Forbes Strips Kylie Jenner of ‘Youngest Billionaire’ Title

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5 years ago

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After bestowing the illustrious title of the world’s youngest self-made billionaire to Kylie Jenner in 2019, Forbes magazine is now stripping the makeup mogul of her crown saying Jenner lied about her fortune.
According to a new explosive report in Forbes, the publication contends tax returns provided by the Jenner family in 2016 were “likely forged” and that the 22-year-old “is not a billionaire.”
“Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire,” the publication shared with readers. “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.” Kylie, meanwhile, has been quick to clap back at Forbes, telling fans via Twitter, “what am i even waking up to. I thought this was a reputable site.. All i see are a number of inaccurate statements and unproven assumptions lol. I’ve never asked for any title or tried to lie my way there EVER period.” “‘Even creating tax returns that were likely forged’ that’s your proof?” Kylie struck back at Forbes, who allege she faked her tax returns. “So you just THOUGHT they were forged? Like actually what am i reading.”
“Inside Kylie Jenner’s Web of Lies – and Why She’s No Longer a Billionaire,” Forbes reports they asked the Jenners for more input on their numbers, but failed to get a response.
“As usual, we asked the Jenners for input on our numbers,” Forbes writes. “But pressed for answers on the many discrepancies, the typically chatty family did something out of character. They stopped answering our questions.” “But okay. I am blessed beyond my years,” Kylie clapped back at the report. “I have a beautiful daughter, and a successful business and I’m doing perfectly fine.”

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