Kylie Jenner's extravagant spending habits and the declining sales of her beauty brand could lead her to financial instability.
As reported by In Touch Weekly, the founder of Kylie Cosmetics "has expensive tastes. She wants the best of everything and usually gets it."
According to an insider hat the mother-of-three "doesn’t have as much money as everything thinks."
Kylie was crowned as the youngest self-made billionaire in the world by Forbes in 2020.
Later, the same internationally recognized publication accused the reality TV star of allegedly manipulating tax documents to present herself as a billionaire.
The publication also noted that Kylie's beauty brand was described as 'smaller and less profitable.'
However, the mother-of-two called the claims "wrong” and "unproven."
Speaking of the situation, the source mention, "So if Kylie continues hemorrhaging money, she could end up going broke."
Interestingly, Statista also reported a decline in the purchase of Kylie Cosmetics products from their online store by $36.2 million in 2022.
The website predicts a further downfall to $29 million in 2024.
