Kylie Jenner has become a bona fide billionaire at the tender age of 22 after selling the majority stake in her cosmetics brand for $600 million.
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Beauty product giant Coty Inc. announced on Monday it was buying a 51 percent stake in Jenner's make-up and skincare empire.
The 22-year-old reality-star-turned-beauty-mogul will still solely own the other 49 percent stake. The sale gives Jenner's company a new valuation of $1.2 billion.
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Jenner was named the world's youngest self-made billionaire of all time by Forbes earlier this year with an estimated net worth of $1 billion.
Jenner, who is the youngest and richest of the entire Kardashian-Jenner family, started her make up line in 2015 by selling $29 lipstick kits.
The kits sold out within minutes of launching - an early sign of the power of her now 270 million-plus social media following.
Jenner's products were only sold online when it was first launched but last year the brand struck a deal to sell its goods in 1,100 Ulta Beauty stores across the U.S. She expanded her empire earlier this year with Kylie Skin - a line of moisturizers, under eye creams and facial scrubs.
Jenner brought in sales of an estimated $360 million last year, according to Forbes.
Her billionaire title - and subsequent Forbes cover story - prompted outrage at the time with some critics arguing she wasn't self-made because she was born into wealth and fame.
