Kylie Jenner isn’t a billionaire in any case. The youngest Kardashian-Jenner sibling faked her monetary standing as a way to land a Forbes cowl and earn the coveted billionaire designation, a bombshell report within the journal alleges.
Kylie Jenner’s ‘web of lies’
RELATED: Kylie Jenner Just Lost Her Problematic Billionaire Status and It Gets Even Shadier From There
Over the course of a number of years, Jenner spun a “web of lies” about her wealth and the success of her firm Kylie Cosmetics, in response to the business publication, which declared Jenner a self-made billionaire in March 2019. But that evaluation was based mostly on tax returns that have been possible pretend and different deceptive details about revenues for Kylie Cosmetics, the journal now says.
After reviewing monetary particulars made accessible following Coty’s buy of 51% of Jenner’s firm in November 2019, Forbes reporters realized that income from the sale of her well-known lip kits was a lot decrease than claimed. That meant that Jenner was not price as a lot as beforehand thought. The journal additionally uncovered paperwork suggesting that Kylie Jenner’s mom Kris Jenner owned a small stake within the business, regardless that she supposedly owned her whole business outright.
In a collection of tweets, Jenner disputed the journal’s declare she lied about her wealth. “I can name a list of 100 things more important right now than fixating on how much money I have,” the make-up mogul wrote.
Kylie Jenner remains to be the richest Kardashian-Jenner sister
Based on the brand new info, Forbes revised its estimate of Jenner’s wealth. She now has an estimated internet price of $900 million. So she’s not a billionaire, however she’s nonetheless very rich. She’s additionally nonetheless the richest of the Kar-Jenner sisters.
Jenner’s massive sister Kim Kardashian West had an estimated internet price of $350 million in 2018, in response to Forbes, making her the wealthiest of Kris Jenner’s daughters after Kylie. Khloé Kardashian, Kourtney Kardashian, and Kendall Jenner are every price an estimated $30 to $40 million. Momager Kris Jenner is price roughly $60 million.
Kanye West is a billionaire
RELATED: Is Kim Kardashian West the Reason Kanye West Is a Billionaire Today?
While Kylie Jenner is just not a billionaire, there’s one member of her prolonged household who’s. Jenner’s brother-in-law Kanye West. Forbes lastly topped the rapper a billionaire in April 2020. West had beforehand claimed the journal was “snubbing” him by not verifying his billionaire standing.
Forbes’ newest evaluation discovered that West earned $140 million from Yeezy gross sales in 2019. He owns 100% of the business however has an settlement with Adidas to fabricate and promote the sneakers. The firm is price an estimated $1.26 billion, in response to the journal’s estimates. Add in the remainder of his belongings and subtract mortgages and different liabilities, and West is price a complete of $1.Three billion. But West nonetheless insists that determine is inaccurate — he says he’s price $3.Three billion.
Forbes and West may quibble over the mathematics, however for the time being one factor appears clear: He’s the one billionaire within the prolonged Kardashian-Jenner clan — for now.
Check out Showbiz Cheat Sheet on Facebook!