For Millennials. By Millennials.
The news comes from Forbes who reports that Kylie Jenner is not a billionaire and only forged and fabricated her way into financial documents to make herself look like one. This is present in the public financial disclosures where keen eyes can see. Apparently Kylie Jenner and her family created LIES to make her look like a billionaire. They inflated the size of her business, lied about company figures, and forged tax return documents just for this.
Kylie Jenner Is A Fake Billionaire?
The report makes use of filings from Coty, the beauty giant who acquired 51 percent of Kylie Jenner’s makeup business stakes at a value of $1.2 billion. Kylie Cosmetics generated revenues and profits that were incredibly lower than the figures which the Jenner-Kardashian family mentioned.
So now, since that report, Forbes now concludes Kylie Jenner’s worth to be only $900 million. This resulted in her anger, obviously. She took to Twitter to release her emotions regarding this report:
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
— Kylie Jenner (@KylieJenner) May 29, 2020
She fired back at Forbes, telling her audience that she believed them to be a ‘reputable site. Here are more of her tweets:
“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.
— Kylie Jenner (@KylieJenner) May 29, 2020
https://twitter.com/KylieJenner/status/1266397412433620992
One user in the comments reminded Kylie Jenner that there were other issues as well. Problems that are greater than her billionaire trouble. Very much pointing towards the trending George Floyd riots in Minneapolis. Here is her reply:
this is literally the LAST thing i’m worried about right now https://t.co/vw91YGDDmE
— Kylie Jenner (@KylieJenner) May 29, 2020
Forbes has explained that they have seen 2016 tax returns that indicate revenue far higher than the numbers that Coty showed. Now, for Kylie Cosmetics, this could be either of the two things: either their sales dropped drastically in two years’ time or that the tax returns have elements of fabrication.
This is a surprising move from Forbes because the media group themselves put Kylie Jenner’s face on the cover of March 2019 to hail her as the youngest billionaire. This move even received some backlash from her brother-in-law Kanye West. Apparently Forbes did not declare him among the same group until April of this year.