Kapanlagi.com - Forbes has caused a stir with their latest article titled 'Inside Kylie Jenner's Web of Lies and Why She's No Longer a Billionaire'. In it, they claim that Kylie Jenner has been lying about her financial data and wealth.
In the article released on Friday (29/5), Forbes explains that Kylie Jenner's business, Kylie Cosmetics, has not been as successful as others may think. The earnings from her ex-boyfriend Travis Scott's business have not even reached $1 billion, which is why she is not deserving of the billionaire title.
In a detailed report, Forbes claims that Kylie and her family intentionally inflated her business and success. Not only that, Kylie is also said to have manipulated tax numbers and data during last year's research.
Forbes
This Forbes claim refers to a report from Coty, the beauty company that purchased 51 percent of Kylie Cosmetics shares in January. It was revealed there that Kylie Jenner's business is experiencing a deficit, where expenses are greater than income.
They wrote, "According to Coty, revenue for the 12 months before their agreement was $177 million, which is actually much lower than estimated. Furthermore, Coty mentioned that sales (of Kylie Cosmetics) increased by 40 percent from 2018. This means that the business only generated $125 million that year, far from the $360 million figure claimed by Jenner that made Forbes believe."
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twitter.com/kyliejenner
Upon realizing the article, Kylie immediately expressed her anger on Twitter. The star of Life of Kylie wrote, "Just woke up and already received this news. I thought he (Forbes) was a trustworthy site. All the numbers I see are based on inaccurate data and unproven assumptions. I never asked for any title or tried to lie, EVER. Period."
"Okay, I am truly blessed beyond my age. I also have a beautiful daughter and a successful business, I am fine. I can write 100 other things that are more important than having to justify how much money I have now," she concluded.
(for/sry)
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