Why did Forbes delete Kylie Jenner from the list of billionaires?


On Friday, Forbes magazine withdrew from its list the name Kylie Jenner, as it turned out that she is not a billionaire, accusing the reality TV star of “exaggerating the value of her profits from her cosmetics for years.”
The magazine wrote the name of Kylie Jenner, who is 22 years old, in her list of the richest people in the world last March 2019, because of the popularity of her brand «Kylie Cosmetics», but removed it from it based on new information, Jenner sold 51% of her trademark to the cosmetic giant Koti last January, compared to $ 600 million in a deal that valued the company at $ 1.2 billion.
Forbes said in an article posted on its website that the minute details of the deal revealed that the company is “much smaller and less profitable” than it was believed, and accused the famous family that Kylie is the youngest individual in making likely “false” tax returns, explaining that the information The new and the impact of the Covid 19 epidemic on cosmetic sales made them believe that they are not multi-billionaires, despite having earned an estimated $ 340 million in revenue after taxes from sales.
Forbes estimated Jenner’s personal wealth at just under $ 900 million. For her part, Jenner responded to the magazine through Twitter, accusing it of relying on “a number of inaccurate statements and unproven assumptions”, and she wrote: I never asked for any title and did not try Lying to reach it at all.


Please enter your comment!
Please enter your name here