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Kylie Jenner created history when she was crowned the youngest billionaire last year. For the unversed, the reality star was just 21 years of age at that time. Listed by Forbes, she was found to be worth $1 billion. In a latest development, the Kylie Cosmetic owner’s title has been revoked.
Yes, you heard that right. Kylie Jenner is no more officially a billionaire. Forbes magazine has revaluated her worth, and alleges that the makeup mogul had inflated her net worth. As per the magazine, the KUWTK star sold 51% of her makeup line to Coty. The deal was almost worth $1.2 billion which changes the entire equation in her overall worth.
A statement by Forbes magazine reveals the same as, “Kylie (Jenner)’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. Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire.”
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But what was Kylie’s reaction to it all? The Kylie Skin owner took to her Twitter and reacted to it all. In a series of tweet, Jenner mentioned how the last thing people should be worrying about currently is her billionaire status.
Check out Kylie Jenner’s thread of tweets below:
“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 began.
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
— Kylie Jenner (@KylieJenner) May 29, 2020
Another tweet read, “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.”
“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.
— Kylie Jenner (@KylieJenner) May 29, 2020
“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,” Kylie Jenner concluded.
but okay 🤍 i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine.
— Kylie Jenner (@KylieJenner) May 29, 2020
i can name a list of 100 things more important right now than fixating on how much money i have
— Kylie Jenner (@KylieJenner) May 29, 2020
However, the makeup mogul’s lawyer have now stated Forbes’ story is “filled with outright lies.”
“Forbes’ accusation that Kylie and her accountants ‘forged tax returns’ is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements. We would not expect that from a supermarket tabloid, much less from Forbes,” Kylie Jenner’s attorney Michael Kump said.
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