Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash-outs of all time. But the deal’s fine print reveals that she has been inflating the size and success of her business. For years.
According to , Kylie Jenner , the self-made makeup mogul is no longer a billionaire- Are you shocked!
Recall In 2019, Forbes declared Kylie had dethroned Facebook’s Mark Zuckerberg, . The publication also placed her on the cover of their 2018 publication under the headline: ‘ ’.
And even in 2020, .
From their findings, they learned Kylie sold 51 per cent of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion in January.
And Forbes now thinks that Kylie, “even after pocketing an estimated $340 million after-tax from the sale, is not a billionaire”.
Read up the full story @ https://www.forbes.com/sites/chasewithorn/2020/05/29/inside-kylie-jennerss-web-of-lies-and-why-shes-no-longer-a-billionaire/#2637ac8825f7