Celebrity Net Worth: Kylie Jenner named youngest self-made female millionaire

In our fortnightly celebrity investment and wealth round-up, Dulquer Salmaan backs an Indian supplements group and Shakira invests in a gluten-free cereal

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  A young Kylie Jenner, wearing a black dress with pink fluffy cuffs, attends 'The Emperor's New Groove' premiere with her father Bruce, who is now known as Caitlyn Jenner, mother Kris Jenner and sister Kendall Jenner on December 10, 2000 in Hollywood. AFP

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  Bruce Jenner with daughters Kendall and Kylie, wearing a floral skirt and pink jacket, at the premiere of 'Teacher's Pet' on January 11, 2004 in Hollywood. Getty Images

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  Kylie Jenner, in a light pink dress with silver embellishments, with sisters Kim Kardashian and Kendall at the 'Keeping Up With the Kardashians' viewing party on October 16, 2007 in California. Getty Images

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  Kendall and Kylie Jenner, in a zebra print skirt and pink top, arrive at KIIS-FM's 2008 Wango Tango concert held at the Verizon Wireless Amphitheater on May 10, 2008 in Irvine, California. AFP

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  Kylie Jenner, in a taupe skirt and black top, attends KIIS-FM's Wango Tango concert at Verizon Wireless Amphitheater on May 9, 2009. Getty Images

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  Kylie Jenner, in a red and black playsuit with a blazer, attends KIIS-FM's Wango Tango concert at the Staples Centre on May 15, 2010 in Los Angeles, California. AFP

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  Kylie Jenner, in a silver dress, arrives at the opening night of Taste Of Beverly Hills Wine & Food Festival on September 2, 2010. Getty Images

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  Kylie Jenner, in a brown Bebe dress, with sisters Khloe Kardashian and Kendall, arrive at the premiere of 'Burlesque' at Grauman's Chinese Theatre on November 15, 2010. AFP

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  Kendall and Kylie Jenner, in a white Alice + Olivia peplum dress, arrive at the premiere of 'Justin Bieber: Never Say Never' on February 8, 2011 in Los Angeles. AFP

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  Kendall, Kim Kardashian and Kylie, in a taupe dress, arrive at the 2011 Teen Choice Awards on August 7, 2011 in Universal City, California. Getty Images

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  Kylie Jenner, in Kardashian Kollection, attends the Launch Party for the family brand on August 17, 2011 in Hollywood. AFP

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  Kylie Jenner, in a white dress, attends 'The Hunger Games' premiere on March 12, 2012 in Los Angeles. AFP

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  Kylie Jenner, in Cameo Underwater sequin trousers and a camisole, arrives at Fashion's Night Out 2012 on September 6, 2012 in Los Angeles, California. Getty Images

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  Kylie Jenner, in a black skater skirt and grey top, attends Abbey Dawn By Avril Lavigne spring 2013 show in New York on September 10, 2012. Getty Images

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  Kylie Jenner, in a black hoodie dress, arrives at Nickelodeon's 26th Annual Kids' Choice Awards on March 23, 2013 in Los Angeles, California. Getty Images

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  Kylie Jenner, wearing Kendall and Kylie, attends the collection preview for the label on August 6, 2013 in New York City. AFP

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  Kylie Jenner, in a grey dress, arrives at 'The Hunger Games: Catching Fire' premiere on November 18, 2013 in Los Angeles, California. AFP

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  Kylie Jenner, wearing a Maiyet top and Giambattista Valli velvet trousers, attends the 2013 American Music Awards on November 24, 2013 in Los Angeles, California. AFP

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  Kylie Jenner, in white Alex Perry, attends the 2014 Billboard Music Awards at the MGM Grand Garden Arena on May 18, 2014 in Las Vegas, Nevada. Getty Images

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  Kylie Jenner, in black jeans and a jumper, arrives at The Imagine Ball held at House of Blues Sunset Strip on August 6, 2014 in West Hollywood, California. AFP

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  Kylie Jenner, in a Neil Barrett top and Sass & Bide skirt, attends the 2014 Teen Choice Awards on August 10, 2014 in Los Angeles, California. AFP

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  Kylie Jenner, in black Alexandre Vauthier, attends the 2014 MTV Video Music Awards in Inglewood, California on August 24, 2014. AFP

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  Kylie Jenner, in Alexandre Vauthier, attends the 2014 American Music Awards in Los Angeles, California on November 23, 2014. AFP

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  Kylie Jenner, in Steven Khalil, attends GQ and Giorgio Armani Grammys After Party at Hollywood Athletic Club on February 8, 2015. Getty Images

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  Kylie Jenner, in a blush 3.1 Phillip Lim tuxedo cape, attends the 3.1 Phillip Lim fashion show on February 16, 2015 in New York City. AFP

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  Kylie Jenner, in a white gown, attends the 2015 NBCUniversal Cable Entertainment Upfront party on May 14, 2015 in New York City. AFP

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  Kendall Jenner and Kylie Jenner, in a Topshop dress, attend a launch party for their Kendall + Kylie fashion line at Topshop on June 3, 2015 in Los Angeles, California. Getty Images

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  Kris Jenner and Kylie Jenner, in a Kimora Lee Simmons coat and Alaia leggings, attend the premiere of 'The Gallows' at Hollywood High School on July 7, 2015. AFP

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  Kylie Jenner, in a gold Shady Zeineldine gown, attends The 2015 ESPYS on July 15, 2015 in Los Angeles, California. AFP

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  Kylie Jenner, in a gold Balmain dress, attends the 2015 MTV Video Music Awards at Microsoft Theatre on August 30, 2015 in Los Angeles, California. Getty Images

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  Kylie Jenner, in a Prabal Gurung two piece with a Solace London top attends Gurung's spring 2016 show during New York Fashion Week on September 13, 2015. Getty Images

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  Kylie Jenner, in a Zachary the Label two-piece set, attends the opening of the Sugar Factory American Brasserie on September 16, 2015 in New York City. AFP

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  Kylie Jenner, in a gold dress, attends the Vera Wang Collection autumn 2016 fashion show during New York Fashion Week on February 16, 2016. AFP

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  Kylie Jenner, in a white Balmain set, attends the Fresh Faces party hosted by Marie Claire on April 11, 2016 in Los Angeles, California. AFP

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  Kylie Jenner, in a dress by The Row, attends the Revolve Desert House on April 17, 2016 at Coachella in California. Getty Images

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  Kylie Jenner, in Balmain, attends the 2016 Met Gala at the Metropolitan Museum of Art on May 2, 2016 in New York City. AFP

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  Kylie Jenner, in Balmain, attends the Balmain and Olivier Rousteing after the Met Gala Celebration on May 2, 2016 in New York City. AFP

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  Kylie Jenner, in tasselled Balmain, attends Harper's Bazaar celebration of 'Icons By Carine Roitfeld' at The Plaza Hotel on September 9, 2016 in New York City. AFP

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  Kylie Jenner, in a demin skirt and jacket, attends the Jonathan Simkhai fashion show during New York Fashion Week on September 10, 2016. Getty Images

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  Kylie Jenner, in Alexander Wang for the label's spring/summer fashion show during New York Fashion Week on February 11, 2017. AFP

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  Kylie Jenner, in sheer Versace, attends the 2017 Met Gala at the Metropolitan Museum of Art on May 1, 2017 in New York City. AFP

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  Kylie Jenner, in black Alexander Wang, attends the 2018 Met Gala at the Metropolitan Museum of Art on May 7, 2018 in New York City. AFP

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  Jordyn Woods and Kylie Jenner, in a yellow Louis Vuitton tracksuit, attend the French maison's menswear spring/summer 2019 show as part of Paris Fashion Week on June 21, 2018. Getty Images

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  Kylie Jenner, in a white Tom Ford blazer dress, attends the 2018 MTV Video Music Awards at Radio City Music Hall on August 20, 2018 in New York City. AFP

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  Kylie Jenner, wearing red Ralph & Russo, attends the Pre-Grammy Gala at The Beverly Hilton Hotel on February 9, 2019 in Beverly Hills, California. Getty Images

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  Kylie Jenner, in baby pink Balmain, attends the 61st Annual Grammy Awards at Staples Centre on February 10, 2019 in Los Angeles, California. Getty Images

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  Kylie Jenner, in Versace, attends the 2019 Met Gala at the Metropolitan Museum of Art on May 6, 2019 in New York City. AFP

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  Kylie Jenner, in a white dress, attends the premiere of Netflix's 'Travis Scott: Look Mom I Can Fly' film at Barker Hangar on August 27, 2019 in Santa Monica, California. AFP

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  Kylie Jenner, in Ralph & Russo, attends the 2020 Vanity Fair Oscar Party on February 9, 2020 in Beverly Hills, California. AFP

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  Travis Scott, Kylie Jenner, in a green body con dress, and Stormi Webster attend the 72nd Annual Parsons Benefit at Pier 17 on June 15, 2021 in New York City. Getty Images

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  Kylie Jenner, in a crop top and orange Off-White trench coat, attends the Revolve Gallery NYFW Presentation And Pop-up at Hudson Yards on September 9, 2021 in New York City. Getty Images

Kylie Jenner

Once named the youngest self-made billionaire in the world, Kylie Jenner now has an estimated net worth of $600 million, down from $620m in 2021, according to a new wealth index by Forbes magazine.

As with many of the world's richest people, Jenner, 24, has seen her net worth shrink over the past year, driven by the Russia-Ukraine crisis, the Covid-19 pandemic and volatile stock markets. Nevertheless, she remains the youngest person on the magazine’s annual list of self-made women with an overall ranking of 41.

Jenner’s wealth stems from her make-up business, Kylie Cosmetics. She sold 51 per cent of the company to multinational beauty conglomerate Coty in 2020 for $600m. At the time, the deal valued the business at $1.2 billion. Jenner earned $340m from the sale.

However, filings by Coty later indicated that the size of the business was smaller and less profitable than previously estimated, Forbes reported in 2020, when it revised down her net worth to less than $900m.

In 2020, sales of the business dropped dramatically, the magazine said. This year, it reportedly plunged again — online sales dropped by more than half.

The youngest member of the Kardashian-Jenner clan, Jenner is half-sister to reality TV star Kim Kardashian and starred in the reality television series Keeping Up with the Kardashians from 2007 to its final season in 2021.

Jenner created her first business at the age of 14. With her sister Kendall, she launched a line of clothing, Kendall & Kylie, in collaboration with the brand PacSun.

Several years later, she launched what was to become Kylie Cosmetics, reportedly using $250,000 from her income as a model.

Products were principally marketed to her 100 million Instagram followers and she said the $29 kits sold out in less than a minute. Jenner has now trebled her Instagram follower count to 340 million.

She reportedly charges brands just under $1.5m for a single Instagram endorsement post, according to social media marketing platform Hopper.

Jenner has also boosted her wealth by buying and selling homes in and around Los Angeles, according to wealth tracking website Celebrity Net Worth. As of 2021, she owns homes in Holmby Hills and the mountains above Beverly Hills, as well as vacant lots in Hidden Hills and La Quinta, Architectural Digest reports.

Other women on the Forbes self-made women's list under the age of 40 include pop stars Rihanna, with an estimated net worth of $1.4bn, and Taylor Swift ($570m).

Roofing and building supply billionaire Diane Hendricks, the founder of building materials brand ABC Supply, topped the list with a fortune estimated at $12.2bn. That is up from $11bn a year ago on the back of a pandemic-driven housing boom.

Indian actor Dulquer Salmaan has invested in health supplements brand Wellbeing Nutrition. Photo: Anwar Rasheed Entertainment

Dulquer Salmaan

Indian actor and playback singer Dulquer Salmaan has invested an undisclosed amount in Indian health supplements brand Wellbeing Nutrition.

The plant-based company, founded in 2019, aims to position “nutraceuticals”, or functional food, as lifestyle products rather than medicinal supplements. Wellbeing Nutrition raised $2.2m in a series A round led by Fireside Ventures in 2021.

Other celebrity investors in the company include actor Rakul Preet Singh and model Mira Kapoor.

“I have always believed that health and wellness is one of the most important investments one makes,” Salmaan told entertainment website Bollywood Hungama.

“Given my busy schedule, the melts and the Slow range from Wellbeing Nutrition were so easy to adapt into my lifestyle. I believe it will be a game-changer in the wellness industry and I am happy to be associated with the brand and support its vision.”

The actor, 35, is the son of Malayalam box-office star Mammootty.

Salmaan’s net worth is estimated at $7m and derives mainly from his film work. He is also reported to have a significant real estate portfolio, with properties in Dubai and his home state of Kerala.

Salmaan has starred in more than 30 films in four languages since his 2012 acting debut in Second Show. His first Netflix series, Guns and Gulaabs, is currently being filmed.

Shakira has joined an $80 million Series B funding round for US breakfast cereal maker Magic Spoon. Photo: AFP

Shakira

Lebanese-Colombian star Shakira has joined an $80m series B funding round for US breakfast cereal maker Magic Spoon. It is her first public investment since her 2020 outlay into nut snack brand SkinnyDipped. Both are gluten-free brands.

The size of Shakira’s investment in Magic Spoon was not disclosed.

Other investors in the round included professional basketball player Russell Westbrook, American footballer Odell Beckham Jr, comedienne Amy Schumer and musicians Nick Jonas, Halsey, The Chainsmokers and Nas.

The round was led by HighPost Capital, a private investment company focused on the global consumer and consumer technology sectors.

Magic Spoon, which makes cereals and cereal bars, will use the funds to accelerate business growth and expand from direct-to-consumer into retail shops, including Target.

Shakira, 45, has a net worth of $300m, according to Celebrity Net Worth.

With three Grammy awards and 12 Latin Grammys, the singer, songwriter, belly dancer and producer has made most of her money from music.

During a career spanning 30 years, she is one of the 100 best-selling artists in the world. She has sold about 70 million equivalent album units, including digital sales and streaming, according to data by music industry tracker Chartmasters.org.

Her last four world tours, including 2018’s El Dorado tour, each exceeded $75m in ticket sales.

The 10-year touring deal she signed with global entertainment company Live Nation in 2008 was reportedly worth $300m, according to court filings during a lawsuit by her former partner, Argentine lawyer Antonio Rua.

Last year, she sold 100 per cent of her music publishing rights to UK investment company Hipgnosis. The catalogue includes 145 songs.

Shakira has also appeared as a judge on the TV shows The Voice and Dancing with Myself, has a partnership with toy brand Fisher-Price and endorsements for brands such as Pepsi, Panasonic and Reebok.

Shakira’s previous investments include a 2019 foray into High Brew Coffee, an Austin-based beverage brand that sources coffee beans from her home country of Colombia.

She is thought to own property in Barcelona, where she lived with her former partner, Spanish footballer Gerard Pique, as well as in the Bahamas, Uruguay and Miami Beach in Florida.

Magic Johnson has entered the metaverse after acquiring digital football and basketball franchises in SimWin Sports. AFP

Magic Johnson

Basketball legend Earvin ‘Magic’ Johnson has invested in metaverse sporting platform SimWin Sports after acquiring new football and basketball franchises in the digital sports league, according to the company.

SimWin Sports sells professional sports franchises as non-fungible tokens (NFTs).

Celebrities and athletes own the teams, and virtual athletes can compete around the clock to fuel on-demand fantasy sports contests.

Other celebrity team owners include basketball player Lamelo Ball, footballer Jerry Rice and musician Nick Carter of the boy band Backstreet Boys.

“I am so excited to be involved with SimWin, which is blazing a trail in one of the hottest new business sectors and has a great team leading the charge,” Johnson said.

“This multibillion-dollar business is about to take off and the SimWin model is an excellent way for sports fans to get involved in this ground-breaking opportunity.”

The retired American basketball player has a net worth of $620m, according to Celebrity Net Worth.

Johnson has used his basketball earnings to build an investment conglomerate, beginning with the cinema house chain Magic Johnson Theatres, which he developed Sony Pictures Entertainment.

Over the years, he has invested in several other businesses, including equity in food and beverage franchises including Sodexo, TGI Friday’s, Starbucks and Burger King. His company, Magic Johnson Enterprises, is valued at $1bn, according to Celebrity Net Worth.

Johnson is also a member of the group that owns the Los Angeles Dodgers baseball team.

Earlier this month, he lost a bid for the National Football League team Denver Broncos, which was sold for a record $4.65 billion to Walmart heir Rob Walton and his family.

During his career, Johnson earned more than $18m in cumulative salary payments and banked millions more in endorsements. He owns two homes in California — in Beverly Hills and Orange County.