Billionaire Status No More?
Forbes has revoked her billionaire status after declaring it two years ago in 2018. Thanks to her company Kylie Cosmetics, she made her first billion dollars at the age of 21. However, in May 2020, Forbes had to revoke that title as stating that Kylie Jenner exaggerated her company’s success and docking its correct estimate of her net worth to $900 million.
Due to many factors and variables that have happened in 2020, Forbes stated that Kylie Jenner is not a billionaire anymore. COVID-19 is believed to be a major factor, causing sales and beauty stocks to plummet, Jenner was only able to pocket an estimated $340 million pre-tax.
What Else is Left for Kylie Jenner?
Kylie Jenner isn’t a billionaire anymore, but that doesn’t stop the fact that she is still incredibly rich with a net worth estimated at $900 million. As of today, Kylie Jenner has started to brach out her venture capitalism to other demands. One successful business venture started by Kylie Jenner is Kylie Skin that focuses on skincare products, such as face washes, moisturizers, scrubs, and makeup removal wipes. In 2018, the Kylie Skin was evaluated at $800 million.