Kylie Jenner Demoted From Billionaire To Millionaire As Her Fortune Slightly Decreases
Updated: Jun 7, 2020
Beauty accessories titan Kylie Jenner has been demoted from a billionaire to a millionaire due to, what Forbes and some other magazines say, a slight decrease in her fortune. That was reported by some media on May 29, 2020.
According Forbes, Kylie Jenner’s net worth decreased from $1 billion to $900 million as of 2020, while Celebrity Net Worth magazine estimates her current net worth at $700 million. Explanation of her declined fortune despite a reported $340 million net earning after she sold 51% stake of her company Kylie Cosmetics in November 2019 to Coty Inc. for $600 million, is said to be due to decrease in value in 2020 of Kylie Cosmetics hence her remaining 49% stake.
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