Kylie Jenner named world's highest-paid celebrity

US reality TV star and makeup mogul Kylie Jenner has been named world's highest paid celebrity for the entire year 2020 by the Forbes.

According to the total annual list, the 'Keeping Up With The Kardashians' star topped the list of highest paid celebrities with a whooping $590 million earned this past year.

Attracting $590 million, Jenner's payday came from selling a 51% stake in her cosmetics firm, Kylie Cosmetics to Coty in January.

"While she had exaggerated over time about how big is her business, the amount of money she taken in from the offer was real, enough to rank among the biggest celebrity cashouts ever," reported the American business publication. The cosmetic mogul's earnings were followed by her brother-in-law Kanye West. Kim Kardashian's husband netted $170 million this season. According to Forbes, Kylie Jenner received bulk of the wages from the sale of 51 percent of her Kylie Cosmetics company to the publicly-trade Coty.

The list demonstrates world's highest-paid celebrities earned a combined $6.1 billion before taxes and fees, a $200 million drop from 2019 due to coronavirus pandemic. Other stars who managed to get to the list included Roger Federer with $106m, Cristiano Ronaldo $105m (£780m) and Lionel Messi $104m.