Kylie Jenner stripped of billionaire title

By admin On May 29, 2020

Kylie, 22, was named “The Youngest Self-Made Billionaire Ever” by Forbes in 2019. The publication said she even beat Facebook founder Mark Zuckerberg by a few years (he was 23 when he claimed the crowns).

The beauty mogul sold off the majority share of her makeup empire,51% to be precise, in November 2019 for $600m (£484m) in what was slated as “one of the greatest celebrity cash outs of all time.That sale meant her business was valued at roughly $1.2 billion.

But now it turns out that she has been inflating the size and success of her business for years.An article on Forbes titled ‘Kylie Jenner’s Web Of Lies’ alleges that the Kardashians went to great lengths to prove Kylie’s wealth including creating tax returns which were probably forged.

The writers claim “the business was never that big to begin with, and the Jenners have lied about it every year since 2016 – including having their accountant draft tax returns with false numbers – to help juice Forbes’ estimates of Kylie’s earnings and net worth”.

“While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying.”

In light of the allegations, Forbes has recalculated Kylie’s net worth, and apparently she’s no longer a billionaire.Her new net worth is likely to be estimated around “just under $900 million”.

Kylie reacted to the claims on twitter saying,Friday afternoon and she wasn’t pleased. “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? So you just THOUGHT they were forged? Like actually what am I reading. But okay I am blessed beyond my years, I have a beautiful daughter, and a successful business and I’m doing perfectly fine,” she added.