Kylie Jenner… 600 million richer
As of this past March Kylie Jenner was named the youngest billionaire in the world at 21years of age. Impressive right? Clearly not enough for her because today she is 600 million dollars richer.
According to PEOPLE, Jenner, 22, sold a 51 percent stake in Kylie Cosmetics to Coty, which owns other beauty brands including Covergirl, OPI, Rimmel, GHD and Clairol. The sale valued the company at almost $1.2 billion, Business of Fashion reports. While Jenner did sell a majority stake in Kylie Cosmetics, according to an official release, she and her team will continue to lead all creative efforts of product development and communication initiatives.
“I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media,” Jenner said in a release.
Here's the thing that blew me away... If she has only had 1 billion dollars in cash and lived to be 139 she would have to spend $1000 per hour 24 hours a day (and make no additional monies) in order to spend all her money!!!! Let your imagination run wild... What would you do with $24,000 a day, $168,000 a week,$672,000 a month for the rest of your life? It seems to me like it would be a struggle to spend that much money per day so Kylie if you're reading this, I'm willing to help you out. Send half your fortune this way and I will take care of getting rid of it for you.