So how much is Kylie Jenner really worth?
According to an article shared by Forbes on Friday May 29th, Kylie Jenner has been stripped of her 'billionaire' title and the makeup mogul and her momager Kris Jenner have been accused of providing false documents and exaggerated earnings in order to get Kyloe listed on the highly coveted Forbes 'Self Made' List.
In March 2019, Forbes dubbed Kylie Jenner, the younger in the Kardashian-Jenner clan, the world's youngest self-made billionaire. This accolade drew much suspicion and even frustration as some accused her of being anything but self-made as her fame and fortune can largely be attributed to her family's name and established business success.
Today in May 2020, the skincare and make-up mogul has been stripped of her billionaire status by the American business magazine, which has accused the now-22-year-old of faking her way on to its billionaire list.
As reported by Forbes. the documents suggest that Kylie's profitable namesake makeup and skincare brands may not be as successful as she's led everyone to believe.
It's believed that Kylie, Kris and their team have not only provided fake documents to exaggerate her wealth but also concealed the fact that a small share of the company is owned by Kris, which would make Kylie owner of only 44.1% of her company thereby decreasing her actual networth and earnings.
The article entitled 'Inside Kylie Jenner's web of lies- and why she's no longer a billionaire' claims that, 'The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice Forbes’ estimates of Kylie’s earnings and net worth.'
So how much is she really worth?
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.
Although the above may seem ridiculous to those who live in the 'normal' world and especially during the current economic crisis due to the coronavirus, the 'billionaire' title and Forbes magazine cover was so celebrated by the Kardashian Jenner clan, it's hard to believe that the entire thing was just a charade orchestrated by the rich because they wanted to seem richer.
Kylie swiftly took to social media to express her outrage at the article with a string of tweets.
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
Kylie seems unscathed by the accusations and shockingly Kris Jenner had nothing to say about it.
Do you think that a report like this is 'tone deaf' given the current pandemic?
Let us know in the comments below!