Forbes Says Kylie Jenner Lied About Her Business, Was Never A Billonaire.

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The reality TV Star and cosmetics mogul, Kylie Kristen Jenner who was formerly termed one of the youngest self-made billionaire has been stripped off that title as Forbes accused her of inflating size of her business and profits.

Forbes says “a web of lies” led to the magazine calling Kylie Jenner a billionaire.

The magazine lamented that an examination of financial filings after the reality star and beauty mogul sold a majority share in her cosmetics company revealed that Jenner’s worth was inflated. Jenner sold 51% of her Kylie Cosmetics company to Coty in a deal valued at $1.2 billion early this year.

“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,” the magazine said in the story. “Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire.”
Kylie made a swift response to this on Twitter saying “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.”

She later tweeted, “but okay, i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine. i can name a list of 100 things more important right now than fixating on how much money i have.”

 

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