While we're out here patiently waiting for our next pay day, Kylie Jenner has just gone and earned herself a huge Dhs2.2 billion. The reality star, 22, is selling off the majority of Kylie Cosmetics to beauty giant Coty less than a year after Forbes dubbed her the world's youngest ever self-made billionaire.
Coty, who owns brands such as Max Factor, Rimmel London, Sally Hansen, Clairol and CoverGirl, will own 51 percent stake and Kylie will own the remaining share.
While Coty will have financial control over Kylie Cosmetics, the Keeping Up With The Kardashians star will retain some creative control. In a statement, she said:
"I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media. This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse."
Kylie launched her beauty empire in 2015 with her line of Lip Kits, which she funded with Dhs918,000 she made from modelling.
Since then she's gone on to launch a whole range of beauty products, including brushes and skin care.
H/T Cosmo UK