Forbes, the financial magazine that used to proudly call itself "The Capitalist Tool," has appointed itself the unofficial keeper of the list of the world's billionaires, but its methods of actually verifying private net worths have always been a bit opaque and up to question.
Now, in a rare rebuke, the magazine has retracted its claim that Kylie Jenner is officially a billionaire. The magazine now believes that the 22-year-old beauty mogul is worth only $900 million.
Forbes writers detail a long campaign by the Kardashian-Jenner Industrial Complex to get Kylie's success with Kylie Cosmetics featured in the magazine shortly after her older sister Kim Kardashian was featured on the cover in 2016.