Kylie Jenner Buys a Vacant Lot in Hidden Hills for $15 Million
There’s no shortage of investment moves for the world’s youngest billionaire, Kylie Jenner. The American media personality and businesswoman just recently expanded, yet again, her real estate portfolio. This time, it’s a vacant lot in Hollywood Hills worth $15 million.
The Los Angeles home, which spans 5 acres, is said to be one of the largest lots in all of Hidden Hills. Although it is still a barren property, the lot already has the necessary construction plans and permits. Included in the sale are approved plans to build an 18,000 square-foot mansion within the property.
The blueprints also include plans for a guest house, a barn, and a garage that can accommodate up to 12 cars. But since the 22-year-old billionaire has quite the fortune, she can easily opt for a custom-designed mansion instead.
The property was once owned by Wrecking Ball singer Miley Cyrus. However, the 27-year-old American singer, songwriter, and actress decided to give it up. It was eventually sold to another owner, who had the old house (which was situated on the property) torn down. This new owner was responsible for all the permits. She then decided to sell the property to Jenner for $10 million more than what she paid for it.
Hidden Hills has always been one of the most sought-after residential areas in Los Angeles. With the seclusion that it offers, it is the perfect neighborhood for the rich and famous like the Kardashian-Jenner family. Kylie has several other family members who have properties in the area.
Kylie is no stranger to the neighborhood. She reportedly has a huge $12 million Hidden Hills mansion, which has been her primary residence for the last few years. The Kylie Cosmetics founder also has other multi-million dollar properties. These include a home in Holmby Hills worth $36.5 million, a Beverly Hills mansion valued at $13.5 million, and another vacant lot located in the desert resort city of La Quinta, California.
Aside from being the world’s youngest billionaire since March 2019, Kylie also has one of the most followed accounts on Instagram with over 150 million followers. She is also the youngest person to be featured in the Forbes Celebrity 100 list.
She currently grows her $1 billion net worth through her cosmetic company, Kylie Cosmetics, and by appearing in her family’s reality series, Keeping Up with the Kardashians. She already has a two-year-old daughter named Stormi, whom she shares with her former boyfriend, American rapper, singer, and songwriter Travis Scott.
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