is reportedly no longer a billionaire—and that's just the first of many bombshell allegations in a . The publication is also claiming that , Kylie, and their team made Kylie Cosmetics out to be a bigger, more profitable business than it actually ever was.You'll remember that back in March 2019, the magazine declared Jenner the world's , and it's now claiming she's not worth that much as of May 2020.
Before we get into the nitty gritty details, let's just say that Jenner is still extremely rich—but exactly how rich is in question.Here's the deal: In January, Jenner sold 51% of Kylie Cosmetics to big time beauty company Coty for $600 million, which would have put a value on the brand at around $1.2 billion.