About two years ago, Kylie Jenner opened up about Kylie Cosmetics and why did she start her business. The youngest Kardashian sister revealed that her lip kits started with her obsession with make-up and lips and how the star took her insecurity with her lips and turned it into her business model.
When did Kylie Jenner start her business?
Kylie Cosmetics, LLC is an American cosmetics company founded by media personality Kylie Jenner. The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set on November 30, 2015.
|Formerly||KYLIE Lip Kits by Kylie Jenner (2014 / 2016) Kylie Cosmetics, LLC (2016-)|
|Products||Cosmetics, beauty products|
How did Kylie Jenner get money to start her business?
Kylie’s main source of revenue is her cosmetics company, Kylie Cosmetics. She started the company at just 17, reportedly using $250,000 of her own money to launch her lip kits. That $250,000 came from various brand sponsorships and deals her mother helped secure for her during Kylie’s teenage years.
Why did Kylie sell her business?
If you don’t know, in November of 2019, Kylie announced that she has sold a majority stake (51%) of her company Kylie Cosmetics to Coty. … “The reason why I sold half my company was to have this big infrastructure to go global,” the 23-year-old makeup mogul and reality star said in the video.
Who is the owner of Kylie Cosmetics?
Who is richer Kim or Kylie?
As of April 2021, Kim is estimated to be worth $1 billion, according to Forbes. … In 2020, Kim followed in her sister Kylie’s footsteps and sold a 20 percent stake in her KKW Beauty line to Coty for $200 million. Kim’s 72 percent stake in her cosmetics brand has an estimated value of $500 million.