By Reuters
Money & Careers
The magazine said it reviewed financial data released by Coty Inc, which
bought a 51 percent stake in Jenner’s Kylie Cosmetics company in 2019
Forbes magazine, which in March 2019 declared reality TV star Kylie
Jenner had become the world’s youngest self-made billionaire, said on
Friday that it no longer believed that her net worth was that much.
Kylie Jenner attends the Vanity Fair Oscar party
in Beverly Hills during the 92nd Academy Awards, in Los Angeles,
California, US, February 9, 2020. [REUTERS]
The magazine said it reviewed financial data released by Coty Inc, which
bought a 51 percent stake
in Jenner’s Kylie Cosmetics company in
November 2019.
Those financial filings show “Kylie’s business is significantly smaller,
and less profitable, than the family has spent years leading the
cosmetics industry and media outlets, including Forbes, to believe,” the
magazine said.
Forbes now estimates the net worth of Jenner, 22, at around $900 million.
Writing on Twitter on Friday, Jenner said the recent story was based on
“a number of inaccurate statements and unproven assumptions.”
“What am I even waking up to. I thought this was a reputable site,” she wrote.
Jenner, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie
Cosmetics in 2016 with $29 lip kits containing matching lipstick and
lip liner.
She first grabbed the spotlight in the “Keeping Up with the Kardashians”
reality TV show she starred in with her mother and siblings.
In her Twitter postings on Friday, Jenner said she was “blessed beyond
my years, I have a beautiful daughter, and a successful business and I’m
doing perfectly fine.”
“I can name a list of 100 things more important right now than fixating on how much money I have,” she added.
No comments :
Post a Comment