BY: Denver Sean
Published 5 years ago
Forbes published an article on Friday morning accusing Kylie Jenner of lying about her finances as they pertain to Kylie Cosmetics and say they were wrong — she’s not a billionaire.
“Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash-outs of all time,” the article stated. “But the deal’s fine print reveals that she has been inflating the size and success of her business. For years.”
The article then goes on to accuse Kylie and Kris Jenner of forging tax returns.
“During meetings at Kris Jenner’s palatial Hidden Hills, California, estate and the family accountant’s office nearby, Forbes was shown tax returns detailing $307 million in 2016 revenues and personal income of more than $110 million for Kylie that year. It would have been enough to put her at N0. 2 on the Celebrity 100 list, behind only Taylor Swift, the accountant was quick to point out. But the documents, despite looking authentic and bearing Kylie Jenner’s signature, weren’t exactly convincing since the story they told, of e-commerce brand Kylie Cosmetics growing from nothing to $300 million in sales in a single year, was hard to believe.”
Forbes estimates Kylie’s net worth as being just shy of a billion dollars, but they’ve revoked her “billionaire” status.
“Taking all this new information into account and factoring in the pandemic,Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire. A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status.”
Kylie took to Twitter to respond to the claims.
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
“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.
— 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
this is literally the LAST thing i’m worried about right now https://t.co/vw91YGDDmE
— Kylie Jenner (@KylieJenner) May 29, 2020
Fans began to call Kylie out for addressing this, but not the senseless killing of George Floyd — but Kylie reminded fans that she did.
i did. https://t.co/JgnnU0g2Cw
— Kylie Jenner (@KylieJenner) May 29, 2020
The post she’s referring to was shared just a few hours prior on Instagram.