Reality show personality Kylie Jenner took the title of the youngest billionaire in the world. Unfortunately, Forbes stripped her of the title after finding out some questionable behavior from the 22-year old. Now, it seems Jenner threw a ton of money away on a private jet and homes.
Like It’s Going Out Of Style
Page Six revealed that Jenner has been busy blowing through money over the past few months. In April, Jenner dropped $36.5 million on an estate in Holmby Hills, California. The property, which was completed last year, features 14 bathrooms and seven bedrooms. There are also 20 parking spaces available for any guests coming over.
Jenner didn’t want to settle with one new house. The businesswoman is looking to have two homes built from scratch. Jenner bought a $15 million piece of land near her Hidden Hills, California home. To be closer to her mom Kris, Jenner bought a $3.25 million piece of land at Palm Springs’ Madison Club. Richard Landry, who worked on Tom Brady’s home, will build her property in Hidden Hills.
Flying The Friendly Skies
Instead of taking a limo, Jenner used a private jet for her daughter Stormi’s birthday party. Jenner chose the Global Express Jet, which is bigger than a Learjet. This flight was done as part of Stormi’s birthday celebration. The jet was transformed to fit Stormi’s birthday party theme, which was a mixture of Trolls and Frozen. Jenner reportedly dropped between $50 to $70 million for this private jet.
Stormi’s birthday party took place at an amusement park called StormiWorld. Jenner hired celebrity party planner Mindy Weiss to put the whole thing together. Unlike the flight or homes, Jenner didn’t drop a massive amount of money for the event. It’s reported that the birthday party’s cost was around $100,000.
Playing Everyone For Fools?
Forbes story on Jenner was a complete shocker when it was released. The publication stated Jenner’s actual earnings were smaller than reported. “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 publication stated. Forbes accused Jenner’s mom Kris of delivering the publication forged tax returns in 2016. Jenner would land on the cover of Forbes that same year. The publication even compared this situation to Donald Trump’s love affair with his own net worth. Following some number crunching, Forbes determined Jenner’s actual net worth is around $900 million.
As expected, representatives for Jenner contacted Forbes to set the record straight. “The accusations that the Jenners, and/or their accountants, falsified tax returns and then lied about their 2016 revenues for the last four years, are absolutely false,” representatives told Forbes. When the article was posted, Jenner took to Twitter to defend herself. “What am I even waking up to? I thought this was a reputable site… All I see are a number of inaccurate statements and unproven assumptions lol. I’ve never asked for any title or tried to lie my way there EVER. Period,” Jenner said on Twitter. Jenner’s 34 million Twitter followers found themselves conflicted about the situation.
Photo Courtesy: [Kylie Jenner/YouTube]
Jenner’s Back On Top…Kinda
A week after the Forbes article was posted, things quickly changed for Jenner. The reality star found herself on top of Forbes‘ list of highest-paid celebrities with $590 million earned. Joining her in second place is brother-in-law Kanye West. While they dispute her net worth, Forbes has to give credit where it’s due. Jenner made some major money from Kylie Cosmetics. After selling the company to Coty, Inc., Jenner became a richer woman. With some new plans in the works, Jenner will eventually find herself in the billionaire’s club again.
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