Kylie Cosmetics

Kylie Cosmetics CЕО Leaves After Only Six Months

Kylie Jenner had lost the CEO of her cosmetics brand after Forbes accused her of ‘inflating the size of her business for years.’

Christoph Honnefelder, who joined the company in January, has now left for ‘personal reasons.’

Source:forbes.com

The news comes days after Forbes magazine асcused Kylie of exaggerating the success of her business.

Beauty giant Coty – which owns 51 рer cent of the company, announcсed yesterday it was making changes to ‘allow the company to focus on its core prestige and mass beauty businesses.’

The shake-up comes after shares of Coty plummeted 13 percent last month, after Forbes kicked Jenner off its billionaire’s list and аccused her of ‘inflating the value of her cosmetics business for years.’

Source:nydailynews.com

Forbes published the article based on an examination of financial filings after Kylie sold a majority share in her cosmetics company. Jenner sold a 51 рer cent stake in her Kylie Cosmetics brand to Coty in January for $600 million in a deal that valued the company at $1.2billion.

However, Forbes, which had declared her a billionaire in March 2019, said in an article published on its website that it was revealed that the business is ‘significantly smaller and less profitable’ than they were led to believe.

Investors saw Coty’s stock close down 13 percent, to $3.63 a share. So far this year the stock has droррed 67 рer cent. Мeanwhile, Jenner’s beauty brand will now be overseen by Simona Cattaneo, president of luxury brands, the statement said.

The Truth Behind Kylie Jenner’s Money Spending

Kylie Jenner was named “the youngest self- made billionaire ever” by Forbes. How did the American media personality amass her US$1billion fortune? Her cosmetics company, Kylie Cosmetics, is valued at $900 million. According to the Kardashian-Jenner clan’s most recent contract, their reality television show now earns them $30 million per season.

With her new-found billionaire status Kylie is now the most financially successful member of her family. Her older half-sister, Kim, has an estimated net worth of $350 million.

Meanwhile, Kylie’s mother, Kris, has a net worth of $90million.

So how does Kylie spend her money?

 1. Properties

Source:pinterest

In 2016, she bought a 1.4- acre Hidden Hills compound in California, which includes a 1,300- square-foot mansion, for $12 million. Over the past two years, Kylie has bought at least five other properties totaling more than $40 million.

2. Luxury cars

Since receiving a $225,000 black Mercedes-Benz G- Wagon for her 16th birthday, Kylie has amassed a pretty impressive collection of luxury cars.

She was reportedly paid an estimated $10,000 to ‘wrap’ her G-Wagon in an orange covering ‘just for the summer’ to match her $400,000 Lamborgini Aventador.

Source:as.com

Her car collection also includes a maroon G550 4×4 SUV, multiple Ferraris… a black Bentley Bentayga, and a number of Rolls-Royces, each worth six figures.

For her 19th birthday, Kylie bought herself a one-of-a-kind Land Rover for $200,000. As an early birthday present, Kylie bought her mother a Ferrari 488 worth US$250,000.

3. To spoil the people in her life

For boyfriend Travis Scott’s birthday, she rented Six Flags Magic Mountain in Los Angeles, the cost of which starts at $150,000.The birthday festivities continued in Turks and Caicos, where the couple stayed at luxury beach resort Amanyara where luxury suites cost up to $23,538 per night. Kylie has faced criticism for spending a lot of money on her daughter, Stormi. From buying an $820 Gucci baby carrier and $12,500 Fendi baby stroller. During online wardrobe tour, Kylie revealed her impressive bag collection. Her wardrobe includes an entire row of Hermes Birkin bags. She already has a mini Birkin bag picked out to be Stormi’s first purse.

4. To maintain her perfect look

Source:instagram

Kylie’s lavish accessory budget extends to her hair. Kylie is known for transforming her locks with custom-made wigs created by Tokyo Stylez, which can cost up to $5,000 per wig. Her beauty budget includes $30 for her favorite mink eyelashes, $350 spray tanning sessions at Jimmy Coco, and fresh manicures by Britney Tokyo, who charges $125 for a two-hour session and an additional $50 for house calls.

Kylie Jenner Exposed her Real Hair After Weeks in Isolation

The beauty mogul Kylie Jenner took to Instagram on Thursday to share a comforting message to her 170M followers.

The Kylie Cosmetics CEO was sitting on the concrete while modeling a skintight light grey outfit. Her roots were showing after weeks in isolation, and her highlighted locks were let down over her chest. Her makeup was perfectly on point, thanks to her Kylie Cosmetics products. She became an expert makeup artist thanks to years of practicing.

‘Sending out my love and prayers & hoping this will all be over soon,’ the Keeping Up With The Kardashians star captioned the photo.

Source:instagram

The 22-year-old stunner has been trying to do her best to spread awareness about COVID-19 on her platform.

Kylie has already donated $1M of her own money, and Kylie Cosmetics company, along with Coty Inc, has made 6,000 pounds of hand sanitizer for medical workers.

Source:dailymail.co.uk

‘The hand-sanitizers will be donated to the emergency and healthcare workers caring for patients on the front lines of the current COVID-19 public health crisis,’ a representative revealed.

Kylie Jenner Flashes her Curves in Teeny-tiny Red Bikini

A tropical vacation is for sure far out of sight, but Kylie Jenner can at least pretend she is at Cabo at her mother’s luxurious pad in Palm Springs!

The beauty mogul decided to relax by the pool of her Kris Jenner’s $12 million home. She put on a twist-front bikini in a bright red shade.

Before she headed outside, Jenner showed off her bikini body in an Instagram video while opening her new BoxyCharm package.

Source:youtube

BoxyCharm is a beauty box subscription that mails five surprise items each time.

For her, these mystery items were Benefit’s POREfessional Face Primer, an eyeshadow palette, pink lipstick, Battington’s false eyelashes, and also green makeup sponges!

Kylie posted the bikini video on the same day her LASIK Eye surgery aired on Keeping Up with the Kardashians.

Even though the Kylie Cosmetics CEO did not have glasses on in the clip, she revealed that her vision has gotten “progressively worse” after she became pregnant with her daughter Stormi Webster.

Source:glamour.com

Kylie traveled from Hidden Hills to Palm Springs to spend Easter with her daughter and the toddler’s father, Travis Scott.

It is unclear if Scott has stayed as well, but we have learned that his relationship with Kylie has remained the same: they are exes.

“Kylie and Travis are still in the same space they have been in for the last few months. Trying to figure out co-parenting and trying to see if there is anything more there for them both romantically,” a source revealed.

Kylie Jenner and her Mother Donated Hand Sanitizer to Hospitals

Kris and Kylie Jenner are doing everything they can to make sure those battling coronavirus are protected. They’re now donating hand sanitizer to healthcare employees on the front line.

They teamed up with COTY, which is the majority stakeholder for Kylie Cosmetics and Kylie Skin, to produce hand sanitizers for hospitals in Southern California.

Source:upnewsinfo.com

That product will be donated to workers taking on the public health crisis. Apparently, every bottle contains a special message, “Dedicated to first responders working to support our communities.”

Kylie and her sister Kim Kardashian West have already each donated $1 million to coronavirus relief efforts, and they have urged their fans to take warnings seriously and to stay at home.

Source:insider.com

Besides, Kylie was asked by the Surgeon General to spread the message to her 160 million followers, and she did just that.

Kim Kardashian and Kylie Jenner Stopped the Production of their Beauty Lines

Both Kim Kardashian West and Kylie Jenner’s beauty lines’ fulfillment centers were forced to close under California’s state-wide shelter-in-place order. It only allows essential businesses to remain open, and cosmetic companies are not considered like that.

Source:dailymail.co.uk

KKW Beauty, Kim’s cosmetics line, explained on Twitter that the website would continue to accept orders, but they cannot guarantee the delivery dates since the fulfillment center will be closed.

When it comes to Kylie Cosmetics, the beauty brand from Kylie Jenner, it also shared a similar statement. Its fulfillment center is temporarily closing, but they both announced the new return policy.

Source:nypost.com

Kim and Kylie did not share a date for the reopening of their fulfillment centers.

Is Stormi the only reason Kylie Jenner got back with Travis Scott?

Kylie Jenner might not be single anymore. There have been rumors that the Kylie Cosmetics founder has gotten back together with the father of her daughter Stormi Webster, Travis Scott.

Source:businessinsider.com

Even though Kylie has not confirmed or denied any of the rumors, it seems like they have worked through the issues they once had. Even though there could be many reasons for their reconciliation, the most likely one is that they have taken this step for the sake of their daughter Stormi Webster.

Since Jenner and Scott broke up, there have been many rumors about their relationship. There has been minimal drama between them, and they both are devoted parents to baby Stormi.

Kylie and Travis have continued to share photos of their adorable toddler on social media. They also celebrated her second birthday recently.

Besides, Kylie and Scott even took trips together, along with their daughter, proving that they can be united or her sake, even if they are not together.

However, in recent months, more and more evidence indicates that the two are back together.

It was reported that Jenner and Scott are officially back together. Apparently, the two have been together for close to a month but have been enjoying their privacy.

Even though they did not confirm anything, it certainly looks like their romance is back “on.”

Source:theblast.com

The fans are trying to figure out what caused the couple to get back together. One of the explanations is that Jenner and Scott wanted to reunite for the sake of their daughter since she means a lot to them.