No Result
View All Result
Monday, June 9, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

Forbes drops Kylie Jenner from billionaire list

MM News Staff by MM News Staff
May 30, 2020
NEW YORK: American model, businesswoman and social media star Kylie Jenner has just revealed the secrets of how her famous beauty line business achieved success.

NEW YORK: American model, businesswoman and social media star Kylie Jenner has just revealed the secrets of how her famous beauty line business achieved success.

WASHINGTON: Forbes magazine has struck reality TV star and entrepreneur Kylie Jenner from its list of billionaires, and accused her family of inflating the value of her cosmetics business.
The magazine said it reviewed financial data released by Coty who bought a 51 percent stake in Jenner’s Kylie Cosmetics company in November 2019.
Those financial filings show “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 magazine said.
Forbes now estimates the net worth of Jenner at around $900 million. Jenner dismissed the report said the recent story was based on “a number of inaccurate statements and unproven assumptions.”
“I’ve never asked for any title or tried to lie my way there,” she wrote. “I can name a list of 100 things more important right now than fixating on how much money I have,” she added.
Jenner, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with lip kits containing matching lipstick and lip liner. She first grabbed the spotlight in the “Keeping Up with the Kardashians” reality TV show she starred in with her mother and siblings.
The move reverses the status Forbes conferred on Jenner in 2019 when it declared her a self-made billionaire. The description sparked controversy, with critics scoffing at the “self-made” title and pointing to her upbringing as a Kardashian family reality TV star.
Forbes credited Jenner’s status to the success of her cosmetics company, which she founded in 2015 and includes Kylie Cosmetics and Kylie Skin.
Coty’s presentation to investors about the business suggested the firm did only $125m in sales in 2018. “If Kylie Cosmetics did $125 million in sales in 2018, how could it have done $307 million in 2016 (as the company’s supposed tax returns state) or $330 million in 2017?” Forbes asked in the article.
Forbes has previously accused other would-be billionaires of inflating their riches, including US Commerce Secretary Wilbur Ross and President Donald Trump.
Tags: billionaireForbesKylie Jennerlistmagazine
ShareTweetSendShare
Previous Post

Global coronavirus cases surpass 6 million

Next Post

Pakistan records highest single-day spike in COVID-19 infections

Related Stories

File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

June 8, 2025
(File Photo)
Uncategorized

Six of a family killed in Mardan’s gas explosion

June 7, 2025
File photo
Uncategorized

Karachi hit by two earthquakes once again

June 5, 2025
File photo
Uncategorized

Malir jail: 126 escaped prisoners re-arrested

June 5, 2025
Uncategorized

Mild earthquake hits Karachi’s Malir district

June 5, 2025
Uncategorized

CM Ali Amin Gandapur announces eid financial aid for jailed PTI workers

June 4, 2025
File photo
Uncategorized

Lahore launches body cameras for traffic wardens

June 4, 2025
Screen grab
Uncategorized

VIDEO: Bilawal Bhutto Zardari shares his weight loss journey

June 4, 2025
File photo
Uncategorized

Shehbaz govt to continue PTI-era Green Pakistan Project in Budget 2025-26

June 4, 2025
File photo
Uncategorized

Imran Khan says will lead protest movement from jail

June 4, 2025
Next Post

Pakistan records highest single-day spike in COVID-19 infections

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Finance Minister Muhammad Aurangzeb on Monday presenting the Pakistan Economic Survey 2024-25 in Islamabad (Image: Dawn News)
Business & Stock

Pakistan Economic Survey 2024–25: From inflation to growth – key takeaways

by MM News Staff
June 9, 2025
Pakistan Finance Minister Muhammad Aurangzeb shows a copy of the economic survey of fiscal year 2024-2025 during a news conference in Islamabad, Pakistan June 9, 2025. — Reuters
Business & Stock

Pakistan misses growth target as Economic Survey 2024-25 unveiled

by MM News Staff
June 9, 2025
(Representational Image)
Top News

Rs22.21 billion allocated for Pakistani students to study abroad

by MM News Staff
June 9, 2025
Renna O’Rourke went into cardiac arrest after inhaling fumes from a compressed air product typically used to clean keyboards—an act also referred to as "huffing." (Image: Facebook)
Trending

What is the viral ‘dusting challenge’ that led to Arizona teen’s tragic death?

by MM News Staff
June 9, 2025
J-35A at 2024 Zhuhai Air Show
Top News

Pakistan to acquire J-35 stealth jets in landmark defense deal with China

by MM News Staff
June 9, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Bakra Eid 2025

Eidul Adha holidays: PDMA issues heatwave alert

by MM News Staff
June 5, 2025

Punjab Provincial Disaster Management Authority (PDMA) has issued an alert regarding temperature rise and...

representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
Image: ET

Weather updates for Karachi and other parts of country

June 5, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

by MM News Staff
June 6, 2025

Pakistan is poised to introduce major changes to its taxation framework in the upcoming...

Karachi consumers get Rs2.99/unit relief, power rates hiked elsewhere

June 5, 2025
(File)

Gold price increases Rs4,300 per tola

June 5, 2025
(Representational Image)

Will govt scrap solar net metering in budget 2025-26?

June 5, 2025
See all

Transport News

File
Transport

Karachi Green Line BRT to receive Rs42.7 billion in PSDP 2025-26

by MM News Staff
June 9, 2025

The federal government has set aside a total of Rs. 42.7 billion under the...

Lack of adequate public transportation facilities in Karachi has made rickshaws a popular transport.

Sindh govt bans four-seat rickshaws in Karachi

June 6, 2025

Air Karachi granted regular public transport license

June 5, 2025
(Representational Image, Credit: ProPakistani)

How to apply for Punjab electric taxi scheme

June 4, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.