Kendall Jenner's latest social media announcement heralds the Kardashian/Jenner empire's expansion into the festival business. While Kendall has been a regular presence in Coachella, the California-based music festival is not the one involved in the expansion.

Kendall, one of the youngest and successful Jenners, is involved with Fyre Festival, the very first ever festival that will happen on the private island of Fyre Cay in the Bahamas. Based on the location, music lovers will have to shell out a considerable amount of money if they want to take part in the festivities.

The cost of the tickets to participate in the festival start at $1,595 per person. If you are dreaming about dining with a performer, you can avail of the deluxe packages but you have to pay $399,995 for it.  

Kendall Jenner announced that G.O.O.D. Music Family will headline Fyre Festival, signaling the model's entry into the business, the Los Angeles Times reported. The new event was tagged as "the cultural experience of the decade."

The G.O.O.D. Music Family is a record label based in the U.S. and built by none other than Kanye West, a well-known rapper and record producer. If you are following the entertainment news closely and you are not living under a rock, you might know that Kanye is married to Kim Kardashian, who is Kendall's half-sister.

Artists who are under the record label include Kanye, Big Sean, Pusha T, John Legend, Desiigner, Teyana Taylor, and Tyga, who is the beau of Kendall's sister Kylie. A spokesperson for the festival refused to confirm who among those under the record label would perform at the Fyre Festival, stuff reported.

The festival will run from April 28 to April 30 and May 5 to May 7. There is no certainty that the festival will be as successful, especially with Beyoncé headlining Coachella. Jobs & Hire previously reported that Coachella headliner Beyoncé's career can teach a thing or two to entrepreneurs about successfully running a business.