Earlier this year I reported that Kylie Jenner was named the youngest self-made billionaire, ever. This was mostly due to her company Kylie Cosmetics taking off into the success-o-sphere.

Now we can report that the youngest of the Kardashian clan has sold 51% of her makeup brand for $600 million to Coty, the parent company to CoverGirl, Clairol, as well as dozens of other beauty and fashion brands.

To give you some perspective on how much influence this 22-year-old American icon has, she reduced Snapchat’s stock market value by $1.3 billion when she tweeted that she does not use their photo-sharing app anymore.

The brand’s new parent company Coty has acquired dozens of beauty and fashion brands over the years, including over 40 notable brand names from conglomerate Procter and Gamble.

Posted by Marc Charles

 

Marc Charles has worked in Radio and Media since 2005. Marc has been active in media in Detroit, Ohio, Canada, and Florida. When he's not blogging for Money Talk Radio, he covers UFC and Boxing at big events, and with his weekly radio show The Octagram. Follow Marc on social media @MarcCharlesMMA & @TheOctagramMMA.