Celebrity Net Worth: Kylie Jenner named youngest self-made female millionaire

Kylie Jenner

As soon as named the youngest self-made billionaire on the earth, Kylie Jenner now has an estimated web value of $600 million, down from $620m in 2021, in response to a brand new wealth index by Forbes journal.

As with most of the world’s richest individuals, Jenner, 24, has seen her web value shrink over the previous 12 months, pushed by the Russia-Ukraine disaster, the Covid-19 pandemic and risky inventory markets. Nonetheless, she stays the youngest particular person on the journal’s annual listing of self-made ladies with an total rating of 41.

Jenner’s wealth stems from her make-up enterprise, Kylie Cosmetics. She offered 51 per cent of the corporate to multinational magnificence conglomerate Coty in 2020 for $600m. On the time, the deal valued the enterprise at $1.2 billion. Jenner earned $340m from the sale.

Nonetheless, filings by Coty later indicated that the dimensions of the enterprise was smaller and fewer worthwhile than beforehand estimated, Forbes reported in 2020, when it revised down her web value to lower than $900m.

In 2020, gross sales of the enterprise dropped dramatically, the journal stated. This 12 months, it reportedly plunged once more — on-line gross sales dropped by greater than half.

The youngest member of the Kardashian-Jenner clan, Jenner is half-sister to actuality TV star Kim Kardashian and starred within the actuality tv sequence Conserving Up with the Kardashians from 2007 to its remaining season in 2021.

Jenner created her first enterprise on the age of 14. Together with her sister Kendall, she launched a line of clothes, Kendall & Kylie, in collaboration with the model PacSun.

A number of years later, she launched what was to turn out to be Kylie Cosmetics, reportedly utilizing $250,000 from her revenue as a mannequin.

Merchandise have been principally marketed to her 100 million Instagram followers and he or she stated the $29 kits offered out in lower than a minute. Jenner has now trebled her Instagram follower depend to 340 million.

She reportedly costs manufacturers just below $1.5m for a single Instagram endorsement publish, in response to social media advertising and marketing platform Hopper.

Jenner has additionally boosted her wealth by shopping for and promoting houses in and round Los Angeles, in response to wealth monitoring web site Movie star Web Price. As of 2021, she owns houses in Holmby Hills and the mountains above Beverly Hills, in addition to vacant tons in Hidden Hills and La Quinta, Architectural Digest experiences.

Different ladies on the Forbes self-made ladies’s listing underneath the age of 40 embrace pop stars Rihanna, with an estimated web value of $1.4bn, and Taylor Swift ($570m).

Roofing and constructing provide billionaire Diane Hendricks, the founding father of constructing supplies model ABC Provide, topped the listing with a fortune estimated at $12.2bn. That’s up from $11bn a 12 months in the past on the again of a pandemic-driven housing increase.

Dulquer Salmaan -- Handout photos of stills from the Bollywood film Bangalore Days, 2014
CREDIT: Courtesy Anwar Rasheed Entertainment

Dulquer Salmaan

Indian actor and playback singer Dulquer Salmaan has invested an undisclosed quantity in Indian well being dietary supplements model Wellbeing Diet.

The plant-based firm, based in 2019, goals to place “nutraceuticals”, or practical meals, as life-style merchandise somewhat than medicinal dietary supplements. Wellbeing Diet raised $2.2m in a sequence A spherical led by Hearth Ventures in 2021.

Different movie star traders within the firm embrace actor Rakul Preet Singh and mannequin Mira Kapoor.

“I’ve all the time believed that well being and wellness is without doubt one of the most essential investments one makes,” Salmaan informed leisure web site Bollywood Hungama.

“Given my busy schedule, the melts and the Gradual vary from Wellbeing Diet have been really easy to adapt into my life-style. I imagine will probably be a game-changer within the wellness trade and I’m glad to be related to the model and assist its imaginative and prescient.”

The actor, 35, is the son of Malayalam box-office star Mammootty.

Salmaan’s web value is estimated at $7m and derives primarily from his movie work. He’s additionally reported to have a major actual property portfolio, with properties in Dubai and his house state of Kerala.

Salmaan has starred in additional than 30 movies in 4 languages since his 2012 appearing debut in Second Present. His first Netflix sequence, Guns and Gulaabsis at present being filmed.

Shakira has joined an $80 million Series B funding round for US breakfast cereal maker Magic Spoon. Photo: AFP


Lebanese-Colombian star Shakira has joined an $80m sequence B funding spherical for US breakfast cereal maker Magic Spoon. It’s her first public funding since her 2020 outlay into nut snack model SkinnyDipped. Each are gluten-free manufacturers.

The dimensions of Shakira’s funding in Magic Spoon was not disclosed.

Different traders within the spherical included skilled basketball participant Russell Westbrook, American footballer Odell Beckham Jr, comedienne Amy Schumer and musicians Nick Jonas, Halsey, The Chainsmokers and Nas.

The spherical was led by HighPost Capital, a personal funding firm targeted on the worldwide client and client know-how sectors.

Magic Spoon, which makes cereals and cereal bars, will use the funds to speed up enterprise development and increase from direct-to-consumer into retail retailers, together with Goal.

Shakira, 45, has a web value of $300m, in response to Movie star Web Price.

With three Grammy awards and 12 Latin Grammys, the singer, songwriter, stomach dancer and producer has made most of her cash from music.

Throughout a profession spanning 30 years, she is without doubt one of the 100 best-selling artists on the earth. She has offered about 70 million equal album items, together with digital gross sales and streaming, in response to knowledge by music trade tracker Chartmasters.org.

Her final 4 world excursions, together with 2018’s El Dorado tour, every exceeded $75m in ticket gross sales.

The ten-year touring deal she signed with international leisure firm Dwell Nation in 2008 was reportedly value $300m, in response to courtroom filings throughout a lawsuit by her former accomplice, Argentine lawyer Antonio Rua.

Final 12 months, she offered 100 per cent of her music publishing rights to UK funding firm Hipgnosis. {The catalogue} consists of 145 songs.

Shakira has additionally appeared as a choose on the TV exhibits The Voice and Dancing with Myselfhas a partnership with toy model Fisher-Worth and endorsements for manufacturers similar to Pepsi, Panasonic and Reebok.

Shakira’s earlier investments embrace a 2019 foray into Excessive Brew Espresso, an Austin-based beverage model that sources espresso beans from her house nation of Colombia.

She is believed to personal property in Barcelona, the place she lived together with her former accomplice, Spanish footballer Gerard Pique, in addition to within the Bahamas, Uruguay and Miami Seashore in Florida.

Magic Johnson has entered the metaverse after acquiring digital football and basketball franchises in SimWin Sports. AFP

Magic Johnson

Basketball legend Earvin ‘Magic’ Johnson has invested in metaverse sporting platform SimWin Sports activities after buying new soccer and basketball franchises within the digital sports activities league, in response to the corporate.

SimWin Sports activities sells skilled sports activities franchises as non-fungible tokens (NFTs).

Celebrities and athletes personal the groups, and digital athletes can compete across the clock to gas on-demand fantasy sports activities contests.

Different movie star crew house owners embrace basketball participant Lamelo Ball, footballer Jerry Rice and musician Nick Carter of the boy band Backstreet Boys.

“I’m so excited to be concerned with SimWin, which is blazing a path in one of many hottest new enterprise sectors and has an awesome crew main the cost,” Johnson stated.

“This multibillion-dollar enterprise is about to take off and the SimWin mannequin is a wonderful means for sports activities followers to become involved on this ground-breaking alternative.”

The retired American basketball participant has a web value of $620m, in response to Movie star Web Price.

Johnson has used his basketball earnings to construct an funding conglomerate, starting with the cinema home chain Magic Johnson Theatres, which he developed Sony Photos Leisure.

Over time, he has invested in a number of different companies, together with fairness in meals and beverage franchises together with Sodexo, TGI Friday’s, Starbucks and Burger King. His firm, Magic Johnson Enterprises, is valued at $1bn, in response to Movie star Web Price.

Johnson can also be a member of the group that owns the Los Angeles Dodgers baseball crew.

Earlier this month, he misplaced a bid for the Nationwide Soccer League crew Denver Broncos, which was offered for a document $4.65 billion to Walmart inheritor Rob Walton and his household.

Throughout his profession, Johnson earned greater than $18m in cumulative wage funds and banked thousands and thousands extra in endorsements. He owns two houses in California — in Beverly Hills and Orange County.

Up to date: June 20, 2022, 5:00 AM

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