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Kris Jenner just keeps bumping up her net worth as she continues her “momager” role and Instagram presence. The reality star and mogul is known for acting as a manager for her famous daughters. In November 2022, Kris Jenner was reported as having a net worth of $230 million. The 67-year-old also opens her social media with mentions of her daughters’ businesses. Back in 2019, Kris earned herself a staggering $60 million overnight. While there were likely hours of business talks building up to it, the actual cash probably landed in Kris’ account while she was enjoying breakfast.
Kris Jenner Boosts Net Worth With Business Brains
It’s a move that may happen again. The 2019 majority stake sale of daughter Kylie Jenner’s makeup brand to Coty Inc. was a $600 million deal.
Kylie, 25, sold 51% of her best-selling Kylie Cosmetics company to Coty Inc. She netted herself $600 million, but Kris takes a 10% cut from all of her daughters. That’s $60 million for Kris just for managing makeup founder Kylie. Kris Jenner’s Instagram mentions Kylie Cosmetics alongside family brands including SKIMS, SKKN by Kim, and Good American.
Kris Jenner Encouraged Kylie To Launch Makeup Brand
It looks like Kris also acts as an advisor.
“I said, ‘Well Kylie, you have a savings that you’ve earned from doing “KUWTK” for all these years,’” Kris has revealed. She added:
“‘You’re gonna have to use your own money if you really want to make this work, because that’s gonna be your motivation and your drive.'” Kylie founded Kylie Cosmetics at the age of 17. She has since founded Kylie Skin, Kylie Baby, and Kylie Swim.
Of her daughter, Kris Jenner continued: “She said, ‘I want the be in the beauty business, and I know exactly what I want my product to be’.” Kylie regularly shouts out her mom Kris Jenner on Instagram, although she keeps quiet about her mother’s net worth.
