Kim Kardashian Or Kylie Jenner, Know Who Is Wealthier: Report
In January this year, it appeared as if Kylie Jenner had clinched the biggest deal in her life. She sold more than 50 percent of her beauty organization Kylie Cosmetics, to Coty Inc. However, it is clear now that Kim Kardashian is wealthier than her little half-sister.
Coty Inc. valued Kylie’s business at around $1.2 billion. However, the public filings and the deal from Coty soon made it obvious that her company was not as big and profitable as it seemed to be initially.
Previously, it appeared that the family has been leading the beauty industry for years, and publications, including Forbes, also believed the same. Finally, in May this year, Forbes magazine reduced its estimate of Kylie’s net worth to less than one billion.
Thus, the youngest sibling in the Kardashian-Jenner clan was no longer considered the youngest self-made billionaire globally. At present, the magazine estimates her net worth to be at $700 million.
On the other hand, Kylie Jenner’s elder half-sister Kim Kardashian also clinched a deal in June this year. She sold one-fifth of her share in KKW Beauty to Coty. Her business was valued at $1 billion then.
However, global cosmetics sales have dropped significantly amid the outbreak of the COVID-19 pandemic. As such, Forbes now estimates Kim’s fortune at about $780 million. The estimate, however, makes the mom-of-four wealthier than her younger half-sister Kylie Jenner.
However, their mom Kris Jenner had an unexpected surge in her personal fortune. Kris owns 8 percent of KKW Beauty and 4.9 percent of Kylie Cosmetics. She received sales proceeds worth 10 percent of the deal. The momager was also featured in the Richest Self-Made Women list in America for the first time, with an estimated fortune of $190 million in 2020.
Irrespective of which daughter of hers is wealthier, Kris is laughing all the way to the bank. Incidentally, the momager has been the brain behind the business empire of her clan.
Kris gets a steady income from their family reality show called the Keeping Up with the Kardashians and has built-up an enviable fortune. She gets around $100,000 for each episode of the series as its executive producer. Kris also gets a 10 percent share from the earnings of her daughters.
In other news, Kim created quite a buzz on social media after posting a series of never-seen photos from her luxurious might getaway camp in Colorado. The luxurious Dunton River Camp costs $43k per night.
The 39-year-old reality TV icon gave a glimpse of the family getaway to her millions of fans on Instagram. Kim Kardashians’ fans seem to love her grand family trip to the resort, which is nestled in the San Juan Mountains, Daily Mail reports.