Billionaire Beauty Mogul Kylie Jenner Sells Majority Stake In Kylie Cosmetics For $600 Million

Coty buys majority stake in Kylie Jenner's makeup brand, Kylie Cosmetics, for $600 million.

Billionaire Beauty Mogul Kylie Jenner Sells Majority Stake In Kylie Cosmetics For $600 Million

Momager Kris Jenner finally found the right buyer in Coty.

Published November 18th

Written by Gina Conteh

Of all the KarJenner siblings, Kris Jenner really dedicates her time to taking care of her billionaire daughter, Kylie Jenner, and her lucrative cosmetics business. Now, after being adamant about not wanting to sell her company, Kylie has sold a majority stake in Kylie Cosmetics to Coty.

RELATED: Kylie Jenner Has Become The Youngest Ever 'Self-Made' Billionaire

At the ripe age of 18, Kylie Jenner started selling her cult-following lip kits. And the rest was history! As the youngest self-made billionaire in America, according to Forbes, Kylie has paved a way for herself in the cosmetics industry. Now she's cashing in on her brand!

Coty, an American beauty company that owns brands such as CoverGirl and OPI, has bought a 51% stake in Kylie Cosmetics for $600 million, making them the majority stakeholders of her cosmetics brand. This news is showing a change of heart in Kylie, considering she brushed off selling her company during her Forbes interview in March of this year. But momager Kris Jenner was all for it!

View this post on Instagram

business meetings.

A post shared by Kylie ♥️ (@kyliejenner) on

In the interview, Kris Jenner admitted that selling their brand was "... always something that we’re willing to explore." After landing her cosmetics brand in ULTA stores, we're guessing it's only up from here!

(Photo: Vivien Killilea/Getty Images for SinfulColors)

COMMENTS

Latest in style

GET READY FOR ELECTION DAY

NOVEMBER 3, 2020

#RECLAIMYOURVOTE

VOTE
0

days

00HRS
00MIN
00SEC