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FORBES CALLS OUT KYLIE JENNER FOR HER ‘WEB OF LIES’—SAYS SHE’S ‘NO LONGER A BILLIONAIRE’
Friday, May 29, 2020

Keeping up with the…lies? Perhaps!

Forbes is reporting that Kylie Jenner and the Kardashian crew have gone to great lengths to fabricate their wealth, even inviting them into their “mansions” and allegedly forging fabricated tax returns. Noting the family as “famous for being famous,” the media outlet said the fine print on Coty’s acquisition of Kylie Cosmetics, valued to be at $1.2 billion, shows that “Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.”

According to Forbes’ calculations of Kylie’s “revised earnings based on her business’ smaller size and a more conservative estimate of its profitability,” filings released by Coty, and COVID-19’s impact on the beauty industry, Kylie is reportedly worth “just under $900 million”—which includes the $340 million post-tax payout from her Coty deal.

Therefore, falling short of the billionaire status as previously reported by Forbes. However, Kylie did not take the news lightly and fired off some tweets to express her disappointment.

 

 

Do you think Kylie and the Kardashian clan fluff their numbers to Forbes and other media outlets?

 

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