Kylie Jenner is cementing her mogul status. Us Weekly reports that the 19-year-old lip-kit queen and star of Keeping Up With the Kardashians has purchased a $4.5 million dollar mansion. But she won’t be living in it. Kylie’s real estate agent Tomer Fridman says that it’s destined to be a work space for her cosmetics line.
— Kardashians on E! (@KUWTK) August 18, 2016
According to Us Weekly, the new mansion is located next to Kylie’s current house, a $6 million dollar luxury home in Hidden Hills, California. This means that Kylie now owns an eight-acre property, not bad for a girl who hasn’t turned 20 yet.
“To have this is a rarity,” Fridman said in an interview with Us Weekly on Wednesday. “She turned this into a trophy estate because it’s two separate houses, but she owns both of them and they are next to each other in a private drive. It’s übertrophy, one of the most trophy properties out there.”
— heat & heatworld.com (@heatworld) August 18, 2016
The youngest member of the Kardashian-Jenner clan can more than afford to be purchasing property.
According to Money Nation, Kylie Jenner’s net worth is $11.2 million which combines her accumulated assets and income sources including her lip-kit empire, modelling, and TV appearances. Most of it comes from her merchandise, like the aforementioned lip kits, which account for about $19 million of her wealth, Money Nation reports.
Approximately $6 million of Kylie Jenner’s net worth comes from traditional modeling and about $4 million is derived from social media modeling. In terms of TV appearances, those contribute about $1.05 million. As the Inquisitr previously reported, Kylie’s brand endorsements also include Nip + Fab, a skincare line, and PacSun. She and her sister Kendall are also co-creators of a line of candies called Couture Pop confections which are sold at Sugar Factory, as this article in People Magazine notes. Although she technically earned $28 million from all of her business endeavors, according to Money Nation, taxes and expenses cut out a lot of that income which affects her overall net worth.
You may be wondering how Kylie became such a wealthy breakout star of the Kardashian show despite being the youngest sister in the family. The answer, as you may have guessed, is social media.
The Kylie Jenner Instagram and Snapchat phenomenon is real. She is highly influential among teens and young adults. In 2015, she and her sister Kendall were named two of the world’s most influential teens by Time Magazine. The Jenner girls were listed among other notable teens like inventor Ahmed Mohamed and 2014 Nobel Peace prize recipient Malala Yousafzai.
In the Time Magazine profile, Kylie Jenner talked about her ability to start huge fashion trends among her fans.
“Everything I do, I always start these huge trends,” Kylie said. One of the trends Kylie inspired was the #KylieJennerLipChallenge where teens and some adults used do-it-yourself suction tricks to make their lips more voluptuous like Kylie’s. But according to Kylie, she doesn’t just want her influence to be about superficial beauty.
“[But] I just want to inspire my fans to be whoever they want to be, because that’s what I’ve always done.”
People who have worked with the Kardashian-Jenner family say that Kylie has the most distinct personality out of all her sisters which has helped her attract fans and, by extension, wealth.
“Kylie — she’s the one who has the most distinctive personality,” said Jen Garcia, a longtime fashion and entertainment journalist who helped coordinate editorial content for Kylie and her sisters’ apps. “She’s really setting herself apart.”
[Photo by Gerardo Mora/Getty Images for Sugar Factory American Brasserie]