Kylie Jenner Reacts As Forbes Stripes Her Of Billionaire Status

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Forbes has stripped  Kylie Jenner of her billionaire status.  It would be recalled that the Kardashian-Jenner family member was announced to be a “self-made” billionaire by the magazine in July 2018, the youngest ever.

The 20-year-old cosmetics entrepreneur, who was on the cover of Forbes magazine in July of 2018, at the time claimed that she had accumulated $900 million in three years from Kylie Cosmetics. Forbes said that Jenner owned 100% of the company, and forecasted that her net worth will likely pass $1 billion within 2019.

In a post on Friday, Forbes explained why she was no longer a billionaire, adding that the Jenners would go to any length to be famous. The magazine, however, noted that Jenner had sold 51% of her Kylie Cosmetics to Coty in a deal valued at $1.2 billion in January 2020, that transaction seemed to confirm that Jenner was a “billionaire—at least before the coronavirus.”

Jenner responded to Forbes’s retraction of her billionaire status on Friday in a series of tweets 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.

“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.

“But okay White heart I am blessed beyond my years, I have a beautiful daughter, and a successful business and I’m doing perfectly fine.”

“I can name a list of 100 things more important right now than fixating on how much money I have”.

Kylie Jenner

@KylieJenner

i can name a list of 100 things more important right now than fixating on how much money i have

In vindicating itself from any possible  blame, Forbes stated “Of course, white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of “famous for being famous.

“But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer.”

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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