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In one of the biggest celebrity cash-outs of all time, Kylie Jenner agreed to sell 51 percent of her Kylie Cosmetics to beauty giant Coty in November. Her cut: $540 million before taxes, by Forbes’s estimates—more than Wall Street thought it was worth, and more than enough to crown her this year’s top-earning celebrity. Right behind her at No 2 is brother-in-law Kanye West, who brought in all but $10 million or so of his estimated $170 million in pre-tax earnings from his high-end sneaker brand, Yeezy.
Edited by Zack O’Malley Greenburg and Rob LaFranco | Reported by Kurt Badenhausen, Kellen Becoats, Madeline Berg, Dawn Chmielewski, Hayley Cuccinello, Abigail Freeman, Chase Peterson-Withorn, Christina Settimi, Ariel Shapiro and Chloe Sorvino
First Published: Jun 20, 2020, 07:52
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