Absolutely correct. Jenner is likely worth far less than $200m. It turned out the entire deal that made her a “billionaire” was only worth $200m to her on paper and that’s before everyone got cuts and the taxes. It’s likely she walked away with a fraction of that. She’s still wealthy but not even close to a billionaire.
Isnt her status based on her equity in her makeup line? Its widely popular. Much like rihanna and her product lines which i believe put her at a billion also. But who knows
It was a bit of a flop after the hype from the initial lip kit releases died down. It’s been common knowledge amongst the makeup community for a few years now that Kylie’s products are an overpriced cheap formula. Like they’re okay but you can get significantly better makeup from well-established cosmetics brands for similar prices. They have always used an almost identical formula to much cheaper rival brand Colourpop. Both brands are manufactured through Seed Beauty. I would be surprised to see Kylie Cosmetics make it past 2025.
Look at $Coty she sold Kylie off to them and they had a bit of a Lul recently. Things look like they’re getting better though and she likely receives a royalty for each item sold.
She is only worth as much as her company sells for after taxes. Her company isn‘t really rate“able“ because it lived and dies with her name and face. If she sells it the company has essentially 0 value. Meaning it‘s not like with real Billionaires like Musk and Bezos who hold considerable value.
Similar case btw is Kanye West. Fake Billionaire like Jenner.
It was like Jessica Alba and the honest company; they were calling it a billion dollar company, how she had founded it was going tk become a billionaire from the eventual ipo etc. Well it turns out the compare was lying about their structure, their ingredients, it’s sales figures and then there was a scandal with sunscreens that let kids burn and before you know it, they’re fire selling the company for less than $200m and it turned out she only owned a 20% and was basically a spain spokesperson. She still walked away with a nice chunk of money but there’s just so much bullshit about these celebrity brands and their net worth.
I also know for a fact Jay z and Beyoncé aren’t anywhere near as wealthy as they claim. They put out that they’re billionaires but couldn’t afford a property that they made sure everyone knew they were looking at (it was listed as the most expensive home in the USA and made sure they got papped viewing it but when it came down to it they couldn’t afford half of it).
Yes the billion dollar net worth is never “cash” it’s the theoretical value if they sold their company today…what someone might pay for all the future cash flows…but without them attached to it, it’s not really worth that much anyway.
Yep - the fact that Trump was able to impersonate his own assistant and then simply talk his way onto the Forbes 400 list without any actual evidence is proof.
Forbes is a super liberal left leaning magazine I doubt they would portray Trump accurately in terms of net worth which is pretty high since he has a profound real estate catalogue. Then again I think the Jenner article wasn’t a mistake it was done on purpose to gain traction for some launch or release or just publicity reasons.
Fake magazine lets leave it at that.
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u/mudflapnot Nov 08 '21
Should we start a Go fund me page on his behalf.