highest earning celebrity of 2020 - thanks to the mammoth sale of her brand Kylie Cosmetics.The star, who netted over $500 million for the sale, beat the likes of Kanye West, professional athletes and actors to the top of the list.
Jenner sold 51% of Kylie Cosmetics’ stock last year to lifestyle conglomerate Coty Inc, which counts the beauty arms of luxury brands such as Marc Jacobs and Gucci as well as Covergirl and Max Factor under its umbrella.The $600 million sale netted the Kardashian family member $540 million before tax, boosting her net worth to a sizeable $900 million and leading Forbes to call it “one of the biggest celebrity cashouts of all time.”Recently, Forbes downgraded Jenner from its list of billionaires after it alleged.