Kylie Jenner is no longer a billionaire, according to a new report from Forbes.
The 22-year-old was named the youngest-ever self-made billionaire by Forbes magazine in March 2019.
Forbes magazine has now accused her family of inflating the value of her cosmetics business. Forbes said the family went to “unusual lengths” to present its youngest member as richer than she was. Her Cosmetic business was valued as been worth at least US$900 million.
In tweets, Jenner dismissed the article as “inaccurate statements and unproven assumptions”.
“I’ve never asked for any title or tried to lie my way there,” she wrote.
“I can name a list of 100 things more important right now than fixating on how much money I have,” she added.
In November 2019, Jenner sold a 51 per cent stake in Kylie Cosmetics to Coty for $600 million.
Now the parent company has released newly obtained documents that Forbes alleges show Jenner and her mother, Kris Jenner, inflated the success of the Kylie Cosmetics.
According to the recalculated figure, she is worth about $900 million (N205billion). Just $100m shy of $1 billion. Still, that is not a worth that can be dismissed as insignificant, by any measure.
Kylie and her family are known for a lavish lifestyle laced with glamour. Their private and business activities are often promoted to millions of their adoring fans on social media. Currently, Kylie has over 178 million followers on Instagram. The 6th highest in the world (January 2020).
Kylie Jenner is a car lover. Her garage features a huge array of expensive automobiles: Rolls-Royces, Mercedes-Benzes, Range Rovers, Porsches, Lamborghinis Ferraris, etc. She also owns a rare LaFerrari and a white 50s vintage Rolls-Royce – a 21st birthday gift to her from ex-boyfriend Travis Scott.
In this article, we highlight some of the choice automobiles that grace the garage of the 22-year-old reality TV star.
Kylie Jenner’s Car Garage