Reality TV star Kylie Jenner is reportedly on the verge of bankruptcy mainly due to bad investment in her cosmetic line.
Jenner, 18, made a bad decision by pouring millions “into her ill-performing cosmetics company,” reported Radar Online.
“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.