Kylie Jenner is rooting for Hailey Bieber and has some thoughts on her close friend nearly reaching billionaire status. In May, Bieber landed a $1 billion deal for her beauty brand, Rhode, by partnering with e.l.f. Beauty. The model’s friends seemingly cheered her on amid speculation that her net worth skyrocketed after the deal. A source recently claimed that Jenner, whose brand Kylie Cosmetics has also seen significant success, was “happy” to see her girl’s major achievement.
Kylie Jenner is happy to see Hailey Bieber do so well in the beauty space, says source
Star exclusively learned that Kylie Jenner is happy to see Hailey Bieber do so well in the beauty space and nearly hitting the billionaire milestone. A source revealed that the model launched Rhode about three years ago, but her brand has already overtaken the valuation that Kylie Cosmetics had when Jenner “sold off half of it for $600 million.”
Earlier this year, Bieber shared via Instagram that she had landed a $1 billion deal with e.l.f Beauty. The announcement sparked speculation that the sale sent her net worth soaring. However, reports later alleged that she had yet to hit the billion-dollar mark due to the multiple payouts to all parties involved. She reportedly walked away with “north of $300 million.”
The insider further claimed that the mom of one is “aiming to become a true billionaire.” They explained that although she “could cash out now,” she is likely in it “for the long haul,” “loves having control,” and “has a huge vision for what she wants to create.”
Nevertheless, Jenner has been “happy” to see Bieber “doing so well” in the beauty industry. The source shared that the beauty and fashion mogul “told Hailey to go for it” from the very beginning, and even “offered her whatever advice” she could. Moreover, it seems Bieber’s friends aren’t the only ones supporting her endeavor. Her husband, Justin Bieber, is also “so proud of her” and has “backed her all the way on this.”
Originally reported by Nikita Mahato on Reality Tea.
