Kylie Jenner Goes on $50M Real Estate Spending Spree in California
California, United States
Kylie Jenner seems to be keeping busy during the lockdown by buying up prime real estate around California. TMZ first reported that Jenner paid $36.5 million for a 15,350 square foot mansion in Holmby Hills. She negotiated that property down from $45 million. It was built in 2019 and first listed in August for $55 million. Just weeks after that purchase, TMZ has reported that Jenner has picked up a vacant 5 acre property in Hidden Hills for $15 million. According to TMZ, Miley Cyrus purchased the property in 2015 and kept her horses there. She sold it 3 years later and the new owner demolished the house and kept the land vacant. These two purchases add to her growing property portfolio with another recent purchase in Palm Springs as well as other homes in Hidden Hills. According to Metro, Jenner held onto her crown as the world’s youngest self-made billionaire for the second year running. The 22-year-old founded American cosmetics company, Kylie Cosmetics, in 2014 and sold a 51% controlling stake in the company to Coty, Inc. for $600 million in November 2019. As of 2020, Jenner’s net worth exceeds $1 billion.