Saturday, November 30, 2019

Blind Items Revealed #4

November 20, 2019

Lets see if the magazine that names the wealthiest does a little napkin math and realizes that the reality star with the lucrative side gig is nowhere close to being a billionaire even if the value of the company is correct, which it isn't. The good news is a lot of this goes from private to public in the next quarterly report.

Forbes/Kylie Jenner

5 comments:

Bleu said...

She sold a 51% stake for $600 million; she still has a 49% stake in the company. Depending on which numbers you go by, the company made between $300-$500 million the past two years. Yes, it seems stupidly overpriced, but she gets half a billion in cold hard cash by selling those shares even if the remaining 49% turns out to be worthless (which it must be, why else give up majority stake?).

texasrose said...

I think the point of the blind is that just because she is fronting company it doesn't mean she is sole shareholder. Probably real money/capital behind it and she just fronting or is the face of company. Don't know what percentage of shares she has but probably not close to 100 percent. Dumbass entertainment reporters just like to report it is her company and therefor she owns a 100 percent. Makes for a better story reporting on her net worth.

Gen-z99 said...

Still wealthy than my broke ass....

Em and 'im said...

I agree, she probably wasn’t 100% shareholder before the sale. I bet her momager had a stake and probably other investors. Regardless of that, she is still minted.

Sook said...

Kylie should buy Epstein's island. Just to mess with everybody.

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