'Forbes' Says Kylie Jenner <br />Faked Her Billionaire Status In 2019, 'Forbes' named the 22-year-old <br />as the youngest self-made billionaire. Now, the publication claims Jenner <br />was not truthful about her net worth <br />and that she forged tax returns. 'Forbes' made the accusations in a new <br />article titled, 'Kylie Jenner's Web of Lies -- <br />and Why She's No Longer a Billionaire.' Jenner was thought to be worth 10 figures after <br />selling makeup line Kylie Cosmetics for $600 million. 'Forbes' says that the business is much smaller<br />and less profitable than the Jenner family and <br />reps have led others to believe. 'Forbes' adds that since 2016, the Jenner family <br />may have been lying about the business' success. The magazine also cited filings <br />from beauty company Coty, <br />which took a 51 percent stake <br />in Kylie Cosmetics late last year. A Coty filing reveals <br />that Jenner's makeup line took<br />in around $125 million in 2018. The Jenner family had previously <br />said the makeup line took in <br />$360 million that year. After taxes from the Coty deal and impact from COVID-19, <br />'Forbes' says Jenner is worth under $900 million. Jenner has since responded to <br />the magazine on social media. Kylie Jenner, via Twitter Kylie Jenner, via Twitter
