Kylie Jenner’s Net Worth Skyrockets With Brand Endorsements: Buys New House Because ‘I Have So Many Shoes, And None Of Them Fit In My Old Closet’ [Video]

Kylie Jenner reportedly has a net worth of $5 million, despite being just 18-years-old, and it’s still skyrocketing with her new clothing line, PacSun, among other businesses. Kylie recently celebrated her increasing net worth by buying a $2.5 million mansion in Calabasas, California, last February, even though she wasn’t old enough to live in it yet.

At a young age, Jenner started working hard to build her brand, starting with modeling gigs with Sears, reports the Daily Mail. Every job increased her net worth, and Kylie made her New York Fashion Week debut in 2011. Jenner has modeled for White Sands, and is now the ambassador for Nip + Fab, a line of beauty products, which Jenner shares frequently on her Instagram page.

Thanks to her hair extension brand, Kylie Hair Kouture, her net worth continues to skyrocket. Although according to Hollywood Take, Jenner makes $5,000 per episode of Keeping Up With The Kardashians and $3,000 per tweet, it’s the reality star’s own business ventures that really rake in the cash and boost her net worth.

The Daily Mail reports that Kylie has been financially independent from her parents since she was 14, and the modeling gigs have helped give her net worth a big boost with each new job. Daily Mail reports that when Kanye West debuted his first Adidas collection, Kylie was front and center, modeling his designer fashions at his show in New York.

Along with sister Kendall Jenner, Kylie has also come out with a book for young adults, confessing she “can’t wait to share these characters and the world we created with readers everywhere. We are so excited!”

It helps that Kylie has over 35 million Instagram followers, waiting to see what product Jenner comes up with next — and ready to spend their money on whatever product she’s endorsing. Every high-profile modeling opportunity and brand endorsement boosts the reality star’s net worth — giving her the opportunity to charge even more.

The Daily Mail writes that Kylie Jenner celebrated her $5 million net worth by buying a new home in Calabasas, California, for $2.5 million. It’s not clear if Jenner paid cash or mortgaged the luxury property, but according to the Daily Mail, Jenner told Teen Vogue that she’s “ready to live on my own. It’s a really big step, but I’m ready.”

Kylie Jenner confessed in the interview that she chose the house because she “wanted a house near my family in a quiet neighborhood with a front yard and a backyard that my dog will like. Also, I have so many shoes, and none of them fit in my old closet.” Of course, luxury real estate will contribute to Kylie’s ever-increasing net worth, as well.

[Image credit: Craig Barritt / Getty Images]