Summary
- Kylie Jenner faces rumors of money problems amid ongoing product releases.
- Jenner's various business ventures include cosmetics, skincare, fashion, and more, suggesting a passion for beauty and entrepreneurship.
- Despite conflicting reports on her billionaire status, Jenner's financial success and lifestyle are subjects of ongoing speculation and debate.
From rumors about plastic surgery to her secretive relationship with Timothée Chalamet, Kylie Jenner keeps her fans guessing 24/7. However, one thing is clear: she has a ton of money. Several years ago, Jenner was called "the youngest self-made billionaire" thanks to her beauty business. While fans have various opinions about Kylie Cosmetics, there's no denying that Jenner has quite a recognizable brand.
However, even the richest reality stars and beauty moguls struggle sometimes, and in April 2024, rumors spread that Kylie Jenner was experiencing money problems. In this article, we'll take a look at whether Jenner really did lose money, along with the truth about her billionaire status.
Does Kylie Jenner Have Money Problems In 2024?
According to J-14, fans think Kylie Jenner is having financial problems because she announces new products regularly. The discussion began with TikTok user @michelletok. The New York Post reported that the TikTok user said:
“I think that these celebrities are not as wealthy as we think they are — especially Kylie Jenner. Not that Kylie Jenner is struggling or anything. I don’t think she is close to being homeless, but I think that she lives well beyond her means and that is why she has a new business venture every two to five days."
If people believe this video, then they think that Jenner keeps coming up with new products because she needs a steady stream of income.
What Businesses/Products Did Kylie Jenner Create? (According to The U.S. Sun)
- November 2015: Kylie Cosmetics
- May 2019: Kylie Skin
- September 2019: Kylie Baby
- November 2019: Khy (clothing)
- January 2024: Kylie Cosmetics foundation
- February 2024: Khy 004
- February 2024: Kylie Skin lip butter
- March 2024: Cosmic (perfume)
- March 2024: Sprinter (vodka soda)
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The TikTok user also said:
“She needs money to upkeep her lifestyle. Because she lives way beyond her means. She is not passionate about any of this stuff, she is throwing sh*t at the wall and seeing what sticks."
Another reason why fans think that Kylie Jenner needs money? As The New York Post noted, Travis Scott and Jenner tried to find a buyer for their mansion in Beverly Hills back in 2022. At the time of this writing, the house hasn't sold. According to People, the couple decreased the list price from $21.9 million to $19.9 million in 2023. Then, in 2024, they decreased the price even further to $17.9 million.
Jenner hasn't commented on the rumors that she needs money because she is having trouble selling her house and because she seems to like the finer things in life. Unless she admits that she lost money or that she isn't making enough to pay for her expenses, there is no way of knowing the truth.
At the time of this writing, it seems that people assumed Jenner is having financial difficulties without proof. Plenty of stars have expensive properties that they want to sell, and it sometimes takes a few years to find the right buyer.
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Jenner might keep announcing new products because she really does like beauty. As she told Harper's Bazaar Arabia in 2019, she didn't think about earning a fortune when she came up with Kylie Cosmetics.
Jenner told the publication:
"I don’t really do it to make money or think that far into the future if this is going to be super-successful. I just knew my talents and was passionate about make-up and lips and lipsticks. It’s been a real love of mine for as long as I can remember. I never even knew that you can really turn your passion into a business, you know."
She added, "I just followed my heart and went with how I felt. Now I just feel so blessed every day to wake up, have fun doing what I love and make a career out of it. It’s amazing!”
Is Kylie Jenner Really A Billionaire?
Even before fans wondered about Kylie Jenner's finances in 2024, the reality star's financial picture was confusing. In 2019, Forbes reported that Kylie Jenner had reached billionaire status and said no one else had reached that milestone at such a young age. While Mark Zuckerberg became a billionaire at 23 years old, Jenner was 21.
Forbes noted that Jenner made so much money because of her business Kylie Cosmetics. The publication also reported that Kylie Cosmetics was valued at $900 million at a minimum and that the company made $360 million in 2018.
| Who Were The Wealthiest People In 2024? | Fortune (According to Forbes, As Of April 2024) |
|---|---|
| #1: Bernard Arnault and family | $233 billion |
| #2: Elon Musk | $195 billion |
| #3: Jeff Bezos | $194 billion |
| #4: Mark Zuckerberg | $177 billion |
| #5: Larry Ellison | $141 billion |
| #6: Warren Buffett | $133 billion |
| #7: Bill Gates | $128 billion |
| #8: Steve Ballmer | $121 billion |
| #9: Mukesh Ambani | $116 billion |
| #10: Larry Page | $114 billion |
However, in 2020, Forbes published an article saying that Jenner wasn't really a billionaire. While Coty bought 51% of Kylie Cosmetics for $600 million and the deal is said to have been worth $1.2 billion, people realized that the company didn't make as much money as she and the other Kardashian-Jenners claimed.
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How Much Money Did Kylie Jenner Really Make From Kylie Cosmetics? (According to Forbes)
- 2016: claimed she made over $110 million
- 2016: claimed revenue of $310 million
- 2017: Forbes thought Jenner made $41 million
According to Forbes, Kylie and Kris Jenner didn't tell the truth about how much money Kylie made from her company, or how much money the business made each year. From 2016 to 2018, Internet sales decreased by 62%.
Even though Forbes said that Kylie Jenner wasn't really a billionaire, she answered questions about how much money she had for a long time. In 2019, Jenner said in an interview with The New York Times:
“I can’t say I’ve done it by myself. If they’re just talking finances, technically, yes, I don’t have any inherited money. But I have had a lot of help and a huge platform.”
Two years later, according to The Daily Mail, she told Andy Cohen in a 2021 reunion episode for Keeping Up With The Kardashians that she was happy about her financial situation. She said:
"I don't wake up and look at myself in the mirror, like, "Good morning self-made billionaire'... but yeah, it's amazing."
