Kylie Jenner is not a billionaire, Forbes magazine now says

 

FILE PHOTO: Kylie Jenner attends the Vanity Fair Oscar party in Beverly Hills during the 92nd Academy Awards, in Los Angeles, California, U.S., February 9, 2020. REUTERS/Danny Moloshok -/File Photo

 

(Reuters) - Forbes magazine, which in March 2019 declared reality TV star Kylie Jenner had become the world's youngest self-made billionaire, said on Friday that it no longer believed that her net worth was that much.

 

The magazine said it reviewed financial data released by Coty Inc, which bought a 51 percent stake in Jenner's Kylie Cosmetics company in November 2019.

 

Those financial filings show "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 magazine said.

 

Forbes now estimates the net worth of Jenner, 22, at around $900 million.

 

Writing on Twitter on Friday, Jenner said the recent story was based on "a number of inaccurate statements and unproven assumptions."

 

"What am I even waking up to. I thought this was a reputable site," she wrote.

 

Jenner, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with $29 lip kits containing matching lipstick and lip liner.

 

She first grabbed the spotlight in the “Keeping Up with the Kardashians” reality TV show she starred in with her mother and siblings.

 

In her Twitter postings on Friday, Jenner said she was "blessed beyond my years, I have a beautiful daughter, and a successful business and I’m doing perfectly fine."

 

"I can name a list of 100 things more important right now than fixating on how much money I have," she added.

 

(Reporting by Lisa Richwine; Editing by Aurora Ellis)

 

-- © Copyright Reuters 2020-05-30

 

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This truly breaks my heart. 

Really! Who cares! A family totally devoid of talent!

So, only worth $900m. What a fraud

self-made ?  what about 10 years media attention since she was a little kid ?

 

is that what they call self made these days ?

 

if she was not part of that specific narcissistic exploiting family, she would be a nobody

an airhead made rich by other airheads - it speaks volumes to the decline of civilization.. 

and this is all Americans care about.  shows you are messed up the country is

5 minutes ago, malibukid said:

and this is all Americans care about.  shows you are messed up the country is

Its Forbes thats mixed up not the Working Descent America.

Sure makes a lot more than the ladies in Pattaya who also sell their body.   Good luck to her for figuring a way to do it for more than 1500 baht.