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Kylie Jenner Is No Longer A Billionaire According To Forbes

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Kylie Jenner Allegedly Forged Her Tax Returns To Be The Youngest Billionaire 

Kylie Jenner Allegedly Forged Her Tax Returns To Be The Youngest Billionaire

Kylie Jenner has been carrying the ‘youngest self-made billionaire’ tag for a long time now, but according to Forbes, she manipulated her way on the list and after thorough findings, they’ve denounced her as a billionaire.

On the 6th of March, 2019, Forbes announced Kylie as the youngest self-made billionaire ever. “Even younger than Mark Zuckerberg, who was 23 when he reached a ten-figure fortune,” the publication wrote.




“To be clear, since 2014 Forbes has defined “self-made” as someone who built a company or established a fortune on their own, rather than inheriting some or all of it. As long as the list member didn’t inherit a business or money, they are labeled self-made.”

 

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However, after looking further into her wealth, they found out that she is no longer a billionaire, calling her a liar and accusing her of hiding things in the fine print of her extravagant deal with Coty and that Mark Zuckerburg may still hold that title.

Kylie Jenner sold a majority stake in her company, Kylie Cosmetics, to Coty in a deal valued at $1.2 billion. The makeup mogul reportedly pocketed a cool $340 million from the deal, which would have made her the youngest self-made billionaire.

Forbes claims the Kardashian family created a “web of lies” to give off the impression that Kylie is richer than she actually is. Forbes is now estimating Kylie’s personal net worth at just under $900 million, which is obviously still impressive.




The company also accuses Jenner of “lying about company figures and forging tax returns”.

 

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