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Kylie Jenner Makes $600 Million After Selling a Stake of Her Baby, Kylie Cosmetics
Kyle Jenner is now selling majority of her company Kylie Cosmetics & Kylie Skin to beauty brand Coty. When the deal closes, the reality TV star will get a whooping $600 million.
Kylie Jenner launched her cosmetics line in 2015 with just a line of lipsticks. She has since then branched to skincare and face make-up products and by 2018, the 22 year old became the youngest self made billionaire ever.
Kyle Jenner is now selling majority of her company Kylie Cosmetics & Kylie Skin to beauty brand Coty. When the deal closes, the reality TV star will get a whooping $600 million.
Kylie said that this deal would help build her brand into an international beauty powerhouse. Coty will now have 51% stake in the company; an impressive addition to other companies they own like Hugo Boss.
READ ALSO: Ugandan Man Fakes His Death To Raise Contribution For His Wedding
Despite being the youngest, Kylie Jenner is the highest paid in the Kardashian-Jenner family. In 2018, Kylie Cosmetics made sales worth $360 million. Let’s wait for this year to end to see just how much more money she’ll have made.
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