Kylie Jenner takes a far lead on Forbes list as 2020’s highest paid celebrity, with her brother-in-law, Kanye West coming in second place.
Kylie Jenner has found her way on top of a Forbes list…yet again. Many people have faced challenges when it comes to maintaining a steady income during the pandemic, but Kylie has seemingly found a way to stay ahead. The youngest Jenner topped Forbes’ annual list, earning $590 million, leaps and bounds ahead of her #2 competition, which just so happens to be her brother-in-law. Kanye West earned a reported $170 million.
The majority of Jenner’s earnings came from the sale of 51% of her Kylie Cosmetics company to Coty. The cosmetic company had a 2019 revenue of $200 million.
While she was named as the youngest ‘self-made’ billionaire at 21 years old in March 2019, her company’s earnings were disputed and she ultimately lost her Forbes-bestowed billionaire ‘status. Forbes estimated that her current net worth is approximately $700 million, due to her sale to Coty.
Kanye’s 2020 earnings, on the other hand, pushed his net worth to $1.3 billion. In particular, Kanye’s deal with Adidas boosted his revenue. Adidas makes his Yeezy sneaker brand, which earned $1.3 billion in sales in 2019 alone.
The rapper reportedly owns all of his brands outright, including his Yeezy apparel. It was announced in June that he signed a deal with Gap to sell his Yeezy clothing line, although we don’t yet have an update on that collaboration.
Here’s the list of the top 10 highest-paid celebrities and their earnings. Let us know if there are any surprises below.
1. Kylie Jenner – $590 million
2. Kanye West – $170 million
3. Roger Federer – $106. 3 million
4. Christiano Ronaldo – $105 million
5. Lionel Messi – $104 million
6. Tyler Perry – $97 million
7. Neymar – $95.5 million
8. Howard Stern – $90 million
9. LeBron James – $88.2 million
10. Dwayne “The Rock” Johnson – $87.5 million