May 31. 2020

Kylie Jenner

In the March 29, 2019 article "Elizabeth Holmes Should Be Sent To Prison Over $750 Million Theranos Blood Testing Scam That Endangered Public Health" I stated "Fortune and Forbes, who greatly exaggerating people's net worth and that of companies, they valued Theranos at $9 billion dollars. They also proclaimed Holmes the youngest self-made female billionaire in the world (like another thieving, frequently sued fraud, who will soon be exposed, Kylie Jenner)."

In the May 29, 2019 article "Kylie Jenner And Rihanna Continue To Dispense Fraudulent Beauty Advice After Spending A Fortune On Plastic Surgery" I stated "Jenner has been sued for copyright infringement by different people in separate legal actions. She claims she is a self-made billionaire (she does not have that money in the bank, as it is a projected estimate of what they hope sales will be over time), when everything she has put out has been stolen from preexisting copyrighted products."

This week Forbes magazine has retracted their story proclaiming Kylie Jenner is a billionaire, which confirms what I've stated from the beginning when the story began to circulate in 2019. Forbes revealed in their retraction this week:

"When we visited Kylie Jenner in 2018, she claimed her cosmetics company was on track to sell more than $300 million in makeup that year. In reality? It only did $125 million. “Kylie is a modern-day icon, with an incredible sense of the beauty consumer,” Coty chairman Peter Harf gushed when announcing the acquisition in November.

But in the deal’s fine print, a less flattering truth emerged. Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: 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.

Of course, white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of “famous for being famous.” But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer."

The fact of the matter is none of the crazies in Hollywood like Kylie Jenner, Kanye West, Madonna, Jay Z, Beyonce and Rihanna, who've all claimed they are billionaires, are actually so. They are nowhere near billionaires. Not even with all their income and assets combined. They are liars, not to mention idiots.

They go around stealing intellectual property from people. They slap their names on products they've stole from other people and collect money for committing these felonious crimes of copyright infringement and conversion. Then they call up Forbes and Fortune, patting themselves on the back, while falsely claiming they are billionaires and demanding stories be published stating these lies.

Only psychopathic criminals do such things. They are tainting history books (Guinness World Book of Records, and Billboard magazine charts, among other publications) and damaging the credibility of many companies with their deranged, fraudulent behavior, in trying to cover the fact they are underachieving, thieving idiots. They are headed for disaster, as they're on a collision course with the legislature

The only real billionaires in the entertainment industry in America are people such as George Lucas and Steven Spielberg, among a handful of others. To be a true billionaire you also have to earn well in excess of a billion dollars (as taxes and other fees will be deducted from the money within months).

STORY SOURCE

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.

More than a decade into their fame, the Kardashian-Jenners tend to induce eye rolls and sighs among jaded media consumers. But when it comes to their wealth, even critics of reality TV’s first family are intrigued; the Kardashian-Jenner machine—and the cash it generates—has been the subject of articles, podcasts, even books. But no one cares more about the topic than the family itself, which has spent years fighting Forbes for higher spots on our annual wealth and celebrity earnings lists.

So when the youngest of the clan, Kylie Jenner, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family. One of the greatest celebrity cash-outs of all time, the transaction seemed to confirm what Kylie had been saying all along and what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire—at least before the coronavirus.

When we visited Kylie Jenner in 2018, she claimed her cosmetics company was on track to sell more than $300 million in makeup that year. In reality? It only did $125 million. “Kylie is a modern-day icon, with an incredible sense of the beauty consumer,” Coty chairman Peter Harf gushed when announcing the acquisition in November.

But in the deal’s fine print, a less flattering truth emerged. Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: 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.

Of course, white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of “famous for being famous.” But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer...

https://www.forbes.com

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