Reality TV star Kylie Jenner is reportedly on the verge of bankruptcy mainly due to bad investment in her cosmetic line, Kylie.
Jenner, 18, made a bad decision by pouring millions “into her ill-performing cosmetics company”, reported Radar Online.
Yay!!!!! Months in the making and i'm so happy my #KYSHADOW is finally here!!! Wow. Thank you to everyone for supporting me throughout my journey. One step closer to my dreams of having a full cosmetic line and YOU are the reason. Go to TheKylieJenner.com to watch an introduction to my Bronze Palette and an exclusive makeup tutorial by @makeupbyariel using the #kyshadows. Also check out my snapchat to watch me show you how I use my palette. ....and want to know when I'm launching? Stay tuned on @kyliecosmetics Instagram! It's sooner than you think! ;)
“She’s putting it out there that she’s got upwards of USD 10 million in her account, but the truth is that she’s worth less than a quarter of that,” a source said.
“She’s quietly sponsored a bunch of Tyga’s (boyfriend) friends who’ve hit her up for loans that total hundreds of thousands at a time.”
Jenner’s biggest problem, however, is reportedly her lifestyle.
“She’s been burning through a fortune on private jet travel, real estate, fashion splurges, surgery. She has zero sense of financial responsibility and it’s taken a real toll,” the source said.
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