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Why Kylie Jenner Is No Longer A Billionaire – Forbes

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Why Kylie Jenner Is No Longer A Billionaire - Forbes

She is a liar, Forbes slams the Youngest of Kardashian-Jenner family for lying to it to earn her billionaire status. The 22-year-old American Reality TV star, Kylie Jenner is no longer a billionaire, Forbes is reporting.

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She was named last year by Forbes as “The Youngest Self-Made Billionaire Ever.” Jenner had made millions from her company, Kylie Cosmetics, which she later sold a 51% stake to the beauty company Coty in a deal that valued her company at $1.2 billion.

But Forbes is now reporting that Jenner and her mother, Kris Jenner, inflated their wealth in documents they provided to the publication. “It’s clear that Kylie’s camp has been lying,” Forbes reported.

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Among a list of discrepancies, the publication said the Jenners had previously told them Kylie’s cosmetics company had $360 million in sales in 2018, but a Coty presentation showed revenues were actually closer to $125 million that year.

In addition to the adjusted estimates for Kylie Cosmetics’ revenues, Forbes accounted for the impact of the coronavirus pandemic on cosmetics companies, as Kylie still owns part of the company.

Kyler however, have reacted to the claims.

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Celebrity Gossips

Kanye West Announce Running For President 2020

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Kanye West Announce Running For President 2020

Ye has revealed his 2020 presidential plan after meeting with his associate Elon Musk who supported his intention.

American legendary rapper and a business mogul, Kanye West announce his intention for running on the forthcoming presidential election.

On the celebration of “June 4th” by the American citizens, Ye took it to his official twitter handle with a caption “#2020Vision” and his associates, Elon musk endorses him.

Earlier last week, Kanye West released a new anthem tagged “Wash Us In The Blood” featuring Travis Scott off his incoming album “God’s Country” which will be due this month.

However, his wife, Kim Kardashian has peaked on billionaire status in some related news, Ye also revealed this while showering her wife with birthday messages with love.

Kanye West President 2020! Kanye West President 2020!! Fans chant on twitter, what’s your though??

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Mr. P Of Defunct P-square Duo, Family Test Positive For Covid-19

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Mr P P-square is Covid-19 positive making him first Nigeria artist to suffer the virus

Mr P is Covid-19 positive becoming the first Nigeria artist to suffer the virus after Davido’s fiance got hit by the global epidemic.

The CEO of Zoom Lifestyle, Peter Okoye better known by his stage name, Mr. P and family has tested positive for the novel virus.

The formal P-square duo Mr. P who got separated from his twin brother over undisclosed issue reveal this through his verified instagram page.

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“My wife, my daughter and myself were Covid positive,” post read. Watch video below.

 

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Mr P from the ex-Psquare duo is Covid-19 positive becoming the first Nigeria artist to suffer the virus

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Hushpuppi To Be Deported To Nigeria — FBI

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Hushpuppi Arrest case To Be Deported To Nigeria FBI

The billionaire gucci master, Hushpuppi arrest came as a shock to his colleague as his instagram follower was reportedly reduced in less than 24 hours.

International Police (INTERPOL) Nigeria and Federal Bureau of Investigation (FBI), has confirmed the arrest of Raymond Igbalode a.k.a. Hushpuppi in Dubai.

Rumor of Hushpuppi arrest first hit the internet in the early hours of Wednesday, June 10, 2020. Commissioner of Police (CP) INTERPOL, Garba Umar, has now confirmed his arrest.

In a chat with TheNation, he said: “It is true that Hushpuppi was arrested by the INTERPOL. We are currently working on bringing him to Nigeria to face charges of fraud.

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Some of the offences were committed here in Nigeria and he has to answer for them. He is not alone in it; there are accomplices in the country who we are currently on their trail.”

According to reports, Hushpuppi and his accomplices in Nigeria, Dubai and other countries allegedly defrauded the U.S of over $100 million Covid Relief Funds meant for Americans in the battle against the economic impact coronavirus pandemic.

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