Well here’s some piping hot tea for your Friday...
Remember last year, when Forbes reported that Kylie Jenner was the youngest “self made”
billionaire?
Well now they just posted a massive report where they revealed that Kylie Jenner is actually
NOT a billionaire.
And Kylie Jenner has some WORDS for them!
What’s up?
It’s Sussan Mourad here with Clevver News and Kylie Jenner is in some hot water after
Forbes claimed that she inflated her numbers and faked tax returns to make her appear richer
than she actually is.
So is Kylie Jenner a billionaire OR NOT?
?! Don’t worry we’ll get into all of it.
Let’s backtrack for a second to March of 2019 when Forbes named Kylie the youngest
self made billionaire at only 21 years old.
Asset: screenshot
At the time they reported that quote, “Forbes estimates Jenner’s company is worth at least
$900 million.
She owns all of it.
Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old
is now a billionaire, with an estimated fortune of $1 billion.
She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger
age than even Mark Zuckerberg.”
You know the Facebook founder!
Since then she’s appeared on multiple Forbes billionaires lists and they have stood by
their controversial “self made” statement.
But now Forbes is allegedly claiming that Kylie likely forged her tax returns to show
higher wealth projections over the years.
The title of their new article is “Inside Kylie Jenner’s Web Of Lies and Why She’s
No Longer a Billionaire.”
Pretty savage right?
In the article, Forbes details the Kylie Cosmetics deal with beauty powerhouse Coty from this
January where Kylie sold 51% of her Kylie Cosmetics to Coty in a deal valued at $1.2
billion.
But new information about the deal has emerged that led Forbes to believe that Kylie hasn’t
been totally honest about her company.
In the article Forbes says quote, “In the deal’s fine print, a less flattering truth
emerged.
Filings released by publicly traded Coty over the past six months lay bare one of the family’s
best-kept secrets: Kylie’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.”
And if that isn’t juicy enough for you, Forbes continued to go in on Kylie.
The report also explained that Kylie expressed really wanting her own Forbes cover as soon
as Kim Kardashian's went live in July 2016.
Forbes claimed that Kylie’s publicists began a campaign to “get a Forbes cover for Kylie”
and went through some "unusual lengths" to get her one.
According to Forbes, Kylie and company invited Forbes quote "into their mansions and CPA’s
offices, and even created tax returns that were likely forged."
And when factoring in how the current global crisis has affected multiple industries across
the board, Forbes drafted up new calculations and have concluded that Kylie's true net worth
is quote "just under $900 million."
And fans obviously have a lot to say about all this on Twitter.
One person wrote quote, “They said she’s worth $900M now instead of $1.2B, what’s
the big deal?
It’s not even that different.”
Another added “she is still richer than us so....”
And this fan wrote quote, “who cares i dont think she even cares about that anymore.
shes grown all she thinks about now is stormi.”
But clearly Kylie did care a little bit because as soon as she saw the article, she took to
Twitter to share her thoughts.
She started off by saying quote, “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”
Kylie continued on her Twitter rant saying “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.”
But she took a step back and focused on what’s more important saying quote, “but okay i
am blessed beyond my years, i have a beautiful daughter, and a successful business and 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.”
And Kylie has also posted about those more important things, like demanding justice for
George Floyd in her latest IG post.
And when fans called her out for being worried about herself when there are other awful things
going on in the world, Kylie re-tweeted saying quote, “this is literally the LAST thing
i’m worried about right now”
And while there were a number of people in the comments criticizing Kylie for, in their
opinion, her not using her platform enough to raise awareness and speak on these important
issues.
There were many fans thanking Kylie for using her platform for good like this person who
wrote quote, “Respect.
Thank you for sharing and using your platform to do this”
Another fan chimed in and said quote, “Yes Kylie !! Speak on it .. use your voice and
spread awareness to this very fragile cause . We need everyone to speak on it !”
And another wrote quote, “Thank you for using your platform to speak about this.
Awareness is key.”
So clearly Kylie is focused on bigger issues than what Forbes has to say about her and
it’s unclear why they decided to come for her today… but hey, it’s definitely some
hot tea for ya.
Alright, I want to know what you guys think about all of this.
Share your thoughts down in the comments below.
And if you want a little throwback to when Forbes first claimed Kylie was a billionaire
click right over here for another Clevver video.
I’m your host Sussan Mourad, bye guys!