At the young age of 21, Kylie Jenner became the “World’s Youngest Self-Made Billionaire“, outdoing Mark Zuckerburg, who gained this title at 23-years-old.
With much backlash over the title ‘self-made’, it’s clear that by looking at Jenner’s accomplishments, her creative ideas, level-head and business acumen has aided to her success. And despite being the youngest member of the Kardashian-Jenner family, Kylie is by far the wealthiest thanks to her beauty empire, Kylie Cosmetics and Kylie Skin.
So, how did Kylie Jenner get so rich? For more insight on how the beauty queen makes and spends her money, continue reading below.
Kylie Jenner’s Net Worth: $1 Billion (Forbes, 2020)
How Kylie Jenner Makes Her Money
While Kylie has embarked on numerous money-making opportunities from her novel, Rebels: The City of Indra with sister Kendall, to her Quay and OPI endorsements, here are the ways Kylie Jenner is currently making her money:
Her Appearance on Keeping Up With the Kardashians
When the hit TV series first aired, Kylie was only 9-years-old and the family earned a collective $30 million per season, so she was earning a high salary from such a young age. At the moment, it’s estimated that Kylie earns around $4.5 million per season.
Her Spin-Off Show – Life of Kylie
After the birth of her daughter Stormi, Kylie had her own spin-off show in 2017 called Life of Kylie. While it’s not been reported how much she earned, we are guessing that it’s close to $30 million and counting (thanks to playbacks).
Her Makeup and Skincare Business
- In 2012, Kylie launched her Lip Kits, forming the start of her beauty empire. Since then, she expanded her stock to include other beauty products including highlighters, eyeshadows, brushes and more which sold over $630 million in the first two years.
- In 2019, the beauty mogul signed an exclusive distribution deal with Ulta and sold over $54.5 million worth of products in just six weeks. Later that year, Kylie took another wise step by selling a major stake in the business to Coty Inc. for $600 million, boosting Kylie Cosmetics to a $1.2 billion valuation.
- In the same year, Kylie also branched out to skincare, creating the brand Kylie Skin and ultimately boosting her profile and allowing her to tap into another market.
Her Kendall + Kylie Fashion Brand
In 2013, the two Jenner sisters launched a clothing line called Kendall + Kylie for PacSun. Since then, their merchandise has grown in popularity and their items are now featured in a handful of retailers including Topshop, Amazon, Bloomingdales and Nordstrom.
Her Instagram Posts
With over 150 million followers, brands are paying big bucks to be featured in one of Kylie’s photos. In fact, it was reported that the celebrity gets paid $1.2 million per social post. While she has fewer followers than other celebrities like Beyoncé, she’s a lot more active, meaning that everyone wants a piece of Kylie’s feed!
Her Endorsement Deals
The young entrepreneur also makes a great deal of cash through a number of endorsement deals. A few of them include Puma, Adidas, Fashion Nova and SugarBearHair Vitamins.
The Kylie Shop
Like all popular celebrities, Kylie also has a range of merchandise for her fans. Her most popular items include hats, sweatshirts, and phone cases. The socialite makes money from her most famous slogans, like the most recent “Rise and Shine” or her “Realizing Things” quote.
How Kylie Jenner Spends Her Money
Just by scrolling through Instagram, it’s clear that Jenner spends her money living a luxury lifestyle (and who blames her?). With a fortune like hers, here are the main things the beauty mogul spends her money on:
What does someone do with a load of money? Splash out on luxury cars! With a passion for wheels, Kylie has a fine car collection, including $225,000 black Mercedes-Benz G-Wagon which she wraps in different colours each summer (costing $10,000 each time), a $400,000 Lamborghini Aventador, a one-of-a-kind $200,000 Land Rover, a maroon G550 4×4 SUV, a black Bentley Bentayga, some more Ferraris and a handful of Rolls-Royces.
Kylie also has a thing for expensive jewellery – she’s shown off her $53,000 Rolex watch on the ‘Gram a few times, along with her Cartier rings and Love bracelets and fine diamond pieces.
A lot of Kylie’s cash goes on lavish flights abroad, with each trip costing around $60,000. As you’ve seen from Kylie’s snaps, she likes to take those closest to her around the world, too. And yes, that is her very own branded jet for the launch of Kylie Skin!
In 2016, Kylie purchased a 1.4-acre compound near her sisters in Hidden Hills for $12,000; her mansion has eight bedrooms and 11 bathrooms, as well as a home cinema and spa. Adding to her list of properties is another five houses costing over $40 million.
If you’re subscribed to Kylie’s YouTube channel, you would have seen the tour of her amazing handbag closet that is full of items from every single designer that you can imagine. Her most prized possession from them all though is a $432,000 Hermes Himalayan crocodile skin Birkin bag with 18 karat white gold hardware and more than 200 diamonds.
Kylie often splashes out on new gear for her daughter, Stormi, including a Fendi stroller and a Gucci baby carrier. We’ve even seen Kylie’s mini-me walk around with a tiny Louis Vuitton bag – so cute!
Gifts For Her Loved Ones
What we’ve noticed from watching Keeping Up With The Kardashians is that Kylie loves to spoil those nearest and dearest to her. The youngest Jenner gifted her mum a Ferrari 488 worth $250,000 for her birthday. She also took Stormi’s dad on a special birthday trip and rented out Six Flags Magic Mountain in Los Angeles, costing over $150,000. She then took them to a luxury beach resort Amanyara in Turks and Caicos where luxury suites cost up to $23,538 per night.
Being one of the richest in the game, it only makes sense to switch up your look and keep up appearances. Kylie gives everyone hair goals with her ever-changing hair colors and styles by investing in custom-made wigs by her hairstylist, Tokyo Stylez. Each wig is reported to cost around $5,000.
Having such a high net worth means spending big bucks on your nails. Yes, you read that right. Kylie’s manicure flex isn’t cheap with each new set costs around $200. Her nail technician, Britney Tokyo charges at least $50 for house calls.
While Kylie has only admitted to having regular lip injections, many cosmetic surgeons beg to differ, with speculations that she spent over $30,000 on her transformation including a breast augmentation and fat transfer.
Kylie joins in on training sessions with her sisters, Kim, Kourtney and Khloe, which cost $350 per session. At that price, no wonder they all look amazing! But with a net worth like hers, no wonder she can afford it!
Jimmy Choo Spray Tans
Even though Kylie lives in California, she probably doesn’t have time to tan with being a mummy and running a beauty empire. So, to ensure she looks fresh and healthy, she splurges on $350 Jimmy Choo spray tans!
So, there you have it – all the ways in which Kylie got rich, how she became the youngest self-made billionaire and ways she spends her money. It’s safe to say, the awkward teen transformed into a beauty icon and business mogul overnight. With millions of social media followers, billions of dollars in her bank account, and a rapidly growing business portfolio, Kylie is officially a millennial icon.
Oh, to have her wealth…we can only dream, right? Kylie’s net worth and impressive fortune truly is to die-for. What would you do with all of Kylie’s cash? Let us know by dropping a comment in the section below!