Kylie Jenner is making money moves that would even make Bill Gates jealous, while the internet can debate all day long about whether or not Kylie Jenner is "self-made." Since she started her Kylie Cosmetics line with her colorful lip kits, her brand has grown to be worth an estimated $900 million, and she's already reached billionaire status. Now, she's about to become even richer if reports of her selling Kylie Cosmetics are true.
You can always count on the Kardashian-Jenner clan to cash on any kind of publicity they get. While running in the elite social circles in Calabasas, the socialites have proved their business acumen whenever need. All the five sisters have their own major companies that are making big bucks worldwide. While mentioning this, we cannot forget the youngest of the Kar-Jenner family - Kylie Jenner.
The magazine added, ‘The company, which owns O.P.I., Rimmel London, and Covergirl, is allegedly mulling over a $600 million purchase of a 51 percent stake. So Jenner would retain some ownership, but she would no longer be the primary owner—Coty would. Apparently, this is not the first offer for a buyout that Jenner has considered, but it's the most appealing one so far.’
Coty's brands tend to be found in aisles across all your favorite stores, like CVS and Walgreens, so this sale could mean that you'd no longer have to wait for your lip kits and highlighters to come through the mail. Right now, Kylie's makeup products are also sold in Ulta Beauty stores, but wouldn't it be great to shop the line while spending an ungodly amount of time at Target?!
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If this is true, we wonder what would Kylie role be in the company. And, if she really decides to unload Kylie Cosmetics, it will definitely be a huge amount for her and Stormi to be set for life.
Well, with her new brand - Kylie Skin slowly catching momentum we definitely know that she will be working towards growing the company!