Kylie Jenner Sells Beauty Business For $600m
Kylie Jenner Sells Beauty Business for $600m
By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
Kylie Jenner has sold a 51% majority stake in her cosmetics company for $600 million to Coty.
The 22-year-old’s brand, including Kylie Cosmetics and Kylie Skin, will be controlled by beauty giant Coty.
Forbes said Jenner, who started the company in 2015 from her kitchen table when she was just 18 years old, made $360 million in sales in 2018, making her the youngest self-made billionaire ever.
She has 151 million followers on her personal Instagram account 22 million on her Kylie cosmetics account.
Also in this Money Tips Podcast episode:
- Direct investments and loans through peer-to-peer and crowdfunding platforms pay higher interest but carry a far higher risk than bank deposit investments.
- Investors in Signature Living hotel group demand their money back.
- Should estate agents be regulated and licensed?
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Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.
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