Forbes magazine, In March 2019, Forbes had declared Jenner as the “youngest self-made billionaire”, said on Friday that it no longer believed that her net worth was that much.
Forbes has claimed that Kylie Jenner will no more remain the youngest billionaire in its new report, after accusing the make-up mogul of ‘inflating the size and success of her business’.
As per Forbes, “Kylie Jenner’s Web of Lies”, published on Friday, Forbes claimed that after procuring documents from Coty, which purchased 51 per cent share in Jenner’s Kylie Cosmetics company in November 2019, the US outlet has found out that the enterprise is “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe”.
Forbes now estimates the net worth of Jenner, 22, at around $900 million.
Kylie Jenner reacts on Twitter after Forbes says she is no longer a billionaire
Kylie Jenner hit back at the magazine on Twitter and wrote,
“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.” She added, “I’ve never asked for any title or tried to lie my way there EVER. period” After a series of dramatic tweets, Kylie Jenner wrote, “but okay I am blessed beyond my years, I have a beautiful daughter, and successful business and I’m doing perfectly fine.” Later on, Jenner slammed Forbes by writing, “I can name a list of 100 things more important right now than fixating on how much money I have”.