AceShowbiz -

Is Kylie Jenner on the verge of bankruptcy? Rumor has it, the 18-year-old is in danger of going flat broke because of her lifestyle and bad investment in her cosmetic line. Sources tell RadarOnline.com, "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."

According to the site, Kylie made a bad decision by pouring millions "into her ill-performing cosmetics company." An insider says, "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 rapper himself is alleged of "siphoning off over $2 million" from the reality TV star.

But Kylie's biggest problem is reportedly her lifestyle. "She's been burning through a fortune on private jet travel, real estate, fashion splurges, surgery," the so-called insider adds. "She has zero sense of financial responsibility and it's taken a real toll."

The site's claims, however, don't sound really make sense. Kylie's couldn't be broke if she still has "a quarter" of $10 million. Plus, her Lip Kit has been selling well. She recently also launched a new product, bronze Kyshadow palette, which was sold out just one minute after the release, according to E! Online.