This is huge! Forbes is alleging Kylie Jenner could have forged her tax returns to make her company appear more successful than it actually is! (SocialNetworkTrends)
Over the past six months, as more documents came out, inconsistency after inconsistency between what they told us and the truth.
Take Kylie Skin, which launched in May. 2019. They said it did $100 M in sales by mid-June. In reality, it hadn't even done $25 M by November.
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.
“Kylie is a modern-day icon, with an incredible sense of the beauty consumer,”
Coty chairman Peter Harf gushed when announcing the acquisition in November.
But in the deal’s fine print, a less flattering truth emerged. Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: 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.
Of course, white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of “famous for being famous.” But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer.
Our conclusion, There are other discrepancies and the possibility that Kylie's team—so obsessed with "[getting] a Forbes cover for Kylie"—even drafted fake tax returns to get us to believe the size of her business.