Kylie Jenner named world’s highest-paid celebrity

LOS ANGELES: Kylie Jenner and Kanye West have topped the annual list of highest-paid celebrities released by Forbes.

Forbes estimated that Jenner earned $590 million in the last 12 months, mostly from the sale of a 51 percent stake in her Kylie Cosmetics line to Coty in 2019.

Jenner, aged 22, 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 and said that the original Forbes estimate was based on “a number of inaccurate statements and unproven assumptions.”

Kanye West, who is married to Jenner’s half-sister Kim Kardashian, followed with an estimated $170 million in earnings, much of it from his deal with Adidas for his Yeezy sneaker brand.

READ MORE: Forbes drops Kylie Jenner from billionaire list

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.

Forbes said the Celebrity Top 100 earned a combined $6.1 billion before taxes and fees, a $200 million drop from 2019, as the coronavirus pandemic shuttered stadiums and sports arenas.

Tennis champion Federer took third place with an estimated $106.3 million, mostly from endorsement deals. He was followed by soccer stars Cristiano Ronaldo and Messi.

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 list.

Taylor Swift, who took the top spot a year ago, slid to 25th place after the conclusion of her ‘Reputation’ world tour.