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Reality TV star Kylie Jenner sells stake in beauty empire for $900 million


Reality TV star Kylie Jenner is selling a stake of her beauty empire to the owner of CoverGirl Makeup, Coty.

Kylie Jenner. Source: Associated Press

Coty paid more than $900 million for a 51 per cent share in Kylie Cosmetics, with Coty's share price today jumping 2.5 per cent.

The 22-year-old founded the company four years ago, using her millions of social media followers to promote the brand.

Jenner, who Forbes magazine named the world's youngest self-made billionaire, will remain as the face of the brand.