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​Kylie Jenner Responds To Being Dropped From Forbes’ Billionaires List

​Kylie Jenner Responds To Being Dropped From Forbes’ Billionaires List

Kylie Jenner has spoken out after being dropped from Forbes' billionaires list, following claims from the business news outlet that her wealth had been exaggerated.

Forbes published an article that sought to outline why Jenner is 'no longer a billionaire', arguing that there was a 'web of lies' behind her fortune.

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After the piece was published, the entrepreneur and reality TV star took to social media to hit back, saying in a series of tweets that Forbes' article contained 'inaccurate statements and unproven assumptions'.

She wrote: "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."

Quoting the article, she continued: "'Even creating tax returns that were likely forged' that's your proof? So you just THOUGHT they were forged? Like actually what am I reading."

Saying that she felt 'blessed beyond my years' with a 'beautiful daughter and a successful business', Jenner added: "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."

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Forbes - which had declared Jenner the youngest self-made billionaire back in 2019 - accused the star and her family of 'inflating' the size and success of her cosmetics business, which was founded in 2015.

Last year, she announced she was selling a 51 percent stake in the company to a global beauty company Coty, selling for $600 million.

The family's accountant had provided Forbes with tax returns suggesting the company had made more than $300m in sales in 2016, with publicists claiming sales of $330m the following year.

Credit: PA
Credit: PA

However, Forbes said information shared by publicly-traded Coty showed Jenner'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', with the figures suggesting that it had only done $125m in sales in 2018.

Forbes posed: "If Kylie Cosmetics did $125 million in sales in 2018, how could it have done $307 million in 2016 (as the company's supposed tax returns state) or $330 million in 2017?"

The outlet concluded in its article that Jenner is 'not a billionaire', adding that a 'more realistic accounting of her personal fortune puts it at just under $900 million'.

Featured Image Credit: PA

Topics: Forbes, Entertainment, Celebrity, Kylie Jenner

Jess Hardiman

Jess is a journalist at LADbible who graduated from Manchester University with a degree in Film Studies, English Language and Linguistics - indecisiveness at its finest, right there. She also works for FOODbible and its sister page Seitanists, which are both a safe haven for her to channel a love for homemade pasta, fennel and everything else in between. You can contact Jess at [email protected]