The often contentious reality personality Kylie Jenner is 25 years old. She’s probably spending it in style, whether that means using her $73 million private plane for short trips or renting a $200 million superyacht.
Due to her cosmetics brand, Kylie Cosmetics, Jenner was previously dubbed the youngest “self-made” billionaire in the world at age 21 by Forbes. However, according to a May 2020 study by Forbes, Jenner is not, in reality, a billionaire. The article said that since 2016, Jenner has overstated the scope and success of her company and deceived Forbes and other publications.
According to Forbes, Jenner claimed to have made $400 million in revenue in the first 18 months after launching Kylie Cosmetics in 2015. the majority of her cosmetics business in exchange for $600 million, valuing the business at $1.2 billion.
But according to Forbes, the company has never generated as much revenue as the Jenners stated, and the coronavirus pandemic has hurt her company’s profits. Business Insider contacted Jenner for comment, but they didn’t get back to them.
Despite her disputed billionaire status, Jenner has amassed a cosmetics empire, starred alongside her family in “Keeping Up with the Kardashians” as well as in her own spin-off show “Life of Kylie,” started a clothing line with her sister, and made millions promoting products on Instagram.
Kylie Jenner, who was 21 at the time, was branded the world’s youngest “self-made” millionaire by Forbes in March 2019.
At the time, Forbes pegged the value of Kylie Cosmetics, Jenner’s business, at $900 million.
Her net worth became more than $1 billion as a result of that and her personal revenues from the company, according to Forbes.
Many people objected to Forbes’ claim that Jenner was “self-made,” claiming that she was born into privilege and fortune. The self-made thing is real, Jenner said in response to the criticism in an interview with Paper magazine, adding that her parents “cut her off at the age of 15.”
Later, a Forbes follow-up article argued that the 22-year-old was not, in fact, a billionaire. According to a study by Forbes in May 2020, Jenner and her mother, Kris Jenner, who serves as her marketing manager, have lied to Forbes and other media since 2016 about the scope and profitability of their company.
However, Forbes acknowledges that Jenner is still a multimillionaire, putting her true net worth as of June 2022 at $600 million.
Jenner attacked the Forbes investigation on Twitter at the moment it was published. “I assumed this was a reliable site, but all I find are a lot of unfounded claims and conjectures, lol. She also questioned Forbes’ “evidence” of the assertion that tax returns “were probably fabricated,” tweeting, “I’ve never asked for any title or tried to lie my way there EVER. period.”
