Posted on 11/18/2019 11:30:16 AM PST by RummyChick
Kylie Jenner has become a bona fide billionaire at the tender age of 22 after selling the majority stake in her cosmetics brand for $600 million.
Beauty product giant Coty Inc. announced on Monday it was buying a 51 percent stake in Jenner's make-up and skincare empire.
The 22-year-old reality-star-turned-beauty-mogul will still solely own the other 49 percent stake. The sale gives Jenner's company a new valuation of $1.2 billion.
Jenner was named the world's youngest self-made billionaire of all time by Forbes earlier this year with an estimated net worth of $1 billion.
Jenner, who is the youngest and richest of the entire Kardashian-Jenner family, started her make up line in 2015 by selling $29 lipstick kits.
The kits sold out within minutes of launching - an early sign of the power of her now 270 million-plus social media following.
(Excerpt) Read more at dailymail.co.uk ...
At least it was earned through some old fashioned entrepreneurial work, instead of a GoFundMe panhandling campaign that seems to the most liberals’ MO....
Well, billion is the new million.
“I have never seen a single episode of their show”
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I haven’t either. Whenever a conversation turns in a direction of discussing some aspect of that clan I immediately know what it is like to be “culturally deprived”.
I must have missed that episode of Shark Tank. I hope she didn't sell to Mr. Wonderful.
“At least it was earned through some old fashioned entrepreneurial work”
—
True - it’s the celebrity and fame that was built on nothing.
No amount of makeup will ever turn daddy into a female.
Women are suckers.
I agree, despite the fact that they probably never would be known outside their neighborhood if not for OJ, it’s undeniable there is some real intelligence and business savvy in this family.
Bruce got away with negligent homicide.
There is a woman who appeared on Big Brother on CBS that sold her cosmetics company for 1.2 billion around 8 years after she started it. She went to college first, though
These kinds of stories amaze me.
I wonder what you get for a $29 lipstick kit
Bona Fide? Isn’t using Latin racist, or something?
If not, give it time.
AOC and the other marxists would take a cut. Kylie did all the work, The gov did nothing, but thinks it has a right to cut itself a slice.
Then Kylie would have to sell some of the assets, because a stake in a company does not equal money that you can control and spend.
I couldn’t recognize this woman on a billboard, but congratulations!
Ain’t capitalism a beautiful thing!
Wait until Warren hears about this. ....
0bammy, “Ah.... You didn’t build that”.
I love Capitalism but the system can go a little nuts.
Go Kylie!
One cannot log onto the internet without being offered a picture and a link for her.
Amazing.
She’ll shortly be over the hill but she won’t care.
The power of boobs over brains is astounding.
Faux pussy pass.
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