MUA Makeup, sometimes known as Makeup Academy, is a cosmetics company with headquarters in the UK that sells reasonably priced but excellent makeup products. The company is renowned for its wide selection of color cosmetics, brushes, and accessories that are suitable for all skin tones and kinds. Numerous individuals want to discover who owns MUA Makeup because of the company’s rising recognition on a global scale.
In 2010, Maxine Laceby, a makeup artist, launched the business. But in 2016, Lancer Capital, a private equity company, bought it. Since that time, Lancer Capital has maintained ownership of MUA Makeup, which has allowed the company to grow both its customer base and product offering.
Moving on to Kylie Jenner and Kylie Cosmetics, her cosmetics company. Kylie Jenner introduced her own line of cosmetics in 2015, beginning with lip kits. The company rapidly experienced tremendous growth, with some of its products selling out within minutes of being on sale. Thanks to the success of her cosmetics enterprise, Kylie Jenner was recognized by Forbes in 2019 as the youngest self-made billionaire.
But in 2020, Kylie Jenner paid $600 million to sell 51% of her company to Coty, a global cosmetics conglomerate. The intention behind the move was to broaden the market reach and product development of Kylie Cosmetics. The remaining 49% of the company is still owned by Kylie Jenner, who also acts as its creative director.
As for Christoph Honnefelder, who assumed the role in January 2021, he is the CEO of Kylie Cosmetics. With over 20 years of expertise in the cosmetics and consumer goods sectors, Honnefelder has held positions with L’Oreal, Procter & Gamble, and Coty.
The question of why Kylie Jenner is so wealthy now emerges. Kylie Jenner has made a considerable sum of money from her social media presence, particularly Instagram, in addition to her cosmetics company. She collaborates with various brands for product launches and promotions and charges a significant fee for sponsored postings. She also runs the apparel company Kendall + Kylie and has made appearances on a number of reality TV programs.
In conclusion, Kylie Cosmetics is owned by Kylie Jenner and Coty, whereas MUA Makeup is owned by Lancer Capital. Despite selling 51% of her company to Coty, Kylie Jenner continues to serve as the company’s CEO and creative director. Kylie Jenner’s enormous wealth is derived from her initiatives in the cosmetics industry, social media influence, and other businesses.