Forbes dropped their Kylie Jenner exposé last Friday – by Forbes’ estimates, using new data from Coty’s financial disclosures, they claimed that Kylie and Kris Jenner were lying about Kylie Cosmetics’ profits and size for years. Forbes didn’t claim that Kylie lied to the IRS or anything (or at least not to anyone’s knowledge). No, Forbes just says that the documentation provided to them by Jenners was always suspect, especially now that they’re seeing the real numbers from Coty’s filings. They suggest that the Jenners have been forging documents to overhype KC’s profits for years in the hopes of hooking a big payday. And they got one with Coty. But the difference is that Kylie is downgraded to “just” being worth $900 million and not $1.2 billion. Whatever. But what’s up with Kylie and Kris?
Kylie Jenner is furious with her mom Kris over claims she lied about the beauty mogul’s $1billion fortune. Sources told The Sun the 22-year-old is refusing to take the momager’s calls after Forbes claimed she may have forged tax filings.
An insider said: “Kris – who reportedly gets ten percent of Kylie’s deals – is in panic mode. Kylie won’t answer the phone for Kris and is at a loss over who to trust.” The source added: “Kris is petrified Kylie could sack her or cut her off so tensions are at an all-time high.”
I don’t think Kylie is some financial genius, but I bet she had some knowledge of what Kris was doing. So this Sun story seemed false to me, and then a “source” went to Entertainment Tonight with these quotes: “Kris and Kylie are best friends and there is no issue between them over the Forbes’ article. At the end of the day Kylie just wants people to stop focusing on how much money she has. The article was written by Forbes and they were given proof of everything. This whole thing seems to be a clickbait attempt for Forbes.” Clickbait attempt? Like Forbes is suddenly Perez Hilton or something. As for Kris and Kylie being “best friends,” it sounds like the source’s name rhymes with Bris Benner.
And finally, there’s all of this reporting about how Kylie has been spending money like a drunken sailor in the past year, dropping $130 million on sh-t like… real estate and a top-level private jet. Um… real estate is a smart investment in California. The LA real estate market is famously bonkers. Oh, and she bought a home in Palm Springs too, another area with a booming real estate market. Kylie doesn’t need a $60 million jet, and it’s no investment, but hell, if I had $900 million, I would buy a jet too. I would just get a smaller one. I don’t know… Kylie is spending too much money, for sure, but also… these aren’t the traditional “bad investments” of a 22-year-old with money.
Photos courtesy of Instagram.
I have no idea if she’s a billionaire or not but I will say that I’m side-eyeing Forbes right now… her info was always suspect but they rolled out that billionaire piece anyway? Trying to hit those Kardashian sales numbers I suppose. What else are they rolling out that they want to take back six months later?
I wish my only worry was over having only $900million vs. $1.2billion.
Would I spend $60million on a jet? I don’t know. But, I mean, if I had $900, would I spend $60 of it on something frivolous? Probably.
Even $900M to me is still a stretch, i get she is the sole owner with little over heads but something is still fishy. Kim K also has a make up line with all her popularity she doesnt seem to be making such a noise with hers, and even Fenty is not up there with such numbers.
Kim’s nearly 40 and can’t appeal to the young insta crowd like Kylie does
Is she morphing in to Ariana Grande a little?
I was seeing Khloe, but I see Ariana now too.
This family represents so many things that are wrong in the society – greed, grotesque consumerism, dishonesty, everything plastic, relentless self promotion. They are just abhorrent. Now with the virus economy and virus everything they seem so dated, like they “happened” a century ago.
1.2 billion
30 bucks a lip kit
Did she really sell 40 million lip kits?
I buy a lot of makeup. I love spending money on it…. Heaps and I still can’t bring myself to pay 30 $ for something I can pay 6 buck for (same manufacturing company seed for colorpop)
She is definitely kicking ass on the real estate investment side! Gotta give her that!
I don’t know how many lip kits she sold but I am not sure she sold 40 millions of them. People tend to think she sells a lot because they are quickly sold out – but I just don’t think they produce that many. I still think she earned quite a lot of money from the sale of her brand.
That + the money she’s earned from KUTW since she was a child + product endorsements and you get where the money comes from.
ET is notorious for being a pr outlet. Very little independent reporting on that site. Not that I hate them but I do use my brain when I read what they have to say
So much to eye roll here but I’ll pick on this: At the end of the day Kylie just wants people to stop focusing on how much money she has.
Girl, please. Stop posing on mags, stop flaunting your wealth all over insta, stop bragging about how much money you have. It’s disgusting on so many levels. The K-J’s are kancelled!
All I see are sad, dead eyes. Every photo.
Kylie please stop with the photoshop and filters. She has a pic where she tried to morph into Beyonce and now Ariana. Just f*cking stop it. We know what you really look like. Be happy with what you have !