Forbes dramatically deprives Kylie Jenner of billionaire status – and she shoots back

| |

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Forbes The magazine, in which Kylie Jenner was described as the “youngest self-made billionaire of all time”, dramatically deprives her of the title. “data-reactid =” 16 “>Forbes The magazine, in which Kylie Jenner was described as the “youngest self-made billionaire of all time”, dramatically deprives her of the title.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In a bubble story with the title In Kylie Jenner’s Web of Lies – and why she’s no longer a billionaireThe magazine now claims that the youngest member of the Kardashian-Jenner crew “inflated the size and success of their business” and has been “for years”. The magazine bangs the reality star who has become a makeup mogul throughout history – and the rest of the family, including momager Kris Jenner, who they said he immortalized the lie – and got Jenner on Twitter answer and say, “I never asked for a title or tried to lie there ANYTIME” and there are “100 things that are more important at the moment than being fixated on how much money I have. “” Data-reactid = “17”> In a blistered story called In Kylie Jenner’s Web of Lies – and why she’s no longer a billionaireThe magazine now claims that the youngest member of the Kardashian-Jenner crew “inflated the size and success of their business” and has been “for years”. The magazine bangs the reality star who has become a makeup mogul throughout history – and the rest of the family, including momager Kris Jenner, who they said he immortalized the lie – and got Jenner on Twitter answer and say, “I never asked for a title or tried to lie to myself there” and there are “100 things that are more important than focusing on how much money I have right now. “

BEVERLY HILLS, CALIFORNIA - FEBRUARY 9: Kylie Jenner attends the 2020 Vanity Fair Oscar Party at the Wallis Annenberg Center for the Performing Arts on February 9, 2020 in Beverly Hills, California. (Photo by Toni Anne Barson / WireImage)

Kylie Jenner responds to Forbes’ claim that she lied to be a billionaire. (Photo: Toni Anne Barson / WireImage)

The 22-year-old’s full answer:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to the financial news, Jenner only sells more than half of her Kylie Cosmetics to Coty earlier this year – in a $ 1.2 billion store (pocketed an estimated $ 340 million after tax) – led to the alleged discovery that the company wasn't worth that much, as it claimed. The fine print in the supposedly debunked deal that the business is "significantly smaller and less profitable than the family that has run the cosmetics and media companies for years, including." Forbes, believe. “(It compared the alleged lie to Donald Trump’s excessive inflation of his wealth.)” Data-reactid = “36”> According to the financial news, Jenner sold just over half of her Kylie Cosmetics to Coty earlier this year – in an estimated one Business at $ 1.2 billion (pocketed an estimated $ 340 million after tax) – led to the alleged discovery that the company wasn’t worth as much as it claimed. The small print in the deal allegedly revealed that the business “is significantly smaller and less profitable than the family has spent years running the cosmetics and media companies, including.” Forbes, believe. “(It compared the alleged lie to Donald Trump’s excessive inflation of his wealth.)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The report claims that Team KarJenner went to great lengths to do this Spinning Web of Lies ”, including the invitation Forbes into their villas and CPA offices and even preparing tax returns for the period between 2016 and 2018 that were likely to have been faked. And “Although we cannot prove that these documents were falsified (although it is likely), it is clear that Kylie’s camp lied.” (That is why Jenner wrote in her tweets: “Even creating tax returns that were likely to be forged” is your evidence? So you just thought they were forged? Like what I read. “)” Data-reactid = “39”> The report claims that the KarJenner team has made great efforts to spin the web of lies, ”including the invitation Forbes into their villas and CPA offices and even preparing tax returns for the period between 2016 and 2018 that were likely to have been faked. And “Although we cannot prove that these documents were falsified (although it is likely), it is clear that Kylie’s camp lied.” (That’s why Jenner wrote in her tweets, “Even creating tax returns that were likely to have been forged,” is your evidence? So you just thought they were forged? Like what I read. “)

The alleged forged documents – which the point of sale did not say were actually submitted to the IRS and were only shown to its reporters – showed that Jenner’s business was in the range of $ 307 million (2016) to $ 330 million (2017) has been. According to Forbes, real numbers are $ 125 million in 2018, $ 177 million in 2017, and not an exact number for 2016, but less than reported. Even the $ 340 million from the Coty deal would not have made them a billionaire.

Jenner’s representative also said her skin care line, launched in 2019, had earned more than $ 100 million in the first month, but Forbes says sales for the year are $ 25 million.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "And while Jenner said she didn't want that in the first place the news agency claims Jenners publicists have worked to "get one." Forbes Cover for Kylie ”, starting in 2016. And she definitely celebrated when it was awarded to her.” Data-reactid = “44”> And while Jenner said she didn’t want the title at all, the Jenners news agency claims campaigned for “getting one Forbes Cover for Kylie ”, from 2016. And she definitely celebrated it when it was awarded to her.

Her Instagram post showed the cover and she wrote: “Wow. I can’t believe I’m going to publish my own @ Forbes cover, ”she wrote at the time. “Thanks for this article and recognition. I am so blessed to do what I love every day. I couldn’t have made that up! “

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With the new information, Forbes says Jenner is Not a billionaire. Although she’s anything but broke with a recalculated net worth of just under $ 900 million. “Data-reactid =” 48 “> With the new information, Forbes says Jenner is Not a billionaire. Although she’s anything but broke with a recalculated net worth of just under $ 900 million.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "And it remains unknown whether it will ever get up to Billionaire brand after selling 51 percent of its business to Coty, the Forbes Inventory has dropped 60 percent, according to the data business with Jenner. “data-reactid =” 49 “> And it is not known if she will ever hit the billionaire mark after selling 51 percent of her business to Coty, which Forbes According to Notes, inventory has dropped 60 percent since the deal with Jenner got stuck for the first time.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The KarJenners did not leave a comment Forbes for history. Yahoo has made several attempts to get a comment from Jenner, Kris, and their teams, and will update this story if one is provided. “Data-reactid =” 50 “> The KarJenners didn’t leave a comment Forbes for history. Yahoo has made several attempts to get a comment from Jenner, Kris, and their teams, and will update this story if one is made available.

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more from Yahoo Entertainment:“data-reactid =” 51 “>Read more from Yahoo Entertainment:

Previous

Party goers at Lake of Ozarks in Missouri positive for COVID-19

3 dividend stocks with “strong buy” and a yield of at least 9%

Next

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.