Kylie Jenner is not a billionaire, says ‘Forbes’

Oops!

News made rounds all over the internet in March 2019 that Kylie Jenner was declared the world’s youngest self-made billionaire by Forbes. However, the publication now believes that the reality star’s net worth was not that much. Forbes said they’ve reviewed the Coty Inc’s released financial data; the same company that bought a 51 per cent stakes in Kylie Cosmetics in November 2019. The magazine said, “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 estimated net worth of the entrepreneur for now is around $900 million. Meanwhile, Jenner considers the recent story based on “a number of inaccurate statements and unproven assumptions.” And said on Twitter, she has more important things in life to focus on.

RELATED POST

COMMENTS