News 29 May 2020

Kylie Jenner Responds To Forbes Magazine’s Claims That She Lied About Being A Billionaire

29 May 2020

After being branded a liar by Forbes magazine for allegedly forging tax documents to make it appear that she is a billionaire, Kylie Jenner has responded.

Earlier this year Jenner sold 51% of her makeup brand Kylie Cosmetics to beauty brand Coty in one of the greatest celebrity cash outs of all time. Looking closely at the fine print of the deal, Forbes revealed that Jenner has been inflating the size and success of her business for years.

Forbes’ statement concluded with:”Based on this new information – plus the impact of Covid 19 
on beauty stocks and consumer spending – Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340m (£275m) after tax from the sale, is not a billionaire.”

However, Kylie Jenner has hit back at Forbes’ claims in a tweet saying the magazine had published “inaccurate statements and unproven assumptions” – and denied forging any documents.

“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. i’ve never asked for any title or tried to lie my way there EVER. period,” she wrote.

Kylie Jenner initially emerged in the cosmetic industry with her Kylie Lip Kit line, before rebranding to Kylie Cosmetics in 2016.