“Forbes” claimed that “Kylie Jenner” (22 years old) exaggerated the sales figures of her own company, Kylie Cosmetics, and accused her private team of falsifying tax returns to enhance its net worth, and thus canceled her name from the list of the smallest self-made billionaires on Friday.
If the reports and analyzes prepared by the most important economists are found to be correct, Kylie may face legal accountability and even imprisonment if the allegations of her forging her tax returns are true.
It is noteworthy that the magazine named the “Kylie” as the smallest self-made billionaire in the world at the age of 21 in its cover for March of last year, after the sale of “Kylie” company to the cosmetic giant “Koti” in a deal worth $ 1.2 billion. However, while Kylie reaped more than $ 340 million in tax cuts from the deal, Forbes reported that the star is no longer a billionaire after analyzing Coty’s records for six months.
“Forbes” pointed out that there are a number of financial contradictions declared by “Kylie” and her mother, “Chris Jenner,” who is running her business, as reports indicate that the profits of their cosmetic business are less than what was stated; In 2018, Kylie Cosmetics was said to have made $ 360 million, however Kotie reported that the figure was closer to $ 125 million.
The magazine reported that Jenner delegate claimed that her skin care streak, which was launched last year, made $ 100 million within a month and a half of its debut, however, the recordings showed that it was set to earn $ 25 million in sales.
Forbes says Jenner’s income is likely to be just under $ 900 million.
In response to Forbes magazine, “Kylie” published on her Twitter account, saying: “What has he woken up to? I thought this was a prominent site … All I see is a number of inaccurate statements and unproven assumptions … I did not ask Never have any nickname or lie to reach. ”
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 Jenner (@KylieJenner) May 29, 2020