Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash outs of all time. As with other Kardashian ventures, Kylie’s business began as a way to cash in on a minor scandal. Getty ImagesOne explanation: Kylie’s business quietly fell by more than half in a single year. The Jenners initially told Forbes that the trust holds money Kylie Jenner earned before she turned 18 and that Kylie is its beneficiary. That means Kylie Jenner owns an estimated 44.1% of Kylie Cosmetics, rather than 49%.

Source: Forbes May 29, 2020 10:52 UTC