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A few things you need to know about Kylie Jenner… 1) she loves to brag about how rich she is… and 2) You might not be buying your lip kits from Kylie Jenner sometime in the near future … if all goes according to Kylie’s million dollars plan
What’s up guys it’s Sussan Mourad here with Clevver News and Kylie might be planning on selling over half of Kylie Cosmetics to make quite the pretty penny
You know cause she’s SOOOO hard up for cash these days!
According to our sister publication, Cosmo, Kylie has reportedly been thinking of selling 51 percent of her multi-million dollar company to Coty Inc, the company that owns Covergirl and Sally Hansen, for the hefty price of 600 million dollars.
And what’s even better for the youngest self-made billionaire? She would only be selling just over half of the company, meaning she would still have some control of the brand AND continue to get paid, 49 percent to be exact!
Maybe all these money moves were why she was bragging to Alex Rodriguez and JLo about how rich she is at this year’s MET Gala.
ARod opened up to Sports Illustrated about the star-studded exclusive affair and said quote, “We had a great table,” said Rodriguez, 43. “We had Kylie Jenner and Kendall Jenner. Kylie was talking about Instagram and her lipstick, and how rich she is.”
Do I sense some passive aggressive shade here….?
Apparently, Kylie has been shopping around for a company to buy Kylie Cosmetics for a while now, but has yet to reach a deal.
And if she DOES end up selling to Coty Inc, it’s possible that they will start selling Kylie lip kits in department stores and pharmacies like most of their other brands.
And it’s probable that she could increase her wealth by more than half a billion dollars.
Besides a line of lip kits, Kylie has been working on other ventures, including her new skin care line, possible baby products line, the whole kit and kaboodle!
We’re not sure how involved Kylie would be if she does end up selling her company, but I can only imagine she’ll have to spend all that time working on something else.
Any ideas on what Kylie will conquer next? My bets are on luxury, designer cars! Do you think it’s a smart move to sell Kylie Cosmetics after only 4 years? Also, what do you think of Kylie’s subtle “Im SO RICH” brag? Let me know in the comments below and before you leave… click the subscribe button, give this video a thumbs up and enjoy more CLevver content by click this box right here!
Thanks for watching, I’ll catch you later!
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Sussan Dressed by: Camilla