The young billionaire Kylie Jenner has been stripped of her title of youngest self-made billionaire by Forbes.
The 22-year-old is accused in a scathing new Forbes report of lying about her wealth.
And also not really saying the truth about her wealth and her money.
And furthermore for forging tax returns in order to inflate her net worth and affluence.
Just last year, the one of the popular business magazine named Jenner who was just 21 years old then.
As the youngest-ever self-made billionaire after she sold her makeup company which everyone knows as Kylie Cosmetics.
She sold the company for a whopping sum of $600 million in a deal valued at $1.2 billion though.
As for Forbes, they said in its report recently about it “now thinks that Kylie Jenner.
Even after pocketing an estimated $340 million after tax from the sale, is not a billionaire.”
Just as the publication analyzed six months of filings from Coty, the publicly traded company that acquired a 51 percent stake in Jenner’s business in November.
And they showed that “Kylie’s business is significantly smaller, and less profitable.
Than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.”
In her words, she says she is not happy at all with the reports Forbes gathered together about her.
Check out her tweets and conversation below.
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