They even hired CPA’s to draft up financial statements of Kylie and the company to be shown to the public to help convince. These, however, could not be confirmed as accurate. Forbes wouldn’t take listen to just what Kris was saying and put Kylie on the billionaire’s list for no reason, they needed proof. This is when Kris took her story elsewhere and it started to become the hottest trending topic in the nation. Making everyone believe Kylie Jenner was indeed a billionaire.
After this happened, Forbes didn’t have too much of a choice and tried to talk with the Jenner/Kardashian clan again to get some more accurate numbers. This is when they were able to provide some information on the sale with Coty before it happened, making Forbes believe that she was a billionaire. Unfortunately for Kylie, since the company she sold to is public, we were able to find the truth.
While the young mogul is definitely wealthy, her estimated net worth is around $600 million, not quite a billionaire yet but I am sure she will become one in the near future at the pace she is going.
Check out Forbe’s full article and explanation here.
While I do understand that the public can feel deceived when these folks who seem to have unthinkable amounts of money keep lying about their net worth, I kind of get where these uber-wealthy people are coming from. They are really trying to be business savvy when you think about it. The higher they can get you to believe they are worth, the more you are interested in them and more likely to buy their products, therefore, making them closer to the net worth they lied about, to begin with.
While lying isn’t OK, I also think that the general public has an obsession with knowing how much money these rich influencers and stars have. It is enticing, don’t get me wrong. But they are also people too and they are just trying to make insane amounts of generational wealth to set up for their family. After all, isn’t that what you’re trying to do to? I can say that I am definitely trying to set up as much generational wealth as I can. I don’t want to have to work a desk job my whole life and I don’t want the future generations that come after me to have to either, hence why I am making the necessary sacrifices to do that.
While it is easy to call them greedy or get mad at their deceptiveness, I think if you put yourself in these celebrities’ shoes it is pretty understandable. They are just trying to make the most amount of money while they have this spotlight.
What are you thoughts on folks lying about their net worth? Would you do it if you were in their shoes?
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By: Gina DiMasi
Title: This Is Why A Lot Of Rich People Exaggerate Their Net Worth
Sourced From: www.dinksfinance.com/2023/11/this-is-why-a-lot-of-rich-people-exaggerate-their-net-worth/
Published Date: Mon, 13 Nov 2023 16:03:54 +0000
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