Kylie Jenner's net worth 2020: Is the 22-year-old no longer a billionaire?

Kylie Jenner is longer a billionaire, according to Forbes. Reportedly, Forbes named Kylie Jenner as "Youngest self-made billionaire ever" last year, but w has a different story to tell about Kylie Jenner's net worth. As per reports, w Forbes claims that Jenners have possibly been exaggerating profitability of Kylie Cosmetics and ir net earnings since 2016. Read details. 

Kylie Jenner's net worth in 2020 

Forbes' latest report revokes Kylie Jenner from her billionaire title by claiming that she inflated her net worth. As per Forbes' latest update, Kylie Jenner’s net worth is at just under $900 million. Moreover, report furr mentions that more than a third of that is estimated $340 million in post-tax cash Jenner would have pocketed from selling a majority of her company.

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Speaking about Kylie Jenner's rest net income, Forbes reported, " rest is made up of revised earnings based on her business’ smaller size and a more conservative estimate of its profitability, plus value of her remaining share of Kylie Cosmetics—which is t only smaller than Jenners led us to believe but is also worth less w than it was when deal was anunced in vember, given ecomic effects of Coronavirus." Forbes also alleges that Jenners' accountants may have shown magazine falsified tax documents drafted with inflated numbers to help juice Forbes' estimates of Kylie’s earnings and net worth.

same report furr mentions that Kylie Jenner sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January. Furrmore, report states that it was a turning point for family. However, with all this happening over internet, Kylie Jenner sure refutes to statements penned about her.   

Kylie Jenner reacts to news

Kylie Cosmetics founder, Kylie Jenner took to her Twitter and reacted to her "Is Kylie Jenner longer a billionaire" news.  Kylie Jenner tweeted, "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 re EVER. period."

Kylie's next tweet, “even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT y were forged? like actually what am i reading."

"but okay i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine."

"i can name a list of 100 things more important right w than fixating on how much money i have."

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