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Celebrities…they’re not just like us. Not unless you allegedly forged your way to billionaire status on the Forbes list that is.
In a scathing revelation, Forbes posted a seeming exposé of 22-year old beauty mogul Kylie Jenner, dethroning her from her previous billionaire status. Forbes, a publication well-known for their wealth rankings of sorts, is known to do their due diligence when coming up with their numbers so an about face of this sort is surprisingly on many levels (Forbes had previously touted Kylie as the youngest self-made billionaire ever on in a March 2019 cover story).
A Billionaire Empire
Why the sudden change of heart? According to the article, filings released by Coty, the company that acquired a 51% stake in Kylie Cosmetics (Kylie’s brand which had largely helped sky-rocket her to apparent billionaire status) in a $600 million deal last year, appear to show that Kylie’s business is significantly smaller than the Kardashian-Jenner clan wants you to think and that it’s also less profitable than previously thought.
So how did Kris Jenner, the matriarch and business machine of the clan, manage to convince Forbes, among other reputable...