Forbes accuses Kylie Jenner of faking billionaire status

Aizbah KhanWeb Editor

29th May, 2020. 09:23 pm
Forbes accuses Kylie Jenner of faking billionaire status

Kylie Jenner was hailed as a very popular businesswoman, reality TV star and the world’s youngest billionaire, but now the American magazine has said that she lied about her wealth and she is no longer the youngest billionaire in the world.

Kylie Jenner was named a self-made young billionaire by the American magazine Forbes in 2018 when she was 21 years old.

She has more than a million followers on Instagram and a lot of influence on other social media networks. An example of this is that her 18 words Tweet caused a loss of Rs 1.30 trillion to Snapchat while Facebook had benefited with Rs 13 trillion.

He made millions of dollars from her company Kylie Cosmetics, of which she sold 51% of his shares to another company, Koti, last year.

But now Forbes reports that Kylie Jenner and her mother, Chris Jenner, have exaggerated their assets in documents published by the magazine to show the woman’s personal assets and the company’s income.

The magazine said it was clear Kylie’s camp had lied.

The magazine said the mother and daughter called their representatives to their homes and accountants’ offices and provided tax returns, which were possibly fake.

In fact, the magazine likened the process to the US president’s actions. “What has been done extraordinarily by both shows that some very rich people can do anything to look richer.”

Forbes estimates that Kylie Jenner’s assets could be as close as $900 million.

According to the report, in 2018, Kylie Jenner said that her company’s revenue was  $360 million, but Coty’s documents prove that this year’s revenue was $125 million.

In addition, the coronavirus pandemic has had a negative impact on cosmetics companies.

Neither Kylie Jenner nor Coty has made a statement in this regard.

Kylie Jenner may not be a billionaire, but she is definitely very rich, which is also reflected in her lifestyle.

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