Kylie Jenner is not a billionaire, Forbes magazine now says

(Reuters) – Forbes mag, which in March 2019 declared fact TV celebrity Kylie Jenner had develop into the arena’s youngest self-made billionaire, stated on Friday that it now not believed that her internet value was once that a lot.

FILE PHOTO: Kylie Jenner attends the Self-importance Truthful Oscar celebration in Beverly Hills all the way through the 92nd Academy Awards, in Los Angeles, California, U.S., February nine, 2020. REUTERS/Danny Moloshok -/Report Photograph

The mag stated it reviewed monetary information launched through Coty Inc, which purchased a 51 % stake in Jenner’s Kylie Cosmetics corporate in November 2019.

The ones monetary filings display “Kylie’s trade is considerably smaller, and no more winning, than the circle of relatives has spent years main the cosmetics business and media shops, together with Forbes, to imagine,” the mag stated.

Forbes now estimates the web value of Jenner, 22, at round $900 million.

Writing on Twitter on Friday, Jenner stated the hot tale was once in line with “a lot of erroneous statements and unproven assumptions.”

“What am I even waking as much as. I assumed this was once a credible website,” she wrote.

Jenner, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with $29 lip kits containing matching lipstick and lip liner.

She first grabbed the highlight within the “Holding Up with the Kardashians” fact TV display she starred in along with her mom and siblings.

In her Twitter postings on Friday, Jenner stated she was once “blessed past my years, I’ve a wonderful daughter, and a a hit trade and I’m doing completely high quality.”

“I will title an inventory of 100 issues extra vital at the moment than fixating on what quantity of money I’ve,” she added.

Reporting through Lisa Richwine; Enhancing through Aurora Ellis

Our Requirements:The Thomson Reuters Accept as true with Ideas.

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