According to Forbes, the young multimillionaire owes most of her wealth to her makeup line, Kylie Cosmetics, which is worth $US800 million on its own.
But Jenner also knows how to leverage her powerful social media presence. People reported in May that Jenner, who has over 150 million followers on Facebook, Twitter, and Instagram (not including the millions she has on Snapchat), could earn up to $US1 million a post.
So, what does she do with all that wealth? Invest in real estate, of course. The “Keeping Up With The Kardashians” star has owned five houses in her short lifetime, and she moved into her first when she was just 17.
After her latest real estate endeavour – a $US13.45 million purchase with partner Travis Scott in Beverly Hills – it’s clear that Jenner is already building a real estate empire. And if her wealth keeps increasing at the rate it has been, she’s on her way toward becoming one of the youngest billionaires ever.
Here’s an inside look at Jenner’s real estate ventures so far.
2015: Starter house in Calabasas, California
Jenner bought her first house – a 4,851-square-foot starter pad in Calabasas, California – when she was just 17 years old, in 2015. Located in the swanky Oaks neighbourhood, the mini-mansion cost her a cool $US2.6 million and, according to E! News, was just blocks away from the houses of sisters Kourtney Kardashian and Khloé Kardashian.
Glamour reported that Jenner completely renovated the place, decorating with her signature monochromatic colour palette. “Kylie is more edgy,” Kris Jenner told E! News. “She likes more blacks and grays, and Kim [Kardashian West] likes more cream colours.”
2016: Hidden Hills mini-mansion
While she still owned the Calabasas property, Jenner, then 18 years old, purchased a mini-mansion in Hidden Hills, California, for just over $US6 million in May 2016.
The property was an upgrade in regard to size. Clocking in at just over 7,000 square feet, E! News reported that the house boasted six bedrooms, seven bathrooms, a home theatre, and a four-car garage with epoxy floors.
Jenner sold the lavish property to a low-profile “apartment mogul” in 2018, according to Variety. Though it was an off-market deal, Jenner made close to a million in profit.
2016: Hidden Hills mansion next door
Barely three months later in August 2016, Jenner purchased a second Hidden Hills mansion – right next door to the first.
She snagged the smaller property for $US4.5 million, planning to use it as a home office while living in the first Hidden Hills mansion. The one-story residence was equipped for more than office work, though. It came with many designer perks, including a large walk-in closet and an open-air pavilion.
But Jenner quickly flipped the 5,154-square-foot house, putting it back on the market just five months later. According to Variety, she finally sold the mansion in 2017 to hockey player John Schiavo – and pocketed millions in the process.
2016: Hidden Hills mansion No. 3
Status: currently owned by Jenner
Just a month later in September 2016, Jenner bought her third mansion in Hidden Hills. Not only was the property her biggest (and priciest) purchase yet, but also, Jenner has lived there the longest.
The mansion is a whopping 13,200 square feet, according to Trulia, and is nestled on 1.4 acres of land. In addition to a gourmet kitchen, home theatre, and spa, the luxurious property boasts amazing views of Los Angeles.
As of October, Jenner still owns and lives in the house, and it’s not currently up for sale.
2017: A plot of dirt in Hidden Hills
Jenner made headlines in August after putting a vacant lot up for sale – for $US5.55 million.
The expensive lot was purchased in 2017 and intended to be a garden and horse farm, according to W Magazine; it also sits adjacent to Jenner’s $US12 million Hidden Hills home.
Jenner decided to sell about 10 months after buying, seeking over half a million in profit. She settled for a bit less, according to Variety, as the lot quickly sold later in August for $US5.35 million.
2018: Beverly Hills, California, mansion co-owned with Travis Scott
Status: currently owned by Jenner and Travis Scott
Jenner’s most recent purchase is her most extravagant to date: a $US13.45 mansion in Beverly Hills, California. She purchased it with partner Travis Scott and, according to People, the two split the hefty cost.
A source told People: “Kylie and Travis’s new Beverly Hills house is spectacular. It’s contemporary, but very warm at the same time. The property is also very private.”
For now, Jenner is holding on to her $US12 million Hidden Hills property – which means she currently owns just shy of $US25.5 million worth of property.
Jenner has spent over $US40 million on property in the last two years.
At just 21, Jenner’s real estate portfolio is more than impressive.
But the beauty mogul is used to the fast-paced industry – in fact, it’s the nature of her own business model.
Mintel’s Sarah Jindal said to Forbes: “In a couple of years it wouldn’t surprise me if [Jenner] was on to something else. When you are leveraging your name, you can turn it into anything you want to sell.”
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