Founded by Kylie Jenner, Kylie Cosmetics, LLC is a leading cosmetics brand in the United States. On November 30, 2015, Kylie Cosmetics first introduced a liquid lipstick and lip liner kit called Kylie Lip Kits. Kylie Cosmetics was formerly known as Kylie Lip Kits.
Kylie Cosmetics Net Worth
Kylie Cosmetics is worth approximately $1.2 billion. Coty purchased 51% of the company from Kylie Jenner in 2019 for $600 million.
Kylie Cosmetics Founder – Biography
Kylie Kristen Jenner is the owner and founder of Kylie Cosmetics. She is also a television personality, model, socialite, and entrepreneur. From 2007 to 2021, she was a star of the E! reality show “Keeping Up with the Kardashians”. As of now, she is the most followed female on Instagram.
Recently, on 2nd February 2022, she was blessed with a baby boy named Wolf Webster
Kylie Cosmetics: A Brief Background
The Kylie Cosmetics company was founded by Kylie Jenner with her mother Kris Jenner in 2014. They teamed up with Seed Beauty, a retailer and product developer, which was founded by Laura Nelson and John Nelson.
On November 30, 2015, Kylie Cosmetics’ first product Kylie Lip Kits, composed of liquid lipstick and a lip liner, hit the market. Seed Beauty produced the initial 15,000 lip kits with funding from Jenner’s modeling earnings of $250,000.
In February 2016, Kylie Cosmetics was renamed and the number of kits was elevated to 500,000. At the end of 2016, the company generated more than $300 million in revenue.
According to Jenner, she drew inspiration for her brand from insecurities she had about her lips, describing it as “one of the most authentic things I’ve done in my career”.
Kylie Jenner Net Worth on Forbes list
Kylie Jenner was notably missing from Forbes’ listing of billionaires for 2021. Forbes reported last year that Jenner overstated the value of her net worth. According to later estimates, Kylie Jenner has a net worth of around 900 million dollars, instead of $1 billion.