Kylie Recently Lost Billionaire Status.

Kylie Recently Lost Billionaire Status.

Kylie Jenner is one of the hottest stars in the world, a young social media influencer who has used her family’s fame and fortune to create an empire of her own. The success of her cosmetics company, Kylie Cosmetics, has further elevated her status, prompting Forbes to declare her the world’s youngest self-produced billionaire in early 2019. Recently, Forbes revoked the title, citing Jenner’s dishonesty – and according to new reports, Jenner has lost yet another financial milestone. This time the blame lies with Dwayne “The Rock” Johnson.

Kylie Is A Wealthy Young Entrepreneur

Kylie Jenner first came into the limelight with the Kardashians, like a fresh-faced ten-year-old girl. Over the years, she started creating her own brand, eventually launching the iconic “lip kit”, based on the popularity of her lips enhanced with filler. Soon after, she introduced Kylie Cosmetics, expanding into the sale of eye shadows, eyebrow products, highlighters, concealers and more.

In 2019, Kylie Jenner expanded her empire once again when she launched a line of skincare products known as Kylie Skin. The products sold out within minutes, proving that Jenner’s popularity among her fans is unique. However, Jenner’s income doesn’t just come from her makeup and skincare products – the young star is one of the biggest celebrities on social media, and occasionally posts ads for sponsored products. For these sponsored posts, she rakes in the bucks, and in March 2019, Forbes named her the world’s youngest self-produced billionaire. Jenner’s fans celebrated her successes, just as critics slammed the young woman as if she were not truly “self-made”.

Kylie Recently Lost Billionaire Status.

In early 2020, Forbes published an article that went immediately viral. They cancelled their previous article naming Jenner billionaire, claiming to have received misleading information from Jenner’s staff, information that made the makeup artist appear richer than she really is. Forbes indicated potentially falsified tax documents, as well as interviews with Kris Jenner that led them to mistakenly identify her as a billionaire in the 2019 article.

Kylie Jenner’s camp was quick to respond, questioning Forbes’ integrity and supporting her financial status. In addition, Jenner has thrown in the face the idea of falsifying any information. Regardless of who is right, Jenner’s net worth these days is not exactly what it was a year ago. His declared net worth is around $900 million, according to Forbes, thanks in part to the sale of part of Kylie Cosmetics to the Coty brand in November 2019.

Written by Meghan Mentell

TV writer
Canadian journalist

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