Forbes stripped Kylie Jenner of billionaire status

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Forbes stripped Kylie Jenner of billionaire status

Kylie jenner

Kylie Jenner, 22, falsified her status as the youngest billionaire – the American magazine Forbes reached this conclusion and deprived it of its place in its ranking. Recall that last year, the publication proclaimed that the owner of the brand Kylie Cosmetics was the youngest billionaire to independently earn his fortune. However, journalists have now received evidence that the businesswoman had exaggerated the extent of her success in the eyes of the public.

Not long ago, Kylie sold 51% of the Kylie Cosmetics Coty brand of cosmetics. According to Forbes, the documents released in this transaction revealed the carefully kept secret of the Kardashian – Jenner family: Kylie’s business is much smaller and less profitable than many thought. The reality TV stars have spent years convincing the media, including Forbes, to believe this myth.

Forbes stripped Kylie Jenner of billionaire status

Kylie jenner

The new data gives reason to believe that Kylie Jenner’s fortune is actually just under $ 900 million (of which $ 340 million is the result of an after-tax transaction with Coty).

According to Rakuten, between 2016 and 2018, online sales of Kylie cosmetics decreased by 62%. Experts interviewed by Forbes believe that his business could not collapse suddenly. The publication concludes that he was never tall, but his owner and his entourage provided the media with false numbers.

Forbes stripped Kylie Jenner of billionaire status

Forbes stripped Kylie Jenner of billionaire status

Based on materials: www.spletnik.ru

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