Forbes, the magazine that dubbed Kylie Jenner the youngest billionaire in the world in 2019, has published a report that questions the validity of Kylie Jenner’s billionaire status, claiming that the entrepreneur and influencer inflated her net worth. Suffice to say, Jenner is not pleased.

“What am I even waking up to,” she wrote on Twitter. “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.”

The lengthy article analyzes Jenner’s revenue from her different business endeavours including her cosmetics line, Kylie Cosmetics. After reviewing files from Coty, the company that Jenner sold 51 percent of Kylie Cosmetics to, Forbes deduced that her cosmetics company “is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and media outlets to believe.”

They also reported that the Kardashian-Jenner family invited the outlet “into their mansions and CPA’s offices, and even creating tax returns that were likely forged,” in an effort to demonstrate their wealth. “That’s your proof?” Jenner tweeted in response to that statement. “So you just THOUGHT they were forged? Like actually what am I reading.”

The magazine estimates that Jenner’s net worth is now “just under $900 million,” with COVID-19 impacting Kylie Cosmetics’ sales. “More than a third of that is the estimated $340 million in post-tax cash she would have pocketed from selling a majority of her company,” Forbes proposed. “The rest is made up of revised earnings based on her business’s smaller size and a more conservative estimate of its profitability, plus the value of her remaining share of Kylie Cosmetics—which is not only smaller than the Jenners led us to believe, but is also worth less now than it was when the deal was announced in November, given the economic effects of the coronavirus.”

Jenner finished her string of statements on Twitter by subtly acknowledging the greater significance of current events (COVID-19 and the numerous racial injustices) than how much her estate is worth. “I can name a list of 100 things more important right now than fixating on how much money I have.”


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