Then November last year, kylie made a business move, which would eventually cost her the billionaire status she was barely clinging to. If you could remember, Kylie had sold 51% of her company to cosmetic giant Coty late 2019 for a reported amount of $1.2billion, and we were skeptical if she had made a right business move then.
Now report is reaching us again from Forbes who gave her the youngest self made billionaire title, that Kylie Jenner's actual worth may have been overestimated after she sold a huge chunk of her cosmetic company to Coty.
According to Forbes, Kylie actually got $340million instead of the $1.2billion she supposedly got from Coty for her company.
A financial analyst Stephanie Wissink says the Kardashians are fond of oversizing anything they do.
Now i'll ask again. Do you still think Kylie made a smart move selling her company? She could have probably defended her youngest self made billionaire title, if she hadn't sold a huge chunk of her company.
What do you think? Leave a comment below.
Too bad,she should have stuck with her company and build it on her own. She wanted the easy way out I guess. Now she's crashed.ReplyDelete
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