Kylie Jenner responds after Forbes accuse her of "lying" about billionaire net worth
29 May 2020, 17:22 | Updated: 5 October 2020, 12:23
Kylie Jenner has clapped back on Twitter after Forbes claims she "lied" about her wealth to gain her billionaire status.
The 22-year-old beauty mogul fired back at claims that she inflated the side of her business and success, alongside figures for justification.
Forbes accused the Kardashian/Jenner family of creating a 'web of lies' and claimed Kylie lied about her company figures and forged tax returns in order to gain the billionaire status.
Taking to Twitter, Jenner vigorously refuted the claims with a tirade of tweets.
Jenner wrote "what am i even waking up to. i thought this was a reputable site.. all i see are a number of inaccurate statements and unproven assumptions lol."
Kylie continued "i’ve never asked for any title or tried to lie my way there EVER. period".
She also wrote “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."
In another classy clap back tweet, she wrote "but okay i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine."
She added "i can name a list of 100 things more important right now than fixating on how much money I have"
Kylie made it clear that this is the last thing she wanted to have to address during a sensitive time, following the death of George Floyd.
In the original report, Forbes claimed that filings released by publicly traded Coty over the past six months reveal Kylie’s business is significantly smaller than what it actually was.
Forbes detailed all figures from Kylie's companies and broke down the reasons why she had not yet achieved billionaire status. See here.
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At 21, @kyliejenner is the youngest self-made billionaire ever. Even younger than Mark Zuckerberg, who was 23 when he reached a ten-figure fortune. To be clear, since 2014 Forbes has defined “self-made” as someone who built a company or established a fortune on their own, rather than inheriting some or all of it. As long as the list member didn’t inherit a business or money, they are labeled self-made. Read more about Jenner’s milestone at the link in our bio. #ForbesBillionaires (📸: @jameltoppinphoto)
Based on beauty giant Cot filings – which acquired a 51 percent stake of Kylie's makeup company with $1.2 billion value – Forbes alleges Kylie Cosmetics generated revenues and profits that were far less than what was talked about.
These claims come a year after Forbes put Kylie on the cover and hailed her the youngest self-made billionaire ever, two years in a row.
Forbes has now revealed Kylie's net worth is $900 million.
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