Kylie Jenner may be the youngest sibling of the Kardashian/Jenner clan, but she is also the family member bringing in the most cash.
Jenner, who’s on the cover of Forbes’ August 2018 “America’s Women Billionaires” issue, is worth roughly $900 million, according to the magazine.
According to Forbes’ calculations, that makes her not only the Jenner or Kardashian with the highest net worth, but the 27th-richest self-made woman in the United States. For comparison, Forbes estimates that Jenner’s older sister Kim Kardashian West is worth roughly $350 million.
The 20-year-old’s net worth has skyrocketed thanks to the success of Kylie Cosmetics. Forbes conservatively values the company at $800 million, with an estimated $330 million in sales last year. Jenner is both the face of the company and the sole owner.
Forbes’ Natalie Robehmed detailed how Kylie Cosmetics has found success by harnessing Jenner’s immense social-media following and slashing costs by outsourcing labor. There are only five full-time employees, with Jenner’s mother, Kris Jenner, handling finances and public relations in exchange for a 10% management cut, the report says.
Kylie Cosmetics is dealing with slowing growth – Forbes reports that revenue grew just 7% last year, with lip-kit revenue dropping an estimated 35%.
However, the magazine says it would take more than a slow year of sales to stop Jenner from reaching billionaire status and making history.
“Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23,” Robehmed reported.
CHRISTIAN LOUBOUTIN’s quest to protect his famous red soles has taken him back to court.
The Frenchman’s attempt to prevent Dutch high-street chain Van Haren from selling iterations of his red soles went awry, however, when Maciej Szpunar, an advocate general at the European Court of Justice, advised The Netherlands court that Louboutin’s trademark protection rulings on the shade of red, which date from 2010 and 2013, might be invalid.
“A trademark combining colour and shape may be refused or declared invalid on the grounds set out under EU trademark law,” the ECJ said in a statement, outlining Maciej Szpunar’s advice to the judges hearing the case.
Szpunar expressed “doubts as to whether the colour red can perform the essential function of a trademark, that of identifying its proprietor, when that colour is used out of context, that is to say, separately from the shape of a sole,” the statement, according to the Business of Fashion, continued. In other words, Louboutin’s signature shade of red could not be considered separate from the shape of the sole, and shapes are usually not protected under EU trademark law.
“This could mean that Louboutin would not be able to stop its competitors, including haute couture fashion houses, from offering shoes with red soles. The red sole could therefore become ubiquitous, which would seriously reduce the cachet associated with the Louboutin brand,” Kapur clarified.
Louboutin battled Yves Saint Laurent in 2012 in a New York court over similar trademark issues, and won the US trademark as a result. The ECJ’s new statement, however, is likely to be highly influential on the judges’ current decision on European brand guidelines, which has yet to be made.
Nigerian Hip-hop duo, Peter and Paul Okoye otherwise known as P-square, have finally parted ways.
One half of the twin band Peter Okoye requested the termination according to a letter sent to their lawyer Festus Keyamo (SAN)
Peter levelled some serious allegations against his twin Paul and Jude their elder brother and manager.
He accused Paul of no longer willing to co-operate with him.
He also accused him of cancelling their scheduled music tour to the United States.
He also accused his brother of slagging off his wife and children on social media, and alleged that his family was being threatened with messages.
Peter further accused his older brother Jude of once threatening to kill him and shoot his wife Lola.
Peter stressed that he was tired of the “drama” and all he wanted was to opt out of the Psquare group and contract.
Social media was set on fire after Peter posted a Snapchat video revealing that he is in Philadelphia on his own for a solo show – without his twin brother, Paul.
“My name is Mr P,” Peter said “As from today, guess what? It’s show time, I’m about to go on stage.”
This post came days after his brother, Paul wrote on Instagram saying; “Only a woman can come where there’s peace and destroy it”.
The Okoye brothers have recently been embroiled in war of words on social media and this development is further confirmation of the rumours of serious strains in their relationship.
As a band, P Square dominated the Nigerian music industry for many years,
Racism reared its ugly head on the catwalk of the London Fashion show as a black model was allegedly humiliated and heckled by photographers and audience members.
The model Brenda Beaux said she was subjected to yells and shouts of “Move!” and “Get off!” as she modelled outfits by British designer Pam Hogg
The rising star from Surrey said she felt deeply humiliated and was reduced to tears even as she strutted on the catwalk.
“It was almost as if they planned it”, she said. “how they all started shouting “go” at the same time in an angry way”
I have never felt such hate towards me in my life. I almost burst into tears on the runway then I remembered that I was working so I carried on like nothing had happened. I just had to be strong enough to get back down the runway and when I did, I just started crying”
The leggy model also said fewer photographs were taken of her than of her white colleagues.
She said she believed she was singled out because she is black.
The designer whose outfits Brenda was showcasing was reportedly furious when she heard what happened and apologised to the model. “She was very nice to me and said she wanted me back for her next show” said the model.
Ms Hogg said “Whether or not brenda had been picked on, the yelling had been unacceptable. A gorgeous girl was left feeling singled out because of her colour”
Fashion Scout who staged the event denied it was racism saying photographers had yelled at her to move so they could get clearer shots of another model behind her
“They have however been asked to show more respect”
The hilarious incident prompted one of the unfortunate victims to post on the Forever New Facebook page encouraging the use of a “bridal registry” to help others avoid the blunder they endured.
Sydney resident Debbie Speranza posted: “You really should start a bridal registry so that your customers can enquire whether anyone else has purchased one of your dresses for the same event.
“No we are NOT the bridesmaids just the guests.”
The post has since gone viral with over 23,000 likes, and 6,000 hilarious comments, a feat Speranza believes Forever New owes her a voucher for.
“Think I deserve a gift voucher for all this advertisement [sic]”, she joked on the post.
The comments range from sentiments from those who have been in the same position, to others who saw the seriously funny side.
One woman believed the best way to handle the situation was to “laugh it off”. And by the looks of things, that’s just what these women did.
The dress, described on Forever New’s website as “perfectly tailored to flatter and accentuate your figure” and help you “make an entrance-worthy appearance”, is available for $175.
Just be careful to check with your friends first before wearing it to a wedding.
Ghanaian born London Fashion Designer Kwame Koranteng launched his latest collection of bespoke fashion designs at Tiger Tiger club last Sunday.
At a well attended event that boasted of a mix of guests from different London communities and backgrounds, the KK collection 2017 left everyone gasping and whopping with pleasure at the clever blending of Western staples such as coats, waistcoats and vests with bright and bold afrocentric Ankara prints resulting in rich colourful avant garde designs which won’t look out of place on any major fashion show catwalk
The fashion show was also a fundraiser event in support of Sickle Cell and Stroke charities and if the huge crowd in attendance was anything to go by, it would seem like KK was well able to raise some cool cash for his charities.