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Kylie Jenner, Forbes spar over story on billionaire status

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LOS ANGELES – Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.

Forbes said in a story posted Friday that an examination of financial filings after the reality star and beauty mogul sold a majority share in her cosmetics company revealed that Jenner's worth was inflated.

Jenner sold 51% of her Kylie Cosmetics company to Coty in a deal valued at $1.2 billion early this year. "Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe," the magazine said in the story. “Forbes now thinks that Kylie Jenner, even after pocketing an

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