E! Keeping Up With The Kardashians Spoilers tease that Kylie Jenner, famed daughter of Bruce Jenner and Kris Kardashian, has slipped up bigtime. Remember how a couple of years ago she was dubbed a self-made billionaire by Forbes Magazine? Well it looks like she may have fudged the paperwork just a little bit! Forbes isn’t saying that she did anything that was actually illegal, but according to them, she lied to Forbes themselves. Her actual earnings were around $41 million, which is still impressive for someone who’s what, barely into her 20’s? But then Mama got involved, and Mama pulled some numbers that she claimed that Kylie actually made, which totaled $300 million in a year, and that’s when the signed tax returns that Kylie had signed were brought in and that is when people started believing this whole story about Kylie being a “self-made billionaire”.
How did this get discovered? Recently, Kylie Jenner sold 51% of her company to Coty cosmetics and while Forbes themselves were always kind of suspicious, I guess they just kind of let things slide but Coty Cosmetics did their due diligence because they ponied up $600 million to the tune of 51% interest in the company and they wanted to make sure that they got their money’s worth. After all the checks were signed, Coty realized that they had been had because that’s when they started releasing the real numbers about what Kylie actually made, which looks to be about $125 million for just the cosmetics. For the skincare line that she launched, which was originally estimated to bring in about $100 million, it was now estimated to be at about $25 million. It looks like Kylie Cosmetics is a significantly smaller and less profitable company than the Kardashians would actually have you believe.
E! Keeping Up With The Kardashians Spoilers: Why Lie, Kylie?
It’s not like Kylie did bad or anything, she’s just not a billionaire. Overall, even with the sale to Coty Cosmetics, Kylie Jenner’s actual worth is just about $900 million. Close but no cigar. Forbes is not claiming that Kyle falsified any government documents (and for that matter, neither are we) but they are saying that she falsified records to them in particular. After some poking, Forbes got the real numbers from Coty investors, and they even said that the controlling interest in the company was an entity called KMJ Trust, not Kylie or Coty, and that when Forbes pried to know more the family who’s normally big on spilling everything stopped answering questions. Silence is worth a thousand words, eh Kylie? Or should I say Kris? Because from where I stand it looks like Kris did a lot of behind the scenes things here.
I get it, she’s a Mom, and Moms want their children to be successful. Especially self-proclaimed Momager like Kris Jenner. Kylie herself tweeted out, “What am I even waking up to? I thought this was a reputable site. All I see is a number of inaccurate statements and unproven assumptions, lol. I’ve never asked for any title or tried to lie my way there EVER. period.” and “ ‘Even creating tax returns that were likely forged.’ so that’s your proof? You just THOUGHT they were forged? Like actually what am I reading?” she then went on to say that she could name 100 things more important right now than focusing on how much money she had. Which, you know, she has a point, at the end of the day it is just money… but… why lie about it to Forbes? If you didn’t make a billion dollars, so be it? That doesn’t mean that you’re not still successful!
Do I believe that Kylie knew about all of the numbers? No, not really. Because Kris was involved, and of course Kylie is going to trust her Mom to ‘fix’ things when they’re not right. It’s what all kids do, and right now, even though she’s a Mom herself, Kylie is still what I would consider a kid. So while I don’t think she did the actual pulling of the numbers, I think she may have cried to Mom to get things fixed. I don’t think we can fault her for crying to Mom, but we can fault Kris for going in there and fixing things and not letting Kylie just gradually make a billion dollars herself. Would have looked a lot better in the long run, but… money corrupts. So what’s the real story here? Stay tuned!!! For any other soap opera and entertainment news, please visit Daily Soap Dish. For more royal and celeb baby news, come back to Celeb Baby Laundry.