Kylie Jenner enters Forbes' highest-paid celebs list; billionaire status remains disputed

According to Forbes magazine's annual list of highest-paid celebrities, Kylie Jenner is the top earner of the year thanks to her successful cosmetics line. The 22-year-old reportedly made $590 million over the past year after she sold a 51 percent stake in her business to beauty company, Coty, in November 2019.

highest earning celebrity of 2020 - thanks to the mammoth sale of her brand Kylie Cosmetics.The star, who netted over $500 million for the sale, beat the likes of Kanye West, professional athletes and actors to the top of the list.

list, Forbes notes that a huge chunk of his income comes from the sale of his Yeezy’s, a deal he has successfully struck up with Adidas.Tennis ace Roger Federer came in third place with an income of $106.3million, while Cristiano Ronaldo ($105million) and Lionel Messi ($104million) completed the top five in the celebrity earners list.

Less than a week after Forbes revoked Kylie Jenner’s “self-made billionaire” status, the magazine named the Kylie Cosmetics founder and her brother-in-law, Kanye West, the top-earning celebrities of 2020.

2020 feels like the endgame for humanity as the world is trying to slowly get past the coronavirus pandemic. However, the damage has already been done, whether it be the loss of life or even the economy being affected drastically.

Reuters reported today that Kylie Jenner and Kanye West made it to the top of Forbes list of the highest-paid celebrities, however, big names such as Lionel Messi and Roger Federer were above them. According to the finance magazine, Jenner took home $590 million over the last year, with the vast majority of that money coming from the sale of her 51% stake in Kylie Cosmetics to Coty last year.

Despite Kylie Jenner's recent feud with over her billionaire title, the magazine did give her the No. 1 spot on its 2020 Celeb 100 list, which ranks the world's highest-paid celebrities in terms of annual pay.

Less than a week after Forbes revoked Kylie Jenner’s “self-made billionaire” status, the magazine named the Kylie Cosmetics founder and her brother-in-law, Kanye West, the top-earning celebrities of 2020.

It is a family affair atop Forbes‘ 2020 list of the world’s highest-paid celebrities.

When Kylie Jenner started her cosmetics company, not many people thought that it would rise to the status that it has today. However, the skepticism if she was legitimately the youngest billionaire was pushed to the side when she posed and interviewed along with Kris Jenner for Forbes magazine.

Kylie Jenner has been forced to acknowledge accusations that she inflated the value of her business resulting in her Forbes billionaire listing being removed.

Kylie Jenner woke up to an unpleasant piece of news and she is furious. The 22-year-old makeup mogul slammed Forbes after it published a report accusing her of forging tax documents to fake her billionaire status. According to the magazine, the Jenner family inflated figures and forged tax returns for Kylie's cosmetics company. The accusations did not go down well with The Keeping Up With The Kardashian, who stated that she never asked for the title in the first place.