Kylie Jenner is one of the world’s most popular stars, a young influencer on social media who has been able to take advantage of her family’s fame and fortune to create her own empire. The success of her cosmetics company, Kylie Cosmetics, has elevated her status even further, prompting Forbes to declare her the world’s youngest billionaire in early 2019. Recently, Forbes rescinded the title, citing Jenner’s dishonesty. Jenner has lost another financial milestone, according to new reports. This time, Dwayne “The Rock” Johnson is to blame.
Kylie Jenner is a wealthy young entrepreneur
Kylie Jenner first rose to fame on keeping up with the Kardashians, like a ten year old boy with a fresh face. Over the years, he started to create his own brand, and finally launched the iconic “lip kit”, based on the popularity of his enhanced plump lips. Soon after, she introduced Kylie Cosmetics, expanding to sell eye shadows, brow products, highlighters, concealers, and more.
In 2019 Jenner expanded her empire once again when she launched a line of skin care products, known as Kylie Skin. The products sold out in minutes, proving that Jenner’s popularity with her fan base is unique. However, Jenner’s income doesn’t just come from her makeup and skincare products – the young star is one of the biggest celebrities on social media, and occasionally posts ads for sponsored products. For these sponsored posts, she makes a lot of money, and in March 2019, Forbes proclaimed her the youngest billionaire in the world. Jenner’s fans celebrated her achievements, just as critics criticized the young woman for not being truly “self-made.”
Kylie Jenner recently lost her billionaire status
RELATED: Kylie Jenner Called TikTok About Her Horrible Tip Habit After Losing Billionaire Status
In the early 2020s, Forbes published an article that instantly went viral. They rescinded their previous article that named Jenner a billionaire, claiming that Jenner’s staff had given them misleading information, information that made the makeup expert look richer than she really is. Forbes pointed out potentially falsified tax documents, as well as interviews with Kris Jenner that led to them misidentifying her as a billionaire in the 2019 article.
Kylie Jenner’s camp responded quickly, questioning Forbes’ integrity and defending his financial condition. Furthermore, Jenner criticized the idea that he had falsified any information. Regardless of who’s right, Jenner’s net worth these days isn’t exactly what it was a year ago. Her reported net worth is around $ 900 million, according to Forbes, thanks in part to the sale of Kylie Cosmetics to the Coty brand in November 2019.
Dwayne Johnson does more per Instagram post than Kylie Jenner
In addition to ceasing to be a billionaire, Kylie Jenner recently lost another title, and in the age of social media, this one could further harm. A new report reveals that Dwayne “The Rock” Johnson has just surpassed Jenner as the highest-paid celebrity on Instagram, earning around $ 1 million per sponsored Instagram post, reports BBC. Kylie Jenner, by contrast, can earn $ 986,000 per post. Interestingly, Johnson’s net worth is not as high as Jenner’s, reportedly around $ 320 million, according to Celebrity Net Worth.
The report also points out the difference in monitoring their social media. Kylie Jenner has around 182 million followers on Instagram, while Dwayne Johnson has 187 million followers. While neither Johnson nor Jenner run sponsored ads frequently, it is clear that when they do, they both make a serious coin. Neither of them is likely sweating the details as both stars feel pretty in their wealth.
