'Forbes' Says Kylie Jenner Faked Her Billionaire Status

'Forbes' Says Kylie Jenner Faked Her Billionaire Status

'Forbes' Says Kylie Jenner br Faked Her Billionaire Status In 2019, 'Forbes' named the 22-year-old br as the youngest self-made billionaire. Now, the publication claims Jenner br was not truthful about her net worth br and that she forged tax returns. 'Forbes' made the accusations in a new br article titled, 'Kylie Jenner's Web of Lies -- br and Why She's No Longer a Billionaire.' Jenner was thought to be worth 10 figures after br selling makeup line Kylie Cosmetics for $600 million. 'Forbes' says that the business is much smallerbr and less profitable than the Jenner family and br reps have led others to believe. 'Forbes' adds that since 2016, the Jenner family br may have been lying about the business' success. The magazine also cited filings br from beauty company Coty, br which took a 51 percent stake br in Kylie Cosmetics late last year. A Coty filing reveals br that Jenner's makeup line tookbr in around $125 million in 2018. The Jenner family had previously br said the makeup line took in br $360 million that year. After taxes from the Coty deal and impact from COVID-19, br 'Forbes' says Jenner is worth under $900 million. Jenner has since responded to br the magazine on social media.


User: Wibbitz Top Stories

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Uploaded: 2020-05-29

Duration: 01:42

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