Kylie Jenner

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.

Youngest Billionaires of 2020

Most billionaires belong to an older age group, but these ten people achieved that goal before the age of 30. When combined, their total net worth is around 16 billion dollars. Seven of them have been on this list for several years, while three of them have reached this milestone in 2020 despite this years’ troubles for the economy.

Three people on this list are self-made, meaning their own efforts have granted them their riches, not inheritance.

  1. Kylie Jenner

Source:magazinbalkan.eu

As expected, this makeup magnate made the list. In 2019, Kylie Jenner sold 51% of Kylie Cosmetics shares to Coty Inc. – granting her an astonishing 600 million dollars. At just 22 years she possesses a net worth of a billion dollars.

  1. Alexandra Andresen

Source:onedio.co

At 23 years old, Andersen is worth 1.1 billion dollars due to her share in her father’s investment company Ferd from Norway. Alexandra has possessed billionaire status since the age of 19.

  1. Katharina Andresen

Source:newsbeezer

Just like her sister Alexandra, she also has a net worth of 1.1 billion after both inherited 42% of their father’s company shares. She comes from a prominent Norweigan family which has been accumulating riches for two centuries.

  1. Gustav Magnar Witzoe

Source:newsbeezer

Owning 50% of his father’s company called Salmar ASA which specializes in salmon production has granted 26-year-old Witzoe a place on this list with 2.3 billion dollars to his name. He also works as a model alongside with investing in real estate and tech companies.

  1. Elizabeth Furtwaenger

Source:t-online.de

A 37% stake in her family’s publishing company Burda Media in Germany granted Furtwaenger this status. Her wealth is currently at 1.2 billion dollars. This media company is publishing German versions of magazines like Elle and Playboy.

  1. Jonathan Kwok

Source:rankred.com

His inheritance in Sun Hung Kai Real Estate Properties, the most prominent developer in Hong Kong was 2 billion dollars after his father’s passing. However, the company’s shares have been rapidly declining due to coronavirus.

  1. John Collison

Source:born2invest.com

Collison brothers founded a payment company called Stripe, which raised a lot of money from investors, giving 29-year-old John a net worth of 3.2 billion dollars. This is why he is the wealthiest billionaire under 30.

  1. Evan Spiegel

Source:economictimes.indiatimes.com

Co-founder of Snapchat Evan Spiegel is one of three self-made people on this list with a 1.9 billion net worth. The company has had a rough few years – they suffered a significant loss in 2017 after a redesign and some choices that the public did not appreciate, but it seems that the company got back on its feet again, which has maintained Spiegel on this list.

  1. Pedro de Godoy Bueno

Source:youtube

Pedro rose to the billionaire ranks this year after his shares in his late father’s company Diagnósticos da América SA tripled. The 29-year-old son of Brazil’s wealthiest healthcare executive has a net worth of 1.1 billion.

  1. Lisa Draexlmaier

Source:draexlmaier.com

Lisa, 29, and her father own a company called Fritz Draexlmaier Holdings GmbH which specializes in auto parts, and this year she reached the billionaire status. The company produces parts for many well-known brands like Audi, Porsche, Mercedes, and Tesla.

Kylie Jenner Showed off her Stretch Marks and the Fans Went Crazy

Kylie Jenner is famous for many things, such as makeup and being the youngest billionaire, but she is not associated with the term “authenticity.”

This time, the 22-year-old decided to let the fans see the real version of her.

On Monday, she posted a clip of herself in a bathing suit, with a butterfly filter, on her Instagram story.

Source:capitalxtra.com

In the video, the star displayed the stretch marks on her breasts.

Stretch marks are normal, and most of us have them, but it is unusual for the photoshop queen to show them off.

However, we are glad she did.

Source:glamour.com

The makeup mogul has talked about the stretch marks she got after she gave birth to baby Stormi in 2018, telling fans that she chose not to remove them, viewing them as “a little gift from Stormi.”

Kylie Jenner’s Breathtaking Car Collection

Aside from having 174 million followers on her Instagram and an amazing collection of unique Hermès handbags, Kylie Jenner also owns a breathtaking collection of luxury cars.

That includes a new $3 million white Bugatti Chiron and an orange Lamborghini Aventador. The 22-year-old makeup mogul has a car for every occasion.

Source:thedrive.com

It was reported that her incredible collection even includes an ultra-rare $2.2 million dollar LaFerrari Aperta and it was estimated that her entire fleet might is worth over $14 million.

Source:pagesix.com

And even though Kylie deleted an Instagram video showing off her luxe Bugatti in 2019, most of her car photos remain on her feed, proving that she is a top car collector.

Keep reading to find out which other luxury cars she has owned over the years.

Fresh off her breakup with boyfriend Travis Scott last year, Kylie showed off a new Bugatti Chiron in an Instagram video she later deleted.

This is her impressive orange Lamborghini Aventador.

Source:pinterest

Besides, she also owns a Mercedes AMG G63. She had this Mercedes painted bright orange in order to match the Lamborghini Aventador “just for the summer.”

The billionaire also has a maroon Mercedes G-Wagon, which could be a breakup gift to herself after her split with Tyga in 2017.

Source:pinterest

But the breakup, he had gifted her a Maybach in 2016, for her 19th birthday.

Then, in December 2018, the makeup mogul showed off a custom-made ice blue Rolls Royce, which she calls her “dream car.”

Kylie also posted a rare LaFerrari, which her then-boyfriend Travis Scott gifted to her.

There is a black Mercedes G-Wagon in her collection, and also a white, vintage Rolls Royce.

You can also see this black Range Rover on her Instagram feed.

The star is clearly a Ferrari fan since she has a Ferrari 458 Italia Spider, which originally comes in white, and the 488 Ferrari Spider.

In addition, she owns a maroon Rolls Royce and a red Rolls Royce Wraith that has a starting price of $300,000.

Source:autojosh.com

Jenner likes to shows off her black Rolls Royce as well…And a taupe Rolls Royce!

And for the end, another G-Wagon.

Kylie Just Spent $15 Million on What???

Kylie Jenner recently dropped $15 million on a vacant lot in Hidden Hills, and it’s apparently a record amount of money.

The makeup mogul acquired 5 “mostly-flat acres” from the purchase, according to TMZ.

Vulture further reports that while the land is currently completely empty, Kylie also had plans approved for an “18,000 sq. ft. monster mansion with a 12-car garage, guesthouse, barn, guard shack for full-time security detail, sports court, and a pool.”

Source:dailymail.co.uk

The land was previously owned by fellow celeb, Miley Cyrus, from 2015 to 2018.

But the “Slide Away” singer who kept her horses there – sold the place for $5 million.

The new owners demolished Miley’s ranch and eventually sold the land to Kylie.

News of the record purchase comes just days after Kylie paid out $36.5 million for a mansion in Los Angeles’ Holmby Hills.

Kylie also owns a $13.5 million mansion near Beverly Hills, a vacant lot in La main residence: A $12 million home in Hidden Hills. Quinta, and, of course, her main residence: A $12 million home in Hidden Hills.

Source:hellomagazine.com

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’s Diamond Ring Proves She Might Be Engaged

Kylie Jenner has sparked some rumors about engaged to Travis Scott after flashing a new diamond ring on her wedding finger.

The self-made billionaire, 22, posted pictures and video of her the sparkler on her left hand as she was showing off her new manicure.

Source:mirror.co.uk

Earlier in the day, the beauty uploaded snaps that showed a bare left hand, but then in the evening, her videos displayed a new gold band with a diamond on her fourth finger.

Jenner is currently in quarantine with her on/off boyfriend, Travis Scott, with whom she shares a daughter Stormi.

They are isolating at Kylie’s new California mansion, and she’s also invited her best friend, Stassie Karanikolaou, to join them.

Kylie and Travis began their relationship after her split from Tyga in 2017 but broke up back in September.

Source:elle.com

However, there were that they got back together at the beginning of the year – and their choice to isolate together has caused a lot of gossips.

Kylie’s mum Kris Jenner reportedly really wants Kylie and Travis to get married.

A source told said : “Kris doesn’t want anyone jerking her daughters around – she’s told Travis to put a ring on it and commit to a second baby.

“Kylie would never put down rules like that, but she’s made no secret about wanting another baby and commitment from him.

“She really looks up to Kim and her marriage and a big family with Kanye – it’s her dream – so Kris is right – he needs to commit!”

Since the start of 2020, the two have been looking extremely close, with cute selfies and outings to Disneyland before the coronavirus lockdown.

Kylie’s Looking to Die for in a Revealing Red Outfit

Kylie Jenner looks gorgeous in a rusty red bandeau top and skirt. The makeup mogul showed off her curves in a red tie-dye bandeau top and matching skirt, in a snap she shared on Friday. The self-made billionaire, 22, looked stunning as she posed against a tree by the ocean in the figure-hugging outfit by British designer Charlotte Knowles. Her hair was straight, so the fans got a better view of her new hair color. Kylie’s makeup was perfect, as usual. She put on some foundation, bronzer, mascara, and a light nude lipstick.

Source:instagram

Kylie, who is thought to self-isolating at her recently purchased $36.5 million home in Holmby Hills, LA, also posted a cute photo of her and Travis Scott’s daughter Stormi, two. She captioned it: “The best thing I’ve ever done.”

Source:instagram
1 2 3 4