Kylie Jenner is no longer a billionaire- Forbes says as they uncover the reality star’s web of lies

Last year, American reality star, Kylie Jenner became the youngest self-made billionaire ever, at 21, as named by Forbes.

Forbes is now claiming she’s no longer a billionaire as they have uncovered some inadequacies inside Kylie Jenner’s claims and thus reveal she’s no longer a billionaire.“When the youngest of the Kardashian clan, Kylie, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family.

“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.

“It’s fair to say that everything the Kardashian-Jenner family does is oversized,” says Stephanie Wissink, an equity analyst covering consumer products at Jefferies. “To stay on-brand, it needs to be bigger than it is.” Based on this new information—plus the impact of COVID-19 on beauty stocks and consumer spending—Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after tax from the sale, is not a billionaire.

They don settle the matter las las 😂

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kylie Jenner Reacts After Being Stripped Of Billionaire Status By Forbes MagazineICYMI: Kylie Jenner Reacts After Being Stripped Of Billionaire Status By Forbes Magazine 😂😂😂😂 Hi When I say channel are not media that support the zoo interest peoe think I am lieing . Okey ask channel how this lady has affected Nigeria
Source: channelstv - 🏆 7. / 63 Read more »

Kylie Jenner reacts as Forbes reverses her rating as youngest billionaireForbes magazine has reversed it's earlier rating of reality TV star, Kylie Jenner as the world\u2019s youngest self-made billionaire. Forbes, on Friday said that it no longer believe that her net worth was that much after reviewing a financial data released by Coty Inc, which bought a 51 per cent stake in Kylie's Cosmetics company
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Kylie Jenner is not a billionaire, Forbes magazine now saysForbes magazine, which in March 2019 declared reality TV star Kylie Jenner had become the world’s youngest self-made billionaire, said on Friday...
Source: TheNationNews - 🏆 6. / 69 Read more »

Kylie Jenner Responds To Forbes' Claim That She Lied About Billionaire StatusKylie Jenner has responded to Forbes' claim that she inflated her billionaire status.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Forbes Announces Kylie Jenner Is No Longer A BillionaireKylie Jenner has lost her billionaire status after being accused by Forbes of inflating the size of her business and success. Who cares
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Forbes removes Kylie Jenner from billionaires listAnother matter to settle today TheMatters It's not the book of life. Wow. This one has been relegated
Source: MobilePunch - 🏆 8. / 63 Read more »