TV star and businesswoman Kylie Jenner is one of the richest women in the world today at 24 years old.
For the fifth year in a row, Forbes praised Jenner as the youngest on its list of the richest self-made women in America who saw the fortune of the 100 richest and most successful women in the US.
According to the outlet, Jenner’s current net worth is $600 million, down from $620 million last year.
Jenner was ranked 41st on this year’s list, down from 51st in 2021, though Forbes estimates her net worth fell by about $20 million from the previous year “in part due to falling cosmetics company values.” “.
Most of her wealth comes from her Kylie Cosmetics makeup line, which launched in 2015 when she was just 18 years old.
In early 2020, he sold a 51% stake in the company to publicly traded Coty for $600 million, but received only $340 million after taxes.
In 2021, the “Keeping Up With The Kardashians” alum added another adventure to her brands with the launch of Kylie Swim.
In the same year, it launched Kylie Baby, which offers skin and hair care products for babies and children up to 10 years old.
Another factor influencing Jenner’s net worth is her Instagram endorsements. She is one of the most followed people on the platform, with 349 million followers.
Jenner was named the youngest self-made billionaire by Forbes for two years in 2019 and 2020.
However, she was kicked off the Forbes billionaires list in 2021. The outlet reported that Kylie Cosmetics was “significantly smaller and less profitable than the family has spent years leading the cosmetics industry and the media, including Forbes for believe”.
It was later estimated to be worth around $900 million and not $1 billion.
Three years later, the youngest of the entire Kardashian-Jenner clan made it to the list of the richest self-made women in America.
The reality star has two children with her boyfriend Travis Scott: daughter Stormi Webster and a baby whose name has not yet been revealed.