Forbes: Kylie Jenner faked being a billionaire, forged tax returns

[Gagaloo911 12,959]

Clowns. The whole family.

[Supersonic 49,376]

6 minutes ago, MonsterPaws said:

Did Kylie/ Kylie Cosmetics ever officially claim her being a billionaire?

I thought Forbes exaggerated for clickbait/because it's catchy and it just caught on as a joke 

They did. Kylie and her family fed Forbes inaccurate numbers about her profit margins and revenues in the previous years so that Forbes could come to the conclusion that Kylie Cosmetics could be a billion dollar company.

They claimed they had a profit margin of 44% (in reality they have below 25%), their skin care line was claimed to have made $100M in revenue, when it actually only crossed $25M, their 2017 revenue was claimed to have been $307M, but when she sold Kylie Cosmetics to Coty, the contract stated that the 2019 revenues were only $177M. So either way their revenue SHRUNK by almost half in only two years of business (which is unlikely), or they had reported fake numbers right from the getgo to seem more profitable.

[Ryusei 61,110]

Where are all the: Lay off, jealous haters she's a billionaire people now? 

[Regina George 59,387]

[ToxicHot 6,444]

This is just...... sad. On so many levels.   What an embarrassment. 

[JusKeepBreathin 19,311]

[weed 74,261]

2 minutes ago, Ryusei said:

Where are all the: Lay off, jealous haters she's a billionaire people now? 

Lay off jealous haters!! she's still a hundred-millionaire!! so what if she pretended to have more, wouldn't you!!! 

[Guest Adarsh]

They read them to FILTH omg 

[mikedu24 706]

After reading the article . I still see her worth being mentioned as 900 million . So now I’m confused about the article .

[dit 46,518]

it was EXTREMELY obvious and i am glad Forbes is calling it out. Forbes was a mess for even publicating that obvious lie. At most I think her cosmetic brand is worth 200M which would be enormous already. No need for her and her family to inflate that already huge success. 

[Defmix100 6,411]

13 minutes ago, Supersonic said:

They did. Kylie and her family fed Forbes inaccurate numbers about her profit margins and revenues in the previous years so that Forbes could come to the conclusion that Kylie Cosmetics could be a billion dollar company.

They claimed they had a profit margin of 44% (in reality they have below 25%), their skin care line was claimed to have made $100M in revenue, when it actually only crossed $25M, their 2017 revenue was claimed to have been $307M, but when she sold Kylie Cosmetics to Coty, the contract stated that the 2019 revenues were only $177M. So either way their revenue SHRUNK by almost half in only two years of business (which is unlikely), or they had reported fake numbers right from the getgo to seem more profitable.

is that illegal? Couldn't it be classed as misleading shareholders/stock market?

[KURUSHITOVSKA 20,451]

What a family of frauds. I can't wait to see them being cancelled

[Fanta 5,019]

Y'all had to admit it at some point, what billionaire still does Instagram ads 

[Red 98,200]

NNNNNNNNNNNNNN

People fought for months over if she deserved to be a billionaire or not when she wasn't even a billionaire to begin with  

[RenegAde 19,498]

Wait so it took Forbes 5 years to realise that an article they themselves put out was a lie?

Something is not adding up