It seems that things are not going that well for Kylie Jenner. Actually, according to some new reports, the Keeping Up with the Kardashians star might be dealing with some money issues. The report indicated that Kylie is not the wisest spender possible and she might in fact be almost broke.
Some insiders talking to Radar Online indicated that the reason why Kylie is in danger of becoming bankrupt is actually linked to the fact that the star has made some bad investments, including some uninspired money choices when it comes to her own cosmetic line.
“She’s putting it out there that she’s got upwards of $10 million in her account, but the truth is that she’s worth less than a quarter of that,” one insider told the celebrity site. The same source claimed that Kylie has made a very bad choice by investing a lot of money into her “ill-performing cosmetics company.” However, that may not be all.
The source also claimed that Kylie has been spending a lot of money because of her relationship with rapper Tyga. The report claimed that the star has sponsored both Tyga and some of his friends. “She’s quietly sponsored a bunch of Tyga’s friends who’ve hit her up for loans that total hundreds of thousands at a time,” the insider explained. For instance, she allegedly has given Tyga no less than $2 million.
The same insider claimed that although she has been spending a lot of money with Tyga and has invested badly, these are actually not her biggest problems when it comes to her finances. The insider claimed that Kylie’s biggest issue is actually the fact that her lifestyle is extremely expensive. According to this source, Kylie has been spending a lot of money on her own comfort and on her looks.
“She’s been burning through a fortune on private jet travel, real estate, fashion splurges, surgery,” Radar Online’s source explained. “She has zero sense of financial responsibility and it’s taken a real toll.” Well, the report was dismissed by E! Online, which indicated that Kylie is not broke and her cosmetics have actually sold well.