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Forbes reportedly declare Kylie Jenner ‘non billionaire’ see why

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Kylie Jenner

Last year, American reality star, Kylie Jenner became the youngest self-made billionaire ever, at 21, as named by Forbes.

Forbes is now claiming she’s no longer a billionaire as they have uncovered some inadequacies inside Kylie Jenner’s claims and thus reveal she’s no longer a billionaire.

Read the report from Forbes below:

“When the youngest of the Kardashian clan, Kylie, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family. One of the greatest celebrity cashouts of all time, the transaction seemed to confirm what Kylie had been saying all along and what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire—at least before the coronavirus.

“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.

“It’s fair to say that everything the Kardashian-Jenner family does is oversized,” says Stephanie Wissink, an equity analyst covering consumer products at Jefferies. “To stay on-brand, it needs to be bigger than it is.”

Based on this new information—plus the impact of COVID-19 on beauty stocks and consumer spending—Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after tax from the sale, is not a billionaire.

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Help! cry British musicians, warning of crisis in live music industry

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Paul McCartney, Ed Sheeran and The Rolling Stones were among some 1,500 musicians who called on Thursday for the British government to help the live music business survive the coronavirus outbreak.

“The future for concerts and festivals and the hundreds of thousands of people who work in them looks bleak,” the musicians wrote in an open letter to British Culture Secretary Oliver Dowden.

“Until these businesses can operate again, which is likely to be 2021 at the earliest, government support will be crucial to prevent mass insolvencies and the end of this world-leading industry.”

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The letter called for a clear timeline on when music venues could reopen, as well as support for businesses and jobs.

Dowden responded to the musicians in a tweet bit.ly/3dQmayJ on Thursday saying he is “pushing hard for these dates & to give you a clear roadmap back”.

He said decisions on reopening of live music venues would be difficult as it relates to the future of social distancing.

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Music venues, concerts and festivals – including the annual summer Glastonbury festival – were shuttered or cancelled in March when the COVID-19 pandemic took hold in the country.

Britain, whose death toll from the pandemic is approaching 55,000, showed a Reuters tally of official data sources, is in the process of gradually reopening retail stores, schools and pubs.

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The musicians in the letter said live music added 4.5 billion pounds ($5.6 billion) to the British economy and supported 210,000 jobs across the country in 2019.

The appeal was signed by musicians across genres and generations, including Rod Stewart, Eric Clapton, Bob Geldof, Coldplay, Sting and Dua Lipa, as well as producers and operators of concert halls and clubs.

 

 

 

 

 

 

 

 

Reuters

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My body is a celebration of humanness, Popular Chika Lann says as she shares nvde photos

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Nigerian filmmaker, actress, former model and television personality, Chika Lann took to Instagram today to share nude photos of herself in stunning positions.

The Tv star captioned her post saying:

“My body is a celebration of humanness.
I can’t cage it for the comfort of others.
So, if you don’t like what you see, just take a chill pill and close your eyes, or better still, UNFOLLOW,”

“Mai Oui! I play when I want to play. I get dirty when I want to get dirty. Ce ma vie! I am here to show myself and move on to the next stage before my next birth. So, like me, hate me, I don’t care. I live in my own Planet. #unapologetic #wildfeminine #femmefatale #chikalann.”

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Burna Boy clocks 29 today

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Burna Boy

Multiple award-winning Nigerian singer, Damini Ebunoluwa Ogulu (born 2 July 1991), known professionally as Burna Boy, is celebrating his birthday today, July 2.

Burna Boy rose to prominence in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E (2013).

In 2017, Burna Boy signed with Bad Habit/Atlantic Records in the United States and Warner Music Group internationally. His third studio album Outside marked his major-label debut.

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In 2019, he won Best International Act at the 2019 BET Awards and was announced as an Apple Music Up Next artist. His fourth studio album African Giant was released in July 2019;

Also, it won Album of the Year at the 2019 All Africa Music Awards and was nominated for Best World Music Album at the 62nd Annual Grammy Awards.

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