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.