Kylie Jenner garnered widespread attention when she sold a 51 percent stake in her Kylie Cosmetics and Kylie Skin ventures to Coty for a staggering $600 million. Surprisingly, the Kardashian-Jenner clan maintained radio silence on social media in response to this monumental business deal. Recently, Kim Kardashian broke the family silence during an interview with Entertainment Tonight, where she was promoting her SKIMS shapewear line.
When asked about Jenner’s substantial deal, Kardashian spoke warmly about her younger sister’s entrepreneurial success. She revealed her awareness that Jenner had been contemplating the sale for quite some time, with numerous companies actively bidding for the coveted brand. According to Kardashian, the decision to sell around half of the business was made approximately a year ago.
Expressing her pride, Kardashian commended Jenner’s journey from addressing personal insecurities to building a thriving business in her early 20s. She highlighted the inspiration drawn from Jenner’s commitment to authenticity, self-confidence, and passion for creating exceptional products.
It’s noteworthy that Kylie Jenner stands as the sole billionaire within the Kardashian-Jenner family, although Kris Jenner closely follows with an estimated net worth of $90 million. Kim Kardashian, Kourtney Kardashian, Khloé Kardashian, and Kendall Jenner boast net worths of $350 million, $45 million, $50 million, and $40 million, respectively.