The 22-year-old billionaire, Kylie Jenner, made a huge decision to sell the majority share of Kylie Cosmetics to the beauty company, Coty. Kylie will remain on the team as the creative leader, and she says this decision will help the brand grow on a massive international scale. Her continued involvement in Kylie Cosmetics is a smart decision, considering she is one of the most-followed people on major social media platforms.
The New York City-based Coty is a massive beauty corporation that owns notable companies like CoverGirl and Clairol. Kylie is relying on Coty to take her brand to the next level by expanding her audience and exploring new beauty categories.
In 2018, Kylie made $360 million in sales which made her the youngest self-made billionaire and wealthiest of the Kardashian family.
Kylie has made unimaginable success for a 22-year-old and is raising her baby girl as a single mother, so this monumental decision was most likely for the sake of her family.