Home LA Showbiz Kylie Jenner sells 51% of her company for $600 MILLION

Kylie Jenner sells 51% of her company for $600 MILLION

The billionaire just did a massive deal

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Kylie Jenner is set to sell the majority of her cosmetics company for $600 million (€541.50 million).

Kylie, 22, was named the world’s youngest self-made billionaire this year, and has now sold the controlling shares of her cosmetics company Kylie Cosmetics to Coty.

Coty owns some of the biggest beauty brands in the world including Max Factor, Cover Girl, Rimmel and Sally Hansen.

Kylie has said she is building the brand into an “international beauty powerhouse”.

Forbes magazine previously reported that she made $360 million in sales in 2018.

Not only is Kylie one of the world’s biggest beauty mogul, she is also one of the most followed social media stars, with 151 million followers on her Instagram account alone.

It’s believed the new deal will be completed by 2020.

Just recently Kylie showed off her massive HQ on YouTube.