Have business valuation or litigation support questions? The mixed martial arts league, founded inwas near bankruptcy in late when Dana White, working as the manager for UFC fighters Tito Ortiz and Chuck Liddell, contacted childhood friend and casino operator Lorenzo Fertitta about purchasing the struggling league from Semaphore Entertainment Group. The Fertitta brothers and White began to streamline the sport with rules and regulations to appease the concerns of broadcast partners and state governing bodies previously unwilling to sanction fights.
As you might imagine, the world was shocked by this headline. If true, it means that the 21 year old Kylie is 3 times richer than 37 year old sister Kim Kardashian. The article also implied that Kylie is on pace to be a paper billionaire within a year.
That would be two years younger than when Mark Zuckerberg first achieved billionaire status. I have some major problems with this headline and article in general.
Allow me to break it all down… Ok so first off, I will say that I am frustrated by these Forbes articles because, in my opinion, they take a morsel of truth and massage it into a shocking headline purely for the purpose of selling magazines and getting attention.
Everyone in the world is going to be stunned to hear that Kylie Jenner is nearly a billionaire. By the way, that's almost 10 times what CelebrityNetWorth and Forbes pegged her net worth at just one year ago.
I'm frustrated because from now on, this headline will be perceived as gospel. Let's tackle the cosmetics valuation first. I believe that is an extraordinarily high multiple, nowhere near conservative. Private technology companies sell for X multiples.
Consumer goods companies typically sell for much much lower multiples since the margins are lower and growth prospects vastly more challenging.
On that last point, it's crazy to me that Forbes would assume an 8X multiple when in the very same article they state that Kylie Cosmetics sales are basically tanking. Did Christmas sales not turn out well? Not exactly rocket-ship growth.
Forbes mentions this fact but that still doesn't deter them from giving the company an extraordinarily high multiple. When pressed on these not-so-flattering sales figures, Kris Jenner told Forbes that "revenue was up considerably in the first six months of compared with the same period last year.
A claim that Forbes couldn't verify. And Forbes can't verify it but they'll just assume it's true.
Getty Images If we're truly being reasonable and "conservative", we're talking about an incredibly successful cosmetics company that's actually on the downside of popularity. Why on earth would anyone pay an extremely high multiple for the company I just described?
A more reality-based multiple would be X profits. Another major criticism people are aiming at Forbes has to do with the words "self-made". The cover story says Kylie is "set to be the youngest-ever self-made billionaire. As comedian Franchesca Ramsey tweeted: Self-made means having succeeded in life unaided.
Used in a sentence: Forbes says that Kylie Jenner is a self-made woman. I'm not just being a hater. My main issue is that Forbes is just so clearly bending the truth to invent a eyeball-grabbing headline which they hope will sell magazines and get them clicks.
And at the same time, this invented number will be considered fact by most people from now on unless they read this article!UFC Valuation Rivals the Dallas Cowboys. The slowest sports w eek of the year got off to a Ronda Rousey-esque start on Monday with the announcement that the Ultimate Fighting Championship (UFC) has been sold for $4 billion to talent agent WME-IMG and a group of private equity investors.
The mixed martial arts league, founded in , was near bankruptcy in late when Dana White, working as. Maurizio Sarri picks out Unai Emery's best quality as Arsenal manager.
Sarri is a big fan of the Spaniard. Watch video · UFC President Dana White claims the price tag for his fight promotion is nearly double what it sold for roughly two years ago.
Endeavor purchased the UFC for $ billion in . Manchester United boss Jose Mourinho is keen on signing Chelsea star Willian this summer despite the Blues' £60m valuation of the Brazilian.
The Red Devils bagged Nemanja Matic from Stamford. The FIFA World Cup was the 21st FIFA World Cup, an international football tournament contested by the men's national teams of the member associations of FIFA once every four years. It took place in Russia from 14 June to 15 July It was the first World Cup to be held in Eastern Europe, and the 11th time that it had been held in Europe.
At an estimated cost of over $ billion, it. The SCIENCE is performing the valuation, the ART is interpreting the results in order to arrive at the “right”price.
TECHNOLOGY can help you do this more efficiently. Transaction comparables 15% Discount Rate Transaction Comparables. Equity research reports.