Kylie Jenner Is Not A Billionaire & Lied To Inflate Her Net Worth, Claims Forbes

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.

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.

Before Forbes stripped away her prestigious billionaire status, Kylie Jenner went on a major spending spree.

After being accused by Forbes magazine of lying about her wealth in order to get the billionaire title, it looks like Kylie Jenner would rather move on from the public discussions about her finances! The reality TV star was previously dubbed as the youngest self-made billionaire in history by the same magazine! However, last week, Forbes published an expose in which they claimed that the makeup mogul lied for years about her earnings and even falsified her tax returns in order to back up those

Kylie Jenner recently took to Twitter and lashed out at Forbes over an article that accused her of faking her way to the billionaire status. The international outlet accused her of forging tax documents to obtain the world's youngest self-made billionaire tag.

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.

Well, here's a Kardashian-Jenner scandal brewing in the business world: Forbes published a lengthy feature today breaking down all the ways Kylie Jenner inflated her income to media outlets and the beauty world. Forbes, which dubbed Jenner the world's youngest billionaire for multiple years (including this year), reports now that Jenner is no longer a billionaire, especially after the coronavirus pandemic adversely affected beauty consumer spending and stocks.

When Kylie Jenner has come out fighting against claims that she lied about being a billionaire, things could be set to get a lot worse for her.The Keeping up with the Kardashian star could face a criminal investigation and even jail time if allegations she was forged her tax returns are true. Kylie, 22, hit back at claims that she inflated figures and forged tax returns for her business, Kylie Cosmetics.

Kylie Jenner's status as a billionaire has been called into question by Forbes in a story that also raises questions about the magazine’s ability to accurately assess the finances of celebrities.

After Forbes magazine announced that they were removing Kylie Jenner from their list of billionaires and stripped her of the title “World’s Youngest Self-Made Billionaire” because she lied about her wealth, the 22-year-old has responded to the allegations in a series of tweets.

Standing their ground. Kylie Jenner and her team are defending themselves against allegations about the reality star’s finances after Forbes revoked her billionaire status.

 Kylie Jenner  may be closing out the month of May in unlikely way. “What am I even waking up to.

Kylie Jenner has had her billionaire status revoked by business magazine Forbes, who claim the reality star "spun a web of lies" to earn the feat.The 22 year old was named the world's youngest self-made billionaire last year following the sale of her hugely successful cosmetics line. But the publication have now stated the Keeping Up With The Kardashian star is no longer a billionaire, adjusting her worth to just under $900million instead.

Kylie Jenner is refuting ' claims that she lied about her finances. In a bombshell article, the outlet that in March 2019 dubbed the now 22-year-old makeup mogul the youngest self-made billionaire ever, claims that Kylie has lied about her earnings for years and alleges that she backed up the numbers with falsified tax returns. In a series of tweets, Kylie denied the outlet's claims.