Kylie Jenner Loses Billionaire Status

Kylie Jenner has fallen off billionaire status after Forbes re-evaluate her true wealth which they have estimated to be lesser than what they reported in 2018 when the model was announced as the youngest self-made billionaire ever. 

What could have happened to Kylie and her cosmetics business? Well, the magazine accused the KUWTK reality show star of lying about the true successes of her Kylie Cosmetics which they claimed were fabricated. Forbes reportedly alleged that her accountant and her mother Kris Jenner helped in amending her financial books just so she fit into billionaire rankings. 

Forbes found out that the initial annual financial reports that the beautician made over £300million between 2016 and 2018 were false according to TMZ. Rather, the true amount they came up with after re-evaluation was in the region of $125m and $177m for 2017 and 2018 respectively. 

Responding to the report, Kylie blasted the magazine saying, "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."

Despite scrapping that billionaire title off Kylie, her net worth is yet near a billionaire as she is reportedly estimated to worth just a little above $900 million. Keep in mind that she sold 51 percent of her stake in her company to another beauty company named Coty. 

She added, "But okay. i am blessed beyond my years, i have a beautiful daughter, and a successful business and i'm doing perfectly fine."