Kylie Jenner has been dominating the quarantine on social media. She's torn down Instagram and even made appearances on TikTok:
It was almost going too well for her. You know what they say, the quarantine gets you eventually....
SOURCE-So when the youngest of the clan, Kylie Jenner, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family. One of the greatest celebrity cashouts of all time, the transaction seemed to confirm what Kylie had been saying all along and what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire—at least before the coronavirus.
P.s. Kylie is only 22. She sold a company for a billion dollars at 22. I know she wasn't working 18 hour days or anything like that, but god damn.
the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer.
Kris Jenner opening up their CPA's office? Baller ass move.
Based on this new information—plus the impact of COVID-19 on beauty stocks and consumer spending—Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after tax from the sale, is not a billionaire.
Oh no!!!! They are stripping her billionaire status?!? Life is not fair.
After speaking with a handful of analysts and industry experts who also found the Jenners’ claims implausible, we settled on a more reasonable estimate for our 2017 Celebrity 100 list: $41 million in overall earnings for Kylie, good for the No. 59 spot. Kris was “so frustrated,” the Jenners’ PR flack shot back. “We’ve done so much.”
Hahahahha imagine being mad that your 19-year-old daughter was reported to make just $41 million dollars. Kris Jenner can't stop, won't stop.
More likely: The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice Forbes’ estimates of Kylie’s earnings and net worth. While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying.
Teflon Kris Jenner out here forging numbers on tax returns to make sure her 22-year-old daughter is labled a billionaire instead of a hundred millionaire. Our GOATs are not the same.
Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire. A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status.
As I was writing this blog, Kylie Jenner has responded on Twitter:
Love Kylie saying she cares about a 100 other things than how much money she has after she just finished up tweeting about how much money she has. Big brain stuff.