Kylie Jenner is not a billionaire, and fabricated financial documents to support the false claim that she was, according to a new report.

In a detailed report based on public financial disclosures, Forbes on Friday accused the family of creating a 'web of lies' and says Kylie, 22, has inflated the size of her business and success.
The publication accuses her of 'lying about company figures and forging tax returns' to be dubbed a billionaire.

Based on filings from beauty giant Coty, which acquired a 51 percent stake of Kylie's makeup company in January at a valuation of $1.2 billion, Kylie Cosmetics generated revenues and profits that were far lower that the figures touted for years by the Jenner-Kardashian clan.

Forbes now pegs Kylie's net worth at $900 million. In a statement on Twitter, she fired back, writing: '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.'

She continued: 'i’ve never asked for any title or tried to lie my way there EVER. period.'

Kylie bashed the most explosive claim in the report, that she and her publicists had shown journalists tax returns that were likely forged in order to support inflated claims of her net worth.

She tweeted: 'that’s your proof? so you just THOUGHT they were forged? like actually what am i reading.'

Forbes explained that it had been shown 2016 tax returns indicating revenue far higher than the numbers revealed by Coty's filing, and that there were only two explanations: Kylie Cosmetics' sales had utterly collapsed in the two years before the acquisition, or the tax returns were fabricated.

Forbes itself put Kylie on the cover in March 2019, hailing her as the youngest ever self-made billionaire.

The move appeared to anger her brother-in-law Kanye West, whom Forbes did not declare a billionaire until April of this year.

The magazine reported that West 'reacted with hurt and venom' after he was not included in its billionaires list earlier this year.

'You know what you're doing,' he texted a Forbes reporter. 'You're toying with me and I'm not finna lye [sic] down and take it anymore in Jesus name.'

After he was finally added to the list, West disputed Forbes' evaluation of his net worth at $1.26 billion.

'It's not a billion,' West texted the magazine. 'It's $3.3 billion since no one at Forbes knows how to count.'

https://www.dailymail.co.uk/tvshowbiz/article-8369681/amp/Kylie-Jenner-no-longer-billionaire-according-Forbes.html?__twitter_impression=true

They say "Fake it until you make it."

Iceyjayz:
Just like how you fake it by uploading someone's picture on your profile

Jokerman:


Remove that fake pics from your profile now!!!

RealAlawoki:


More like, "believe it till you achieve it"

This last quote above is full of wisdom. Many do not get a humourous message. That's why many women complain that their husbands are not romantic. They take the words and ignore the spice and flavour of it's usage.

Quietly:

you seems like fake too are you for real,your pics though

whether a billionaire or not omo that girl get money

AngelicDamsel:
They say "Fake it until you make it."

you seems like fake too are you for real,your pics though

The Kardashian-Jenner family are known for being fake

Ok

SO THIS WHOLE FORBES MAGAZINE IS BASED ON HEARSAY LMAO

Quietly:

you seems like fake too are you for real,your pics though

Don't judge me by my comment. Quietly? Judging by this your quote, you seems like fake too are you for real,your pics quote though don't take my comments personally.

she say she worth billions, they say she no worth am. na d matter we dey solve since like this o


Do you love Nigerian made cartoons
watch the cartoon here

I actually never believed the initial claim that she was a billionaire

Just like that thug KANYE WEST.
Maybe they have been assuming their billion values in NAIRA

Hahahahaha

This is not news... People like us have always known that.

B

Fake life

Hmm

Kadarshians and jenners and their love for bbc

Wetin Corona no go see for Earth

Forbes is fast losing it.

From Invictus to this one.

Fre

$900m o, $1b o, what is the difference?
When you are big, you are big.

but $900 mill just a $100 mill shy of the billion. She's still way too rich though

All ye spacebookers can come edit your posts now o...

Ye

AngelicDamsel:
They say "Fake it until you make it."

Nothing last for Forever

Meanwhile

Get high definition movies into your hard drive if you stay in Ph

Enoch07:
whether a billionaire or not omo that girl get money

$900m no be beans oh

Billionaire or not Kylie is the real deal, she started her business by herself not that she inherited it, she worked hard to get where she is today, and forbes just wake up to say she lied like what the.. didn't they carry out their own separate investigation before giving her the billionaire title that she didn't even ask for

Kylie is a hard worker and role model to millions of girls out there that are self made or dream to be one, we love you so much Kylie, our self made billionaire