For those who aren’t aware, the value of Kylie Cosmetics rose massively after Kylie sold a 51% stake in her business to multinational beauty company Coty later that same year, in November 2019. This valued her brand at about $1.2 billion and subsequently served as proof that Forbes was accurate in its branding of her as a billionaire.

Source: Forbes July 28, 2023 11:40 UTC