The KarJenners are used to being at the center of controversy and scandals. Since their long-running reality series, Keeping Up With the Kardashians first premiered in 2007, the entire family has dealt with an array of issues. Now, in the middle of a pandemic and national unrest, Kylie Jenner, the youngest of the KarJenner siblings has found herself in the middle of a jaw-dropping scandal.
Since 2018, the 22-year-old has been heralded as the world’s youngest self-made billionaire. After launching her beauty brand, Kylie Cosmetics back in 2015 with some $29 Lip Kits, Jenner’s popularity and net worth as grown exponentially. From a long line of other makeup items to an entire skincare brand, Jenner has been able to carve out a massive space in the beauty industry.
Though many people rolled their eyes about the “self-made” stipulation that was granted to Jenner by Forbes, no one questioned her massive wealth until now. In a stunning expose, Forbes has exposed Jenner and her momager Kris Jenner for lying about the 22-year-old’s finances. They’ve also declared that she’s not a billionaire after all. Jenner is reportedly so horrified by the entire ordeal that she is refusing to speak to her mother.
Forbes claims Kylie Jenner faked her billionaire status
Jenner has been using the entirety of quarantine to flaunt her massive wealth on Instagram and TikTok. However, on Friday, May 29, Forbes shattered some of that illusion with their scathing expose entitled, “Inside Kylie Jenner’s Web Of Lies — And Why She’s No Longer a Billionaire”
The extensive report chronicles Jenner and her mother’s desperate ploy to get the Forbes cover as well as the actual size of the makeup mogul’s company. “Kylie’s business is significantly smaller, and less profitable than the family has spent years leading the cosmetics industry and media outlets,” the report reads.
More damning are the reports that Jenner’s camp has fabricated tax documents and financials to make it appear that she was in fact a billionaire. “We asked the Jenners for input on our numbers,” Forbes writes. “But pressed for answers on the many discrepancies, the typically chatty family did something out of character: They stopped answering our questions.”
Kylie Jenner tried to clap back at Forbes
Jenner clapped back at Forbes when the report was released with an extensive Twitter rant.
“What am i even waking up to,” she tweeted. “i thought this was a reputable site…all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period. even creating tax returns that were likely forged’ that’s your proof? so you just THOUGHT they were forged? like actually what am i reading. but okay. i am blessed beyond my years, i have a beautiful daughter and a successful business and i’m doing perfectly fine.”
Forbes has not backed down saying instead that Jenner should re-read their report.
Kylie Jenner is furious with Kris Jenner about this entire ordeal.
Though Jenner is the face of Kylie Cosmetics and she still has a massive net worth of $900 million according to Forbes, she may not know all of the intricate details of her business, including the numbers. It seems she might have left that up to her mom, Kris Jenner.
Now, The Sun is reporting the makeup mogul is beyond humiliated and furious. “Kris—who reportedly gets ten percent of Kylie’s deals–is in panic mode,” a source revealed. “Kylie won’t answer the phone for Kris and is at a loss over who to trust. Kris is petrified Kylie could sack her or cut her off so tensions are at an all-time high. Kris and Kylie are freaking out and fear that this is going to hurt their brand, and even worse, they could be in trouble with the government.”