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Kylie Jenner Is No Longer A Billionaire According To Forbes
Kylie Jenner Allegedly Forged Her Tax Returns To Be The Youngest Billionaire
Kylie Jenner has been carrying the ‘youngest self-made billionaire’ tag for a long time now, but according to Forbes, she manipulated her way on the list and after thorough findings, they’ve denounced her as a billionaire.
On the 6th of March, 2019, Forbes announced Kylie as the youngest self-made billionaire ever. “Even younger than Mark Zuckerberg, who was 23 when he reached a ten-figure fortune,” the publication wrote.
“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.”
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However, after looking further into her wealth, they found out that she is no longer a billionaire, calling her a liar and accusing her of hiding things in the fine print of her extravagant deal with Coty and that Mark Zuckerburg may still hold that title.
Kylie Jenner sold a majority stake in her company, Kylie Cosmetics, to Coty in a deal valued at $1.2 billion. The makeup mogul reportedly pocketed a cool $340 million from the deal, which would have made her the youngest self-made billionaire.
Forbes claims the Kardashian family created a “web of lies” to give off the impression that Kylie is richer than she actually is. Forbes is now estimating Kylie’s personal net worth at just under $900 million, which is obviously still impressive.
The company also accuses Jenner of “lying about company figures and forging tax returns”.
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