Home Entertainment Financial lie: isn't Kylie Jenner a billionaire?

Financial lie: isn’t Kylie Jenner a billionaire?

Isn’t Kylie Jenner (22) as rich as she thought? The Keeping up with the Kardashians star founded his own company at the age of just 18 and has been marketing cosmetic products ever since. The mark Kylie Cosmetics also seems to bring a lot of profit: At the beginning of last year, Kylie chosen by the business magazine Forbes as the youngest self-made billionaire in the world. But now it is said that she shouldn’t have that much money at all.

Forbes now claims that Kylie is not a billionaire at all. The 22-year-old sold 51 percent of her company to Coty in January. After deductions, about a third of the $ 1.2 billion sale went into her pocket. Nevertheless, according to new calculations, their assets are “only” 900 million dollars: Because the company documents published in the last six months would show that her beauty empire is much smaller than previously thought. The magazine wrote: “Revenue increased 40 percent compared to 2018, which means the company generated about $ 125 million this year.” However, reality awareness for Forbes gave a total of 360 million.

The comedian started in July 2018 The Fat Jew (38) even launched a campaign to get Kylie closer to her billionaire title. At the time, he wanted to raise $ 100 million via the crowdfunding platform GoFundMe. However, the concept did not work.

Entrepreneur Kylie Jenner
Kylie Jenner in May 2020
Kylie Jenner, reality star


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