Kylie Jenner just turned 23 years old — and she's already worth $900 million. Take a look at how the mogul built her empire
The manufacturing, packaging, and sales of Kylie Cosmetics products are all outsourced to private companies, including Seed Beauty and Shopify.And the financial and public relations aspects of the brand are handled by Kardashian-Jenner matriarch and Kylie's mother, Kris Jenner, in exchange for a 10% management fee.
Jenner at Houston Ulta Beauty to promote the exclusive launch of Kylie Cosmetics with the retailer in November 2018.Forbes now says that in reality, financial documents show that In November 2019, Jenner sold a majority stake in Kylie Cosmetics to Coty Inc. for $600 million, giving the company a $1.2 billion valuation.of Kylie Cosmetics and Kylie Skin. Jenner was previously CEO.Jenner and her team would continue to lead "all creative efforts
in terms of product and communications initiatives," while Coty would lead the portfolio's "overall" development. Much of Jenner's work on Kylie Cosmetics takes place on social media. She frequently promotes the brand on her personal Instagram account."Social media is an amazing platform," Jenner, who has more than 189 million followers on Instagram, told Forbes last year. "I have such easy access to my fans and my customers."
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