Let’s preface this by saying that Kylie Jenner is ridiculously rich. She’s got more money than any of us will ever see in our lifetimes. However, to say that she’s the youngest self-made billionaire is a lie, according to Forbes.
After providing her that title last year, the publication has looked further into her wealth and determined 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.
As you may know, 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. However, Forbes notes that Mark Zuckerburg may still hold that title after looking into the fine print.
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The company is making extraordinary claims that 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.
Forbes has accused Jenner of “lying about company figures and forging tax returns” after Coty released filings that reveal her empire to be much smaller than previously believed.
What do you make of these claims?
