Kylie Jenner will sell control in the company for $ 600 million.
The youngest billionaire in history who made himself, according to Forbes, 22-year-old Kylie Jenner will sell a controlling stake in her own cosmetics company Kylie Cosmetics for $ 600 million (38 billion 263 million rubles at the CBR exchange rate today).
The buyer is Coty Corporation, it produces cosmetics under the Max Factor brand. After the transaction, which will be held in 2020, the company will be renamed Kylie Beauty. In this case, Kylie will remain the face of the brand.
Surprisingly, her one-sister sisters Courtney, Kim, Chloe Kardashian ignored such an important deal for a relative. At least, in their Instasgram accounts for the last day not a word of support or even disapproval was noticed.
Meanwhile, the Daily Mail revealed the earnings of each of the famous sisters. So, the estimated net capital of Kylie Jenner is $ 1.2 billion (63.7 billion rubles). Like all her relatives, a girl at 22 makes money on a family reality show, as well as working as a model. However, all this is overshadowed by her cosmetic company, which began as a batch of 15 thousand one-dollar lip kits, which she independently financed and sold online to her Instagram subscribers in 2015.