Kylie Jenner and her lawyers are responding to that Forbes article questioning her “Youngest Self-Made Billionaire” status. Jenner, 22, nabbed the honour in 2020 and 2019 due to her hugely successful Kylie Cosmetics company, which Coty purchased a 51 per cent stake in in November 2019 for $600 million.
However, Forbes is now saying she’s worth just less than $900 million. They insisted Kylie and Kris Jenner had exaggerated their wealth in financial papers and “likely forged” tax returns that they’d shown the magazine.
RELATED: Kylie Jenner Holds Firm As Forbes’ Youngest ‘Self-Made’ Billionaire The Jenners reportedly claimed the company’s annual revenue from 2016 to 2018 was somewhere between $307 million to $360 million per year.