About: http://data.cimple.eu/news-article/e21e9782f3009b5f71e5de871882755acee959e2d8f3c8e19fded3cc

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About: http://data.cimple.eu/news-article/e21e9782f3009b5f71e5de871882755acee959e2d8f3c8e19fded3cc Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Kylie Jenner isn't a billionaire after all, Forbes magazine said Friday as it accused the reality TV star's family of "inflating the value of her cosmetics business for years." Forbes declared the 22-year-old a billionaire in March 2019 owing to the popularity of her Kylie Cosmetics brand but has removed her from their list, citing new information. Jenner sold a 51 percent stake in her brand to beauty giant Coty in January for $600 million in a deal that valued the company at $1.2 billion. Forbes said in an article published on its website that the fine print of the deal reveals that the business is "significantly smaller and less profitable" than they were led to believe. It also accused the famous family, of which Kylie is the youngest member, of creating tax returns that were "likely forged. "(The) unusual lengths to which the Jenners have been willing to go... reveals just how desperate some of the ultra-rich are to look even richer," the magazine wrote. It said the new information and the impact of COVID-19 on beauty sales led them to believe she is not a billionaire, even although she pocketed an estimated $340 million after taxes from the sale. She's not far off though: Forbes estimates that Jenner's personal fortune is just under $900 million. Jenner hit back at the magazine on Twitter, accusing it of "a number of inaccurate statements and unproven assumptions." "I've never asked for any title or tried to lie my way there EVER. period," she wrote. pdh/acb
schema:headline	Forbes drops Kylie Jenner from billionaires list
schema:mentions	Kylie Jenner Cosmetics Kendall Jenner Reality television Forbes Billionaire Twitter Severe acute respiratory syndrome coronavirus 2 Jenners Kylie Cosmetics Length Cricket Australia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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