Kylie Jenner is not a billionaire, Forbes magazine now says [Reuters]
Coty Inc. Class A (COTY)
Last coty inc. class a earnings: 2/5 06:30 am
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Source: Reuters
Kylie Jenner is not a billionaire, Forbes magazine now says (Reuters) - Forbes magazine, which in March 2019 declared reality TV star Kylie Jenner had become the world’s youngest self-made billionaire, said on Friday that it no longer believed that her net worth was that much. The magazine said it reviewed financial data released by Coty Inc, which bought a 51 percent stake in Jenner’s Kylie Cosmetics company in November 2019. Those financial filings show “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 magazine said. Forbes now estimates the net worth of Jenner, 22, at around $900 million. Writing on Twitter on Friday, Jenner said the recent story was based on “a number of inaccurate statements and unproven assumptions.” “What am I even waking up to. I thought this was a reputable site,” she wrote. Jenner, half-sister of Kim, Khloe and Kourtney Kardashi
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COTY
News
- Coty Inc. (NYSE: COTY) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $17.50 price target on the stock.MarketBeat
- 15 Best Everyday Colognes in 2024 [Yahoo! Finance]Yahoo! Finance
- Cosmetics Market Analysis, Size, and Global Forecast Report 2023-2032 Featuring Coty, P&G, Estee Lauder, Colgate-Palmolive, Johnson & Johnson, Revlon, Beiersdorf, Kao, LVMH, and Mary Kay [Yahoo! Finance]Yahoo! Finance
- The Business Of Thinking Big – Why Managers Should Study Philosophy [Forbes]Forbes
- Coty Inc. (NYSE: COTY) had its price target lowered by analysts at Citigroup Inc. from $13.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
COTY
Earnings
- 2/7/24 - Beat
COTY
Sec Filings
- 4/2/24 - Form 4
- 3/6/24 - Form 4
- 2/9/24 - Form 8-K
- COTY's page on the SEC website