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Kylie Jenner denies Forbes' claim she's no longer a billionaire and peddled a 'web of lies' about her net worth

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Kylie Jenner is speaking out after Forbes insisted she isn't really a billionaire after all and alleged she faked numbers about her net worth.

Forbes posted the bombshell story early Friday, titled "Kylie Jenners Web of Lies -- and Why She's No Longer a Billionaire." The outlet accused the Kylie Cosmetics founder of previously "inflating the size and success of her business" to the publication "for years" in order to appear richer than she really is.

The publication's claims come nearly one month after it released its annual World's Billionaires list, reporting that the 22-year-old's makeup empire was valued at $1.2 billion.

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