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Why Kylie Jenner Is No Longer A Billionaire | Forbes Investigates | Forbes

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More than a decade into their fame, the Kardashian-Jenners tend to induce eye-rolls and sighs among jaded media consumers. But when it comes to their wealth, even critics of reality TV’s first family are intrigued; the Kardashian-Jenner machine—and the cash it generates—has been the subject of articles, podcasts, even books. But no one cares more about the topic than the family itself, which has spent years fighting Forbes for higher spots on our annual wealth and celebrity earnings lists.

So when the youngest of the clan, Kylie Jenner, 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.

Read the full profile on Forbes: https://www.forbes.com/sites/chasewithorn/2020/05/29/inside-kylie-jennerss-web-of-lies-and-why-shes-no-longer-a-billionaire/#594d90cd25f7

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How To Ace A Virtual Presentation | Forbes

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As conferences and other professional events transition to virtual events for the foreseeable future, many professionals will need to get comfortable in a space where they’re most likely not comfortable right now – virtual presenting. Contrary to popular belief, virtual presenting done well requires conscious adjustments to simulate the benefits of a live presentation. For those who do it well, there are five common mistakes they avoid.

Read the more about virtual presentations on Forbes: https://www.forbes.com/sites/danabrownlee/2020/05/17/presenting-virtually-dont-make-these-5-tragic-virtual-presentation-mistakes/#567ff2b1234d

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How Oprah Made Her $2.6 Billion Dollar Fortune | Forbes

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Oprah Winfrey returned to the Forbes list of top-earning celebrities in 2020 landing at No. 91 with estimated earnings of $37 million before taxes and fees, thanks mostly to a lucrative Apple TV+ deal.

Winfrey’s return to the small screen landed her back on the Celebrity 100, which tracks annual earnings for performers, athletes and other front-of-the-camera stars. The nine-figure deal with Apple—the actual number has never been revealed—put her back in the mix as a performer and brought her an estimated $10 million this year, with a much larger payout coming later in the deal. The rest of her earnings are mostly made up of profits from television network OWN—she owns a 25% stake—payments from WW WW (formerly Weight Watchers) and her deal with Hearst to produce O, The Oprah Magazine. Winfrey has a net worth of $2.6 billion.

Read the full profile on Forbes: https://www.forbes.com/sites/maddieberg/2020/06/04/inside-oprahs-return-to-the-celebrity-100/#6b615e9932d8

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How Entrepreneur Rhonesha Byng Created A Mantra From Her Name | Unfiltered | Forbes

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This week on Unfiltered, we spoke with Her Agenda Founder and CEO Rhonesha Byng to talk about how she went from high school intern to publication founder, how she used her name to create a motto and how she deals with her fear of failing her community.

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