80% of the world to take COVID-19 vaccine - Bill Gates

According to American billionaire, Bill Gates, over 80% of the population of the world will be needing to take a vaccine for the coronavirus disease. He said that this is the only way it will work as a remedy to the pandemic.

The founder of Microsoft, has been the target of many conspiracy theories alleging that he has sinister motives behind pushing for vaccines for coronavirus, and other diseases.

While some conspiracy theorists allege that he wants to use the pretext of the vaccine to inject people with microchips to track them, some others say it's part of his evil plan to depopulate the world.

Others have suggested that the virus was deliberately unleashed on the world so that people can make money from selling a cure.

Some of the theories have circulated in Nigeria where 11,516 coronavirus cases have been recorded, killing 323 people.

In an interview with Radio 4 on Thursday, June 4, 2020, Bill Gates said that such theories are harmful to the efforts to save the world from the coronavirus pandemic.

The billionaire said such outrageous theories could derail efforts to get a majority of the world to take the vaccines and put an end to the coronavirus disease. He said,

"It is troubling that in times like that, and accelerated by digital tools, there is so much craziness.

Eventually when we have the vaccine, we will want to develop the herd immunity to have over 80 per cent of the population taken.

If they have heard that it is a plot, or vaccines in general are bad, and we don't have people willing to take the vaccine, then that will let the disease continue to kill people.

So it is a bit worrying that there is some of that crazy stuff.

We just write cheques to pharma companies (and) we happen to have a lot of the smart pharmaceutical expertise in our foundation, and are considered a fair broker between governments and the companies to help pick the best approach".

Breaking : Kylie Jenner replies Forbes claims about her assets

The title of Kylie Jenner as the world’s “youngest self-made billionaire” is being called into question. And the company that gave her the title in the first place, Forbes, is breaking the story.

According to a new report by Forbes, Kylie Jenner, 22, “has been inflating the size and success of her business for years.”

But they claim it is not just Kylie Jenner who has inflated her net worth. Forbes compared her to Donald Trump, and alleged that the family has even presented tax returns that “were likely forged” to convince the publication (and others) of their wealth.

Kylie Jenner took to Twitter shortly after the story broke to refute Forbes' claims. 

"What am I even waking up to?" she began. 

"I thought this was a reputable site.. all I see are a number of inaccurate statements and unproven assumptions lol," she continued. 

"I've never asked for any title or tried to lie my way there EVER. period," Kylie claimed.

Kylie also addressed Forbes' accusations of forged taxes, tweeting, 

"That's your proof? So you just THOUGHT they were forged?”

Kylie Jenner launched her business, Kylie Cosmetics, in 2015 with a line of 15,000 ‘Lip Kits’ that instantly sold out. In 2016, Jenner publicists allegedly tried to convince Forbes that Kylie Cosmetics had brought in over $400 million in the first 18 months, with Kylie earning $250 million.

Kylie Jenner is no longer a billionaire

According to Forbes, KylieJenner is no longer a billionaire, and she grossly over reported the revenues of her companies.

Kylie Jenner, sold 51% of her #KylieCosmetics to beauty giant Coty in a deal valued at $1.2 billion this January. In the deal’s fine print, a less flattering truth emerged. 

Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.

Taking all this new information into account and factoring in the pandemic, Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire. 

A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status. 

More than a third of that is the estimated $340 million in post-tax cash she would have pocketed from selling a majority of her company. 

The rest is made up of revised earnings based on her business’ smaller size and a more conservative estimate of its profitability, plus the value of her remaining share of Kylie Cosmetics—which is not only smaller than the Jenners led us to believe but is also worth less now than it was when the deal was announced in November, given the economic effects of the coronavirus.

Coty’s share price has fallen more than 60% since the deal was struck, and even better-performing competitors like Ulta Beauty and Estee Lauder are still down single digits. 

"Add that to the fact that Wall Street tends to think Coty paid too much to begin with and there is no way to realistically peg Kylie’s net worth above a billion—despite her massive cashout. 

As usual, we asked the Jenners for input on our numbers. But pressed for answers on the many discrepancies, the typically chatty family did something out of character: They stopped answering our questions."

Culled from Forbes Magazine