Kylie Jenner has been planning on something, and it might get her richer. Her simple passion for makeup, fashion, and beauty became a huge empire that brought her net worth to $900 million. And this time, there are rumors that she will be selling a big amount of her shares and her fans would like to know why.
In recent news about Kylie Jenner, aside from a few disagreements about her new office space, the reality star is reportedly "courting" one of the world's largest beauty companies and the largest fragrance company in America. Coty, Inc. has a wide range of products and services from developing, manufacturing, marketing and distribution of fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products.
The alleged plan will be to take over by a $600 million purchase of a 51 percent stake from Kylie Cosmetics, making Kylie Jenner a secondary owner or a stockholder. It is probably the best offer the young billionaire has provided for Coty, Inc. as it would make them the primary owner.
Kylie Jenner has been into the buyout scheme for some time now, so this is not the first offer she has given to a company, however, this time, the winning move might get her the big deal. At a young age, the makeup mogul is already moving and thinking like a fierce businessman, as she is not afraid to take risks and has matured enough to let go to get more.
But entrepreneurs do not stop there, as they think for more ways to earn more, even though this one big deal with Coty, Inc. will make Kylie Jenner and Her daughter, Stormi's life very decent enough for the future to come. The deal will also ultimately make her the "self-made billionaire" as she was controversially tagged, but Jenner already explained that she did not get her achievements in a silver platter already served to her.
Kylie Jenner said that although she grew up in a world of privilege and the platform was given to her through her family's long-running reality show, she doesn't have inheritance money to be able to reach her current net worth. Also, the reality star gave all the credit to her support system, which is her family and an opportunity to be a celebrity to think of ways to use it in a business perspective.
