[Blind Gossip] Some celebrities love to lie about money.
This girl is one of them.
Our TV celebrity is part of a famous family. She claims to have scored big on the sale of her brand.
The numbers were a lie.
So what was she paid for?
The important thing to know is that they refused to buy the brand unless she gave up controlling interest. She is completely incapable of running a company.
She was paid for the brand name and will get paid going forward to promote the brand and do photo ops.
The only way she will make big money is if they can save the brand and make it profitable.
It sounds like tales of her extreme wealth have been highly exaggerated.
The thinking must be that if she repeats the financial lie often enough… people will start to believe it!
Similar: Back Door Money
[Optional] Do you consider her to be self-made?
Celebrity: Kylie Jenner
Remember when Forbes put Kylie Jenner on their cover and declared that she was a self-made billionaire?
Ha ha ha.
Your friends at Blind Gossip told you that was a lie.
Now Forbes – yes, the same magazine – has admitted that the whole billionaire status claim was a lie.
In fact, it turns out that Kylie Jenner and Kris Jenner submitted bogus documents and tax returns to Forbes!
Their intent was to trick Forbes into putting Kylie Jenner on the cover and declare that Kylie was the youngest self-made billionaire of all time.
However, Kylie Jenner is not a billionaire.
Kylie Jenner never was a billionaire.
Inside Kylie Jenner’s Web Of Lies – And Why She’s No Longer A Billionaire
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.
… 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…
… 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.
The very formation of Kylie’s cosmetic company was based on a lie. Check out Kylie’s lips in the photos below.
I’ve never used lip fillers! My lips are natural! Riiight.
Kylie’s business began as a way to cash in on a minor scandal. The youngest of the family, she spent more than a year denying tabloid speculation that she was using lip filler injections before eventually finally fessing up to it in May 2015. Far from embarrassed about being caught in a lie, she—and her shrewd mother, Kris—seized it as a marketing opportunity.
Kylie launched her first batch of 15,000 lip kits, consisting of a lip liner and matching lipstick, in November 2015. Thanks to clever Instagram marketing, the $29 kits were gone in less than a minute.
The financial lies about Kylie Jenner trace back to 2016, when Forbes gave Kim Kardashian the cover.
Kris Jenner wanted Forbes to give Kylie Jenner her own cover.
So she made stuff up.
Kris Jenner claimed that Kylie Jenner’s new cosmetics company had made $400 million and that Kylie Jenner herself had taken home $250 million.
Then Forbes was shown official “books” claiming that the numbers were actually $307 million and $100 million.
Kylie’s earnings were probably closer to $41 million. A huge amount of money… but nowhere near $250 million Kris Jenner had originally claimed!
A few months after her sister Kim Kardashian West scored a Forbes cover in July 2016, Jenner publicists began a campaign to “get a Forbes cover for Kylie.”
Revenues were $400 million over the business’ first 18 months, they said, with a personal take-home of $250 million for Kylie.
Pressed for proof, they opened up their books.
During meetings at Kris Jenner’s palatial Hidden Hills, Calif. estate and the family accountant’s office nearby, Forbes was shown tax returns detailing $307 million in 2016 revenues and personal income of more than $110 million for Kylie that year.
It would have been enough to put her at number two on the Celebrity 100 list, behind Taylor Swift, the accountant was quick to point out.
But the documents, despite looking authentic and bearing Kylie Jenner’s signature, weren’t exactly convincing since the story they told, of ecommerce brand Kylie Cosmetics growing from nothing to $300 million in sales in a single year, was hard to believe.
After speaking with a handful of analysts and industry experts who also found the Jenners’ claims implausible, we settled on a more reasonable estimate for our 2017 Celebrity 100 list: $41 million in overall earnings for Kylie, good for the No. 59 spot. Kris was “so frustrated,” the Jenners’ PR flack shot back. “We’ve done so much.”
Yes. We’ve done so much work lying, forging, and cooking the books that we can’t believe you didn’t fall for it!
You should note that Kylie’s signature was on these documents. That seems to indicate that Kris Jenner lied… and Kylie Jenner signed off on the lies. Kylie Jenner is probably not the innocent victim of her mother’s lies manipulations. She is in on all the lies, as long as it benefits her!
The Kardashian Jenner “family accountant” is also clearly a scamming liar.
IRS, take note. AICPA Ethics Committee, take note.
We’ve told you before that the Kardashians will do anything for publicity. You think that the Kardashians are a family. The Kardashians are actually a completely manufactured business enterprise (see The Third Shoe for details).
Anyway, back to our story.
Although she failed in 2016, Kris Jenner was still determined to get Kylie Jenner on the cover of Forbes. When Kylie sold her company to Coty, Kris Jenner somehow convinced Forbes that Kylie Jenner was now the youngest self-made billionaire in history.
This time Forbes fell for it and put Kylie Jenner on the cover.
It was a lie.
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.”…
…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…
… Based on this new information—plus the impact of COVID-19 on beauty stocks and consumer spending—Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after tax from the sale, is not a billionaire.
Yes, Kylie Jenner is rich. But she is not a billionaire. In fact, she never was a billionaire.
Did these lies surprise you? They shouldn’t. The Kardashians and Jenners are the biggest liars in the celebrity world.
All those plastic lies.
All those financial lies.
Congratulations tofor being first with the correct response!
Related: The Third Shoe