Forbes magazine now says Kylie Jenner is not a billionaire after all

Forbes magazine now says Kylie Jenner is not a billionaire after all

Forbes estimates the net worth of Jenner, 22, at around $900 million.
30 May, 2020

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.


Babu May 30, 2020 12:09pm
New whiz, my heart aches for her! So sad!!! Ugh!
Nationalist May 30, 2020 12:11pm
Such a sad moment for all of us
Laila May 30, 2020 02:22pm
I dont care.
Tansah May 30, 2020 05:34pm
Wasn't her father a US athlete? If so, I don't really understand how she can claim to be self-made.
Nasir May 30, 2020 07:47pm
@Tansah - if you learn to count to $900 million you might change your mind and understand what she means by self made (although technically it was her elder sister that made her)
imtiaz May 30, 2020 08:15pm
Stay blessed Kylie. Keep it up.
Zufliqar May 30, 2020 10:03pm
Is that how Forbes finds out whether someone is a billionaire or not? By asking family members?
guest May 31, 2020 08:41am
everyone has a father n that doesnot always mean the father raises the child or pays for her billion dollared career
Mashuq hussain May 31, 2020 09:58am
900 million USD is still too much
Furrukh Rao May 31, 2020 05:13pm
This is a pure first world problem.