Forbes just released their highest paid celebrities list, and listed Kylie Jenner as the youngest entrepreneur on her way to hitting a billion dollars, thanks to her $900 cosmetic line, Kylie cosmetics.
Fashion and beauty veteran, Pat McGrath his passed that mark. McGrath’s cosmetic line, Pat McGrath Labs, which launched in 2015, has received a $60 million investment from Eurazeo Brands which now brings her brand valuation to $1 billion.
“We are honored to be working with Pat, whose vision, talent, and trailblazing history in the beauty industry have set Pat McGrath Labs up to be one of the most authentic and innovative makeup brands to ever come to market. We’re excited to combine our experience of building global beauty and fashion brands with Pat and her team’s unmatched creativity and passion,” said Jill Granoff, the CEO of Eurazeo Brands.