Jungkook net worth: Jungkook is a South Korean singer who has a net worth of $8 million. Jungkook is best known for being a singer in the South Korean boy band BTS, also known as the Bangtan Boys. The group formed in 2013 and released their debut studio album Dark & Wild in Korean in 2014. That album reached #2 in Korea and #3 on the US World chart. BTS released the Korean album Wings in 2016 which reached #1 in Korea and #1 on the US World chart. The group released the Korean album Love Yourself: Tear in 2018 which reached #1 in Korea and on the Billboard 200 chart as well as on the US World chart. The album also reached #2 in Canada, #3 in Japan, and the Top 10 in several other countries. BTS released the Japanese album Wake Up in 2014 which reached #3 in Japan and their Japanese album Youth was released in 2016 and reached #1 in Japan. Their Japanese album Face Yourself was released in 2018 and reached #1 in Japan and on the US World chart. They have had many #1 singles including "Fire", "Blood Sweat & Tears", "Spring Day", "Not Today", "DNA", "Fake Love", "For You", and "Chi, Ase Namida". V was nominated for a Melon Music Award in 2017.

Read more: Jungkook Net Worth

Jin net worth: Jin is a South Korean singer who has a net worth of $8 million. Jin is best known for being a member of the South Korean boy band BTS, also known as the Bangtan Boys. The group formed in 2013 and released their debut studio album Dark & Wild in Korean in 2014. That album reached #2 in Korea and #3 on the US World chart. BTS released the Korean album Wings in 2016 which reached #1 in Korea and #1 on the US World chart. The group released the Korean album Love Yourself: Tear in 2018 which reached #1 in Korea and on the Billboard 200 chart as well as on the US World chart. The album also reached #2 in Canada, #3 in Japan, and the Top 10 in several other countries. BTS released the Japanese album Wake Up in 2014 which reached #3 in Japan and their Japanese album Youth was released in 2016 and reached #1 in Japan. Their Japanese album Face Yourself was released in 2018 and reached #1 in Japan and on the US World chart. They have had many #1 singles including "Fire", "Blood Sweat & Tears", "Spring Day", "Not Today", "DNA", "Fake Love", "For You", and "Chi, Ase Namida".

Read more: Jin Net Worth

V net worth: V is a South Korean singer, songwriter, and actor who has a net worth of $8 million. V was born in Seo District, Daegu, South Korea in December 1995. He is best known for being a singer in the South Korean boy band BTS, also known as the Bangtan Boys. The group formed in 2013 and released their debut studio album Dark & Wild in Korean in 2014. That album reached #2 in Korea and #3 on the US World chart. BTS released the Korean album Wings in 2016 which reached #1 in Korea and #1 on the US World chart. The group released the Korean album Love Yourself: Tear in 2018 which reached #1 in Korea and on the Billboard 200 chart as well as on the US World chart. The album also reached #2 in Canada, #3 in Japan, and the Top 10 in several other countries. BTS released the Japanese album Wake Up in 2014 which reached #3 in Japan and their Japanese album Youth was released in 2016 and reached #1 in Japan. Their Japanese album Face Yourself was released in 2018 and reached #1 in Japan and on the US World chart. They have had many #1 singles including "Fire", "Blood Sweat & Tears", "Spring Day", "Not Today", "DNA", "Fake Love", "For You", and "Chi, Ase Namida". V was nominated for a Melon Music Award in 2017.

Read more: V Net Worth

Kim Yoo-ung net worth: Kim Yoo-jung is a South Korean actress who has a net worth of $6 million. Kim Yoo-jung was born in Seoul, South Korea in September 1999. Her acting career began in 2006 when she starred in the movie Four Horror Tales – Hidden Floor. Kim Yoo-jung starred in films The Chaser and Do You See Seoul? In 2008. She appeared in episodes of the TV series Iljimae, Tempted Again, Telecinema, Dong Yi, Gumiho: Tale of the Fox's Child, and Flames of Desire. Kim Yoo-jung starred as Young Heon Yeon Wu on the TV series The Moon That Embraces the Sun in 2012. She starred in the movies Thread of Lies and Commitment in 2013 and appeared in episodes of the TV series Gold Rainbow and Secret Door. In 2014 Kim Yoo-jung starred as Navi on the series Love Cells. She starred as Oh Ah-ran on the television series Angry Mom in 2015 and as Hong Ra-on on the TV series Moonlight Drawn by Clouds in 2016. She has also starred in the films Circle of Atonement and Because I Love You.

Read more: Kim Yoo-jung Net Worth

LeBron James is taking his talents to Hollywood. The four-time MVP, 14-time All-Star and three-time champion signed a four-year, $153.3 million deal with the Los Angeles Lakers earlier this month. And while LeBron's move is smart from a business perspective and will help him earn more than $1 billion for his career, it's important for another reason: it'll make LeBron the highest-paid player in NBA history.

At the end of last season, LeBron was sixth on the all-time salary earnings list. By the time his new contract finishes, he'll have made $387.2 million on the court. That's more than anyone else, including retired legends Kevin Garnett, Kobe Bryant, and Shaquille O'Neal.

However, LeBron might not have the top spot for very long. By the time his current deal ends, he'll be 37 years old. At some point, time will catch up to him. Even if he signs one more max deal, it would probably only be for a year or two, tops.

Meanwhile, several other active players are among the top ten in all-time earnings. Most of them are several years younger than LeBron and could potentially catch up to him.

Gregory Shamus/Getty Images

The most likely to do so are Russell Westbrook and Steph Curry. By the time Westbrook's current deal ends, he'll have made $336.3 million. That's still a ways back from LeBron, but Westbrook is currently four years younger than James. The Thunder guard's next deal will be up in 2023. If he continues putting up numbers at a triple-double pace, he could very likely score another max deal.

Meanwhile, Curry is still about $130 million behind James. Though both of their deals end at the same time (in 2022), Curry's game will likely translate very well into his late 30s, and possibly even into his 40s. A guy like Jamal Crawford has made a hugely successful career out of being able to hit jump shots. Even if Curry's so-so defense takes a step back, his shot should remain pure until he retires. That longevity might help Curry earn enough to overtake LeBron.

Two other guys that could potentially surpass LeBron are James Harden and John Wall. By the time their current deals are up, Harden will be about $71 million behind LeBron and Wall roughly $110 million back. Both of their contracts end in 2023 – a year after LeBron's ends – but both have the added advantage of time on their side. Harden will be just shy of 34 when his is up, and Wall will be 32. One more max deal could put them over the edge.

Of course, this is looking out well into the future, and perhaps LeBron will continue playing at a superhuman pace for so long that no one will ever surpass him. But it's incredible to see just how much NBA players make – and that number is only going to increase over the coming years.

Here's the full list of the top 10 highest-paid players in league history. Active players' earnings are their projected totals based on their current deals.

10. Carmelo Anthony – $255.3 million

9. Steph Curry – $257.3 million

8. John Wall – $277.1 million

7. Shaquille O'Neal – $286.3 million

6. James Harden – $316.6 million

5. Kobe Bryant – $323.3 million

4. Kevin Garnett – $334.3 million

3. Russell Westbrook – $336.3 million

2. Chris Paul – $346.5 million

1. LeBron James – $387.2 million

Read more: LeBron James Will Be The Highest-Paid NBA Player Ever… But For How Long?

More bad news for infamous Fyre Festival founder Billy McFarland. Vice reports that he's been ordered by a judge to pay up $5 million in damages to two disgruntled Fyre Festival attendees named Seth Crossno and Mark Thompson, who sued McFarland in May after attending the disastrous festival, the grim details of which made headlines (not to mention plenty of tweets) in the spring of last year.

Crossno and Thompson are to  be paid $1.5 million in compensatory damages and $1 million in punitive damages each, with the former including costs incurred in travel and lodging during the festival, plus "mental anguish and suffering." The two friends say they spent $13,000 and two VIP ticket packages, which were supposed to include upscale accommodations and gourmet meals, but the real event was something closer to a thrown-together modern-day Hooverville on an island in the Bahamas.

McFarland never made an appearance at the North Carolina court that made the ruling in the plaintiffs' favor, with even more serious legal trouble on his plate at the moment – last March, he pleaded guilty to charges of misleading investors and wire fraud, for which he could see up to 40 years in prison.

Via wikicommons/Ian Moran (I to Z Photo + Video)

The next big obstacle for Crossno and Thompson will now be in collecting the damages they are owed, since it isn't clear what McFarland's financial situation even is. Crossno's attorney Stacy Miller told the press that the outlook for this was good, however:

 "We feel confident about collecting. I can't tell you a whole lot about how we're going to collect it, but we feel confident about it. We have to stay mum on our strategy… I think there's going to be a lot of people looking to collect, but we'll be first."

McFarland's Fyre Festival partner, rapper Ja Rule, probably has a bit more cash on hand, and was named as a defendant in the pair's original lawsuit. But he was later removed following an agreement between the two parties, as Crossno himself explains:

"We worked with [him] and his attorney and amicably decided to move on to other business matters."

Billy McFarland is currently awaiting sentencing on those misleading investors and wire fraud charges, scheduled for August.

Read more: Two Fyre Festival Attendees Win $5M In Damages From Founder Billy McFarland

Michael Kitchen net worth: Michael Kitchen is an English actor and television presenter who has a net worth of $6 million. Michael Kitchen was born in Leicester, Leicestershire, England in October 1948. He has more than 100 acting credits to his name dating back to 1970. From 2001 to 2002 he starred as Jack Turner on the TV series Always and Everyone. Kitchen starred as Christopher Foyle on the series Foyle's War from 2002 to 2015. He has starred in several films including Dracula A.D. 1972, Savages, No Man's Land, Breaking Glass, Out of Africa, Fools of Fortune, The Russia House, Hostage, The Trial, GoldenEye, Mrs Dalloway, The World Is Not Enough, Ne Year's Day, Proof of Life, My Week with Marilyn, and more. In 1994 he was nominated for a BAFTA Award for Best Actor for To Play the King. Kitchen has also starred in several stage productions including Caesar and Cleopatra.

Read more: Michael Kitchen Net Worth

Howard Kaylan net worth: Howard Kaylan is an American singer, musician, and writer who has a net worth of $4 million. Howard Kaylan was born in New York City, New York in June 1947. He is best known for being a founding member of the band The Turtles and part of the band Flo & Eddie. The Turtles were formed in 1965 and were active until 1970. Their debut studio album Out Of Control was released in 1963 as the Crossfires. They released the albums It Ain't Me Babe in 1965 and You Baby in 1966. Their album Happy Together was released in 1967 and reached #25 on the US Top 200 chart. The Turtles also released the albums The Turtles Present the Battle of the Bands in 1968, Turtle Soup in 1969, and Wooden Head in 1970. Their single "Happy Together" reached #1 on the Billboard Hot 100 chart. Kaylan was known as Eddie in the duo Flo & Eddie with Mark Volman. The group released several albums and several more along with Frank Zappa.

Read more: Howard Kaylan Net Worth

Kai Hansen net worth: Kai Hansen is a German heavy metal singer and guitarist who has a net worth of $4 million. Kai Hansen was born in Hamburg, West Germany in January 1963. He founded the band Gamma Ray and was the vocalist and lead guitarist. Hansen also co-founded the band Helloween. He joined the band Unisonic in 2011. With Gamma Ray he released the albums Heading for Tomorrow, Sign No More, Insanity and Genius, Land of the Free, Alive '95, Somewhere Out in Space, The Karaoke Album, Power Plant, Blast from the Past, No World Order, Skeletons in the Closet, Majestic, Land of the Free II, Hell yeah! – The Awesome Foursome – Live in Montreal, To the Metal!, Skeletons & Majesties, Skeletons & Majesties Live, and Empire of the Undead. Hansen has also six albums with Helloween, four albums with Iron Savior, five albums with Unisonic, and two albums with Hansen & Friends.

Read more: Kai Hansen Net Worth

Brandon Adams net worth: Brandon Adams is an American actor who has a net worth of $300 thousand. Brandon Adams was born in Topeka, Kansas in August 1979. From 1989 to 1991 he had a recurring role as Dion / Tino on the television series A Different World. Adams also had a recurring role as Aaron on the TV series Moesha from 1998 to 1999. Adams has starred in several films including Moonwalker, Polly, The People Under the Stars, The Mighty Ducks, The Sandlot, Ghost in the Machine, D2: The Mighty Ducks, and more. He has also appeared in episodes of the TV series Quantum Leap, Empty Nest, Martin, South Beach, The Fresh Prince of Bel-Air, Roc, Boy Meets World, Sister, Sister, The Burning Zone, and more. Brandon Adams has won Young Artist Awards for Best Young Actor/Actress in a Film Made for Video and for Outstanding Youth Ensemble in a Motion Picture.

Read more: Brandon Adams Net Worth

Ah LaCroix, that delicious sparkling beverage we are all addicted to. Nick Caporella is the 82-year-old founder of LaCroix. New allegations have surfaced against him. Two pilots have filed lawsuits against the octogenarian alleging sexual harassment. They are accusing him of inappropriately touching in the cockpit of his jet on multiple occasions. Caporella flies the corporate jet beside co-pilots. Both of the accusers are men. The lawsuits name both Caporella and National Beverage Corp. as defendants. The lawsuits claim the sexual misconduct occurred between 2014 and 2016 on more than 30 flights.

Caporella's attorney, Glenn Waldman, called the allegations false and "scurrilous." Waldman said that National Beverage Corp.'s management hired him to look into the allegations. He determined that they were not true and accused the plaintiffs of targeting Caporella because he is in his 80s and wealthy. Waldman also said that he spoke with a number of other pilots who flew with Caporella who had never experienced inappropriate touching.

Additionally, Caporella and National Beverage report that both of the accusing pilots were fired from their jobs for poor performance.

Randy Shropshire/Getty Images

One lawsuit that was filed in Florida in December 2016 was settled in January 2018 according to court records. The terms of the settlement are not known. The other lawsuit was dismissed by a federal court because it was in the wrong jurisdiction. It was refiled in December 2017 in Broward County, Florida and is pending.

Both pilots were hired by Caporella to fly as second-in-command for the CEO. The pilots were paid by Broad River Aviation, Inc., the company that operates the National Beverage Corp. jet. Caporella is Broad River's president. The pilots told executives at Broad River about the alleged inappropriate touching. Nothing happened and the behavior continued, according to the plaintiffs.

The pilots have alleged that Caporella reached over the cockpit's controls and grabs his co-pilot. Lee Schillinger is the attorney for the pilots, he said that Caporella is trying to prove that he is in control with this behavior.

Terrence Huenefeld and his wife filed one of the lawsuits. He spent roughly five months working for Caporella. He accused him of "repeated unjustified, unwarranted and uninvited grabbing, rubbing and groping of Terry's leg in a sexual manner, reaching up towards Terry's sexual organs "on 18 flights that took place between March and July 2016, according to court documents. Caporella settled this lawsuit. As a condition of the settlement, Huenefeld withdrew all of his allegations.

Vincent Citrullo is the second pilot. He reported a similar pattern of behavior during more than a year of employment with Caporella. His lawsuit alleged that Caporella grabbed him under his armpit, under his thigh, and moved his right hand up his left leg towards his genitals on 14 flights from March 2014 to July 2015. This case is scheduled for deposition soon.

Caporella has denied all allegations.

National Beverage was a smaller company trying to compete with the larger beverage companies until LaCroix became a bestseller. National Beverage acquired LaCroix in 1996 and rebranded it as a lower-priced alternative to Perrier. Caporella has run National Beverage since 1985. He owns 73.5% of the company's shares.

Read more: Billionaire LaCroix Founder Accused Of Sexual Misconduct

Cristiano Ronaldo is one of the most decorated soccer players ever. The five-time Ballon d'Or winner helped Real Madrid win the UEFA Champions League for the third straight time, but it was a comment soon after that has gotten people talking. Ronaldo said, "it has been great being at Madrid."

Ronaldo often spoke in vague phrasing like that, usually to receive a raise from his club. This time, though, the popular player is serious – Real Madrid will accept Ronaldo's transfer request.

It seems a move to Juventus is imminent. But the big question is how much would the club have to spend to keep Ronaldo happy?

Francois Nel/Getty Images

Under his most recent deal, Ronaldo made about $60 million per year. His biggest rival, Lionel Messi, receives about $80 million from Barcelona. Ronaldo would likely demand at least as much as Messi, perhaps slightly more.

Paying Ronaldo would require some exorbitant spending from Juventus. Let's assume a transfer fee of $120 million for a four-year contract. If that happens, Ronaldo, who would be 37 by the time that deal ends, would cost Juventus in the neighborhood of $440 million. That's not even accounting for any amortization charges or additional fees.

When Ronaldo joins Juventus, the club's salary costs would increase by 40 percent. Ronaldo would earn 12 times the current average wage for Juventus players.

Juventus already regularly sells out its matches, and even with Ronaldo onboard, an increase in TV revenue probably wouldn't happen. In order to handle Ronaldo's high salary, Juventus would likely have to sell multiple players.

Meanwhile, Real Madrid won't rest on its laurels for long. The club has done a great job finding players with global appeal and will continue that strategy. Neymard, Kylian Mbappe and Harry Kane are all potential players that could take Ronaldo's place.

It's going to be strange seeing Ronaldo in a new uniform next season. But that uniform comes with a dollar amount that Real Madrid just wasn't willing to pay.

Read more: Cristiano Ronaldo Is Leaving Real Madrid For Juventus, In What Might Be A $450 Million+ Deal

Glassnote Entertainment Group, the label that's been with Donald Glover aka Childish Gambino for most of his recording career, is now filing suit against the artist, as reported by TMZ. Glassnote says that Glover has failed to pay over the company's share in certain streaming royalties, which they say have come to around $700,000 and counting.

Glassnote alleges that of that seven hundred grand, Glover hasn't paid them anything out of that figure. Strangely, the company also claims that it has paid Glover more than $8 million over the course of their working relationship, and expects to pay him another $2 million in royalties over the next three months — but they're still choosing to go to court to clear up their dispute over $700,000 in streaming royalties. Glassnote also claims that at some point Glover "made a $1.5 million demand from them" over the lucrative streaming royalties to his music.

Kevin Winter/Getty Images

Variety reports that "for reasons which aren't entirely clear from the filing," Glover has been getting 100 percent of SoundExchange "non-interactive digital performance royalties" stemming from digital radio platforms like Pandora, SiriusXM, and certain parts of streaming services like Spotify ever since he left Glassnote in late 2017, signing with RCA early this year. Glassnote says that according to their contract they are actually owed fifty percent of those royalties, and that Glover has failed to pay up:

"In late 2017, the License Agreement expired. Shortly thereafter, Glover, apparently unsatisfied with the approximately $10 million in royalties already paid or due to him by Glassnote and the 45% of the public performance royalties from SoundExchange, took the position that he was entitled to the entirety of Glassnote's 50% share of public performance royalties from SoundExchange — and that Glassnote was not entitled to any such royalty."

Glover signed on with Glassnote Entertainment Group in 2011,  releasing three albums as well as multiple mixtapes with the label.

Read more: Donald Glover Sued By Label Over Streaming Royalties

It's no secret that college is expensive. Between tuition, housing, books, meal plans, and a host of other fees, many students find it challenging to pay for everything. Scholarships, financial aid, and part-time jobs help, but they're not always an option for everyone – and they still may only cover a portion of the costs.

LSU student Jhane Nichol found herself in that very same situation. Entering her final year of college, she faced $10,000 in tuition. She worked two jobs, but that was only enough to pay for half; she still needed $5,000. And every loan she applied for turned her down.

Kevin C. Cox/Getty Images

So, like any smart entrepreneur, Nichol turned to her network. She created a GoFundMe page asking for assistance, whether it was just $1, $2, or $5. Every little bit would help.

Luckily for Nichol, her tweet happened to be spotted by Jaguars running back Leonard Fournette. Fournette, who's currently on a deal that will pay him $27 million, helped lead the Jaguars to the AFC Championship Game last year. But he wasn't done spreading the wealth.

He offered to pick up the rest of Nichol's tuition:

Looka my dawg dm me yo number I'll pay the rest for you …….. https://t.co/gy0u0iCs9A

— 7⃣ Leonard Fournette (@_fournette) July 3, 2018

Fournette knew Nichol from his days at LSU, where she serves as a trainer. She's also from New Orleans, Fournette's hometown.

"I feel like everybody needs that chance to do something they want to do in life," Fournette said.

Thanks to his generous donation, Nichol will get to complete her senior year and receive a college degree. And that's an incredible accomplishment.

Read more: Jacksonville Jaguars RB Leonard Fournette Paid The Tuition For A College Student

Earlier today, Forbes released an upcoming cover story that claimed Kylie Jenner is worth $900 million. 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. If we here at CNW have anything other than $900 million as Kylie's net worth, we'll get 10 emails a day from angry Kylie fans telling us we're idiots.

More importantly, I'm frustrated because their math to come up with a $900 million net worth is just totally silly and not based in reality:

Forbes calculates her $900 million net worth by assuming Kylie Cosmetics is worth $800 million and that Kylie has a separate net worth of $100 million. Let's tackle the cosmetics valuation first.

Forbes states that Kylie Cosmetics grossed $330 million in 2017, roughly $100 million of which was profit. Therefore to achieve an $800 million valuation, they are assuming what they claim is a "conservative" 8X multiple (annual profits multiplied by 8). I believe that is an extraordinarily high multiple, nowhere near conservative. Private technology companies sell for 8-10X 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. In mid-2017, Kris Jenner told Forbes that Kylie Cosmetics was on pace to do $400 million in sales for 2017. Well, they actually did $330 million. That's 20% lower than what was promised. Did Christmas sales not turn out well?

If you read the Forbes article, they themselves state that 2017 Kylie Cosmetics revenue was only 7% higher than 2016. 7%. Not exactly rocket-ship growth.

Oh and did we mention that sales of Kylie's flagship lip-kit were down 35%, year over year? 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 2018 compared with the same period last year. A claim that Forbes couldn't verify."

This quote is coming from the same woman whose 2017 revenue predictions were off by $70 million. 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. We're talking about a company that missed revenue targets last year by $70 million, ended up posting extremely weak growth while seeing it's main product line TANK by 35%. Why on earth would anyone pay an extremely high multiple for the company I just described?

A more reality-based multiple would be 3-4X profits. Using 4x, if someone bought Kylie Cosmetics, it would sell for $400 million. After Kylie gave 20% to the US Treasury for long-term capital gains and 13% to the California Franchise Tax Board, she'd be left with $268 million. We estimate that Kylie's non-cosmetics assets are worth $40 million, not $100 million, which would mean after a sale she would be left with a net worth of $300 million. Using a 3X sale multiple, she'd be left with a $240 million net worth. Compare those numbers to the $900 million.

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." Lots of people are taking issue with anyone who calls a Kardashian/Jenner self-made. As comedian Franchesca Ramsey tweeted:

"Being born into extreme wealth and instant fame is the exact opposite of 'self made.'"

Even Dictionary.com took a shot over their official Twitter account:

Self-made means having succeeded in life unaided.

Used in a sentence: Forbes says that Kylie Jenner is a self-made woman. https://t.co/sr8Ncd7s5A https://t.co/ehEL7Cf6KV

— Dictionary.com (@Dictionarycom) July 11, 2018

Sooo look. I'm not just being a hater. Clearly Kylie has been EXTREMELY successful and deserves a ton of praise and credit. 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!).

Personally, I would LOVE to see Kylie's cosmetics company become worth hundreds of millions or billions of dollars. It would result in a ton of traffic and dozens of great articles for CNW to cover.

Read more: Kylie Jenner Is Not Worth $900 Million. That's A Silly Invented Headline To Sell Magazines

Kylie Jenner is 20 years old. She's a member of the Kardashian-Jenner family. She's a mom. She's a model. She's a makeup mogul. And (if you believe a somewhat dubious Forbes article) she's very close to becoming a billionaire. According to a July 2018 Forbes cover story, Kylie Jenner currently has a net worth of $900 million. I'll let that sink in for a moment. What Kim Kardashian did for bodacious booties, Jenner has done for full, pouty lips. Kylie has followed the Kardashian business model of leveraging her assets for fame and money. The thing is though, Kylie may be the best businesswoman in her famous family.

Kylie Cosmetics is one of the hottest makeup companies in history. She launched it two years ago with a $29 lip kit containing a lipstick and lip liner. Since that time, Kylie Cosmetics has sold more than $630 worth of makeup—with $330 million of that in 2017. Kylie Cosmetics is worth an estimated $800 million. Kylie Jenner owns 100% of Kylie Cosmetics.

And that isn't the only revenue stream for the 20-year-old. She's made millions from the family's TV shows and from endorsing products like PacSun clothing and Puma shoes. One more year of growth in Kylie Cosmetics and her other ventures will make her the youngest self made billionaire ever. Mark Zuckerberg was 23 when he became a billionaire. Kylie will be 21 when she becomes a billionaire if things continue as they are.

Ari Perilstein/Getty Images

Of course, we live in the age of social media and that has really helped Kylie reach her fans and customers. Kylie outsources the manufacturing, packaging, sales, and fulfillment. Kris Jenner handles the business side in exchange for the 10% cut she takes from all of her kids. Basically, all Kylie does to make that staggering about of money is leverage her social media following. She takes to Instagram and Snapchat nearly hourly posting pouting selfies about which shade of Kylie Cosmetics she's wearing, posts videos of upcoming products, and announces new launches. It doesn't sound like much until you consider the fact that she has more than 110 million followers on Instagram alone, many of whom are young women and girls—the target audience for those peddling lip gloss and mascara.

She is a 20-year-old from a family who is famous for being famous and she is almost a billionaire.

The $532 billion beauty industry has always been driven by role models and influencers. Kylie is benefitting from the fact that women 18-34 have been turning away from brands like L'Oréal and Estee Lauder in favor of products they learn about via social media.

Kylie used $250,000 of her modeling earnings to manufacture the first 15,000 lip kits. She spent months teasing the kits on Instagram and announced the launch on social media the day before they went on sale. The lip kits sold out in less than a minute. Kylie Lip Kits relaunched as Kylie Cosmetics in February 2016 with 500,000 lip kits in six shades stocked. By the end of that year, Kylie's company was selling 50 or so products with revenue of $307 million.

The question needs to be asked—could Kylie sell Kylie Cosmetics to a company like Sephora or Ulta for the ultimate cash out? It could be a game changing acquisition for a company.

Kylie Cosmetics has generated around $230 million in net profit. Sometime over the next year, Kylie Jenner will assume the title of the world's youngest self-made billionaire.

To read a counter-point of why the $900 million net worth headline is probably false please read this article:

Kylie Jenner Is Not Worth $900 Million. That's A Silly Invented Headline To Sell Magazines

Read more: Kylie Jenner Is Very Close To Becoming A Self Made Billionaire (According To A Very Dubious Forbes Headline)

The tech industry has been the focal point of new wealth for years now, and there doesn't seem to be any better way of getting rich quick than coming up with an app or social media site that catches on like wildfire, then reaping the benefits by way of one financial maneuver or another.  And that trend doesn't appear to be slowing down, as the tech industry is already reported to have generated 11 new billionaires so far this year alone. Here they are:

Arash Ferdowsi

Ferdowsi is the founder of Dropbox, which went public back in March. He made a slick entry into the tech billionaires' club in the process.

Daniel Ek

Michael Loccisano/Getty Images

Ek, co-founder and CEO of music streaming giant Spotify, saw his company go public the following month in April, and with it a $5.8 billion payday for himself and the company's other founders.

Binny Bansal and Sachin Bansal

AFP/Getty Images

A well-timed IPO isn't the only way to get rich quick in the tech world. Bansal's shopping app Flipkart was purchased (77 percent of it, anyway) by Walmart in May, and Bansal came out of the deal a billionaire. Sachin Bansal (no relation to Binny) is another Flipkart co-founder who became a billionaire following Walmart's investment.

Baiju Bhatt and Vlad Tenev

Noam Galai/Getty Images

Baiju Bhatt and Vlad Tenev (pictured above) are co-founders and co-CEOs of the mobile investment app Robinhood. Their company recently underwent a successful round of funding that increased its valuation to $6 billion.

Pavel Baudiš

Baudiš co-founded internet security company Avast, going on to take the company public in London in May of this year, and finding himself a billionaire afterwards.

Tom Preston-Werner, Chris Wanstrath, and PJ Hyett

All three co-founders of GitHub entered the realm of new tech billionaires when their company was bought up by Microsoft just last month.

Arnout Schuijff

Schuijff is the most recent of 2018's new tech billionaires, but you can be sure he won't be the last. He joined the club in June as well, when the payment app Adyen which he co-founded went public.

Read more: These Are The Newest Tech Billionaires Of 2018

It's not news that a lucky select few video game experts are raking in big bucks thanks to their skills on the screen. But it may still come as a surprise just how lucrative competitive video games have become, and how lucrative they're likely to be in the near future. That's the subject of a new piece from Louis-Etienne Dubois, Assistant Professor at Ryerson University's School of Creative Industries and Laurel Walzak, Assistant Professor at the same university's RTA School of Media. They predict that the future is very bright for the world of eSports, and that in the future the industry's popularity will continue to grow, so much so that "on its current trajectory is estimated to reach US$1.4 billion by 2020." And that means even bigger bucks ahead:

"This popularity also opens up more opportunities to compete on the professional level and earn huge endorsements, prize money and salaries just like LeBron James, Serena Williams, Danica Patrick or Sidney Crosby."

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That popularity has already begun to attract big time corporate sponsors, including Red Bull, Coca-Cola, and Samsung, all of which have been early sponsors of various eSports events and personalities. Other big companies, some in the traditional sports world are also interested in sports' more slovenly cousin, like ESPN investing in digital streaming platform BAMTech for the purpose of launching its own streaming platform that could be used to broadcast live video games. And competitive video games tend to interest a particularly attractive demographic for advertisers and media companies: Young people within the coveted 18-34 age bracket.

College eSports are also slowly but surely turning into facsimiles of their athletic counterparts, as schools launch their own eSports programs all over the world, complete with scholarships.

Right now, pro video game tournaments award top players cash prizes, like one in Valve's battle arena game Dota 2, the best players of which recently got a $20 million prize. And all indicators seem to be pointing towards even more top-dollar prizes as more and more people turn their eyeballs (and dollars) to eSports.

Read more: Pro Gamers Are Soon On Track To Earn As Much As Pro Athletes

The Village People's "Y.M.C.A." turns 40 years old this year. But it's still just as popular as the day it was released. You'll hear it at just about every sporting event in the world, and it's nearly impossible to resist spelling out the letters as they play. It's a catchy tune that's easy enough to sing and dance along to, which is never a bad thing.

Oh, and it's also made its writer millions of dollars.

Victor Willis, who played the cop in The Village People, owns half of the copyright to the band's entire catalog thanks to a legal victory a few years ago. He says it took him six hours tops to write the entire song – and he penned the final draft in just ten minutes.

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As a result, Willis has earned millions of dollars from "Y.M.C.A." And while he's generally resisted lavish purchases, he's had the occasional splurge.

Willis once bought a gold Cartier watch encrusted with diamonds for $100,000 simply because he liked how it looked. He also regularly takes cruises with his wife and owns a multi-million dollar mansion in San Diego.

Though the singer/songwriter doesn't know exactly how much he's earned from "Y.M.C.A," he estimates that it's been "millions of dollars a year" over the last 40 years. And in a true show of confidence, Morris said he expected the song to make that much.

One of the keys to Morris's success was hanging onto his music catalog. He received several offers to sell it in the 1980s, even for millions of dollars, but he refused. His own music catalog increases in value every year. By owning half of the Village People's catalog, he makes money whenever the song gets performed.

As far as investing his money, Morris avoids the stock market. Instead, he keeps his money in the bank or in businesses. He's become a more cautious investor and learned the importance of doing your homework thanks to a sham oil investment. Morris spent hundreds of thousands of dollars on the advice of his investor for a fraudulent company.

Luckily, "Y.M.C.A." won't be going away anytime soon, so Morris can recoup his losses. And that's beautiful music to his ears.

Read more: "Y.M.C.A." Took Just Six Hours To Create… And It's Still Earning Its Writer Millions

Steve Wright net worth and salary: Steve Wright is an English broadcaster who has a net worth of $6 million. Steve Wright was born in Greenwich, London, England in August 1954. He is a radio personality who is credited with creating the zoo format. The format includes zany personalities. He is the presenter of Steve Wright in the Afternoon as well as Steve Wright's Sunday Love Songs on the BBC Radio 2. He has also hosted several shows on BBC Television including Home Truths, Auntie's TV Favourites, The Steve Wright People Show, Top Of The Pops, and TOTP2. Wright is very popular and has won the Best DJ of the Year award and the TRIC Personality of the Year. He hosted Steve Wright in the Afternoon from 1981 to 1993 and then the Radio 1 Breakfast Show. Steve Wright joined BBC Radio 2 in 1996. In 2005 he authored the book Steve Wright's Book of Factoids. According to a government disclosure in 2018, Steve Wright's salary is $550,000 pounds per year, which is the same as $726 thousand USD per year.

Read more: Steve Wright Net Worth