Not a billionaire, but Kylie Jenner is highest-paid celebrity, Forbes says; has earned $590 million last year
Forbes compiled the list by estimating pre-tax earnings from June 2019-June 2020.
By Reuters |
AP
Jenner, 22, the half-sister of Kim Kardashian, made headlines a week ago when Forbes said that after reviewing data from the Coty sale, it no longer believed she was a billionaire as it had declared a year ago.
LOS ANGELES: Kylie Jenner and Kanye West on Thursday topped the annual Forbes list of the highest paid celebrities, but sports stars, including Roger Federer and Lionel Messi, dominated the top 10.
Forbes estimated that Jenner earned $590 million in the last 12 months, mostly from the sale of a 51% stake in her Kylie Cosmetics line to Coty in 2019.
Jenner, 22, the half-sister of Kim Kardashian, made headlines a week ago when Forbes said that after reviewing data from the Coty sale, it no longer believed she was a billionaire as it had declared a year ago.
Jenner responded saying that the original Forbes estimate was based on "a number of inaccurate statements and unproven assumptions."
West, who is married to Kardashian, followed with an estimated $170 million in earnings, much of it from his deal with Adidas for his Yeezy sneaker brand.
West was also the top-earning musician, followed by Elton John who raked in most of his estimated $81 million from a lengthy farewell tour.
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Forbes said the Celebrity Top 100 earned a combined $6.1 billion before taxes and fees, a $200 million drop from 2019, after the coronavirus pandemic shuttered stadiums and sports arenas.
Tennis champion Federer took third place with an estimated $106.3 million, mostly from endorsement deals with the likes of Japanese clothing company Uniqlo and watch maker Rolex. He was followed by soccer stars Cristiano Ronaldo and Messi.
Forbes compiled the list by estimating pre-tax earnings from June 2019-June 2020, before deducting fees for managers, based on data from Nielsen, touring trade publication Pollstar, movie database IMDB, as well as interviews with industry experts and many of the celebrities themselves.
Newcomers this year included "Hamilton" creator Lin-Manuel Miranda ($45.5 million) and musician Billie Eilish ($53 million), who at age 18 was the youngest of the Celebrity 100.
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Taylor Swift, who took the top spot a year ago, slid to 25th place after the conclusion of her "Reputation" world tour.
Like every year, Forbes World's Billionaire list highlighted some obvious names, and brought in some surprises.
Amazon CEO Jeff Bezos topped the global list, and Reliance Industries Chairman Mukesh Ambani ranked 13th making him the wealthiest Indian.
With 55 fewer billionaires from the previous year, the ultra-rich make a total net worth of $8.7 trillion ($400 million lower last year), Forbes reported.
Here's a look at who made it to the Forbes rich list this year.
Like every year, Forbes World's Billionaire list highlighted some obvious names, and brought in some surprises.
Amazon CEO Jeff Bezos topped the global list, and Reliance Industries Chairman ..
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The Forbes list reported that Amazon founder Jeff Bezos (L) rules the world with a net worth of 131 billion that increased $19 billion from last year.
At the second spot, net worth of Microsoft co-founder and philanthropist Bill Gates was reported at $96.5 billion, up from 90 billion last year. The money gap between the two has widened substantially.
The Forbes list reported that Amazon founder Jeff Bezos (L) rules the world with a net worth of 131 billion that increased $19 billion from last year.
At the second spot, net worth of Microsoft co-f..
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Followed by Bezos and Gates, the 88-year-old investment guru and Berkshire Hathaway CEO Warren Buffett (L) became the third wealthiest man in the world. The magazine reported that Buffett's fortune slipped by $1.5 billion to $82.5 billion.
French luxury brand LVMH CEO Bernard Arnault held on to fourth place with net worth of $76 billion, up $4 billion from the previous year.
Followed by Bezos and Gates, the 88-year-old investment guru and Berkshire Hathaway CEO Warren Buffett (L) became the third wealthiest man in the world. The magazine reported that Buffett's fortune s..
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RIL head Mukesh Ambani (L), who ranks 13th on the Forbes global list, leads the 106 Indian billionaires. The industrialist's wealth increased from $40.1 billion in 2018 to $50 billion in 2019. His rank jumped six positions.
Businessman brother and chairman of Reliance Group, Anil Ambani, ranks 1349 and has a net worth of $1.8 billion. According to Bloomberg data, Ambani Jr's worth plunged 26% since January and he lost around $408 million of wealth this year after his telecom venture Reliance Communications filed for bankruptcy.
RIL head Mukesh Ambani (L), who ranks 13th on the Forbes global list, leads the 106 Indian billionaires. The industrialist's wealth increased from $40.1 billion in 2018 to $50 billion in 2019. His ra..
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Forbes magazine named Kylie Jenner both the world's youngest billionaire and the youngest 'self-made' billionaire of all time, thanks to her flourishing three-year-old cosmetics company Kylie Cosmetics. With endorsements and TV appearances, Jenner has touched the billionaire-mark and her fortune is estimated at around $1 billion.
The richest Indian woman - Biocon founder Kiran Mazumdar-Shaw - holds the 617th position with a net worth of $3.4 billion.
Forbes magazine named Kylie Jenner both the world's youngest billionaire and the youngest 'self-made' billionaire of all time, thanks to her flourishing three-year-old cosmetics company Kylie Cosmeti..
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Facebook founder Mark Zuckerberg fell three spots from fifth to eighth position. After losing $9 billion in personal wealth, his current net worth stands at $63.8 billion.
Facebook founder Mark Zuckerberg fell three spots from fifth to eighth position. After losing $9 billion in personal wealth, his current net worth stands at $63.8 billion.
After India's richest Ambani at the 13th spot, Wipro Chairman Azim Premji (L) held the 36th position with a net worth of $22.6 billion. HCL co-founder Shiv Nadar (C) and ArcelorMittal CEO Lakshmi Mittal were ranked at 82nd and 91st place, respectively. Nadar has a fortune of $14.4 billion and Mittal's wealth is at $14.1 billion.
After India's richest Ambani at the 13th spot, Wipro Chairman Azim Premji (L) held the 36th position with a net worth of $22.6 billion. HCL co-founder Shiv Nadar (C) and ArcelorMittal CEO Lakshmi Mit..
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The list of Indian billionaires includes Aditya Birla Group Chairman Kumar Mangalam Birla (L) at 122th spot, Adani Group Chairman and founder Gautam Adani (C) at 167th position, and Bharti Airtel head Sunil Mittal at 244th place.
The list of Indian billionaires includes Aditya Birla Group Chairman Kumar Mangalam Birla (L) at 122th spot, Adani Group Chairman and founder Gautam Adani (C) at 167th position, and Bharti Airtel hea..
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At 365th place, consumer goods giant Patanjali Ayurveda's co-founder Acharya Balkrishna (C) made it to the Forbes list with a net worth of $4.8 billion. Piramal Entreprises Chair Ajay Piramal was at 436th place and Infosys co-founder NR Narayana Murthy ranked 962nd.
At 365th place, consumer goods giant Patanjali Ayurveda's co-founder Acharya Balkrishna (C) made it to the Forbes list with a net worth of $4.8 billion. Piramal Entreprises Chair Ajay Piramal was at ..
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