Forbes Redacts Kylie Jenner Billionaire Claim

By 1 month ago

Forbes Magazine has rescinded their declaration that Kylie Jenner was a billionaire. They now claim that Jenner's net worth was inflated. Jenner, however, is not taking their claims lightly. 

Forbes posted a story stating that upon further examination of the reality star and beauty mogul's net worth, it was found to have been inflated. Jenner sold a majority share of 51% in her Kylie Cosmetics company to Coty earlier this year; the deal was valued at $1.2 billion.

"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 outlet stated. "Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire."

Jenner fired back at Forbes in a series of tweets. "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 wrote. "i’ve never asked for any title or tried to lie my way there EVER. period."

The youngest of the Kardashian clan 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."

Forbes' original headline from March 2019 read, "At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever." On Friday, they redacted their initial findings with a new headline: "Inside Kylie Jenner’s Web of Lies — And Why She’s No Longer a Billionaire."

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