Forbes released a publication claiming Kylie Jenner and her mom Kris Jenner lies about the success surrounding the success of the Kylie’s cosmetic company.
Kylie was originally named a billionaire by Forbes in August 2018 after it was reported her cosmetic company worth’s well around $900million which made her the youngest billionaire ever .
Forbes claim it was all a “web of lies” according them the family invited them into their mansion and CPA office where they provided them with documents showing Kylie’s company annual revenue from 2016 – 2018 which was somewhere between$307million to $360million per year.
Forbes believe the real numbers are $125milliom for 2018,$177million for 2017 but they didn’t provide for 2016 but still believed it was greatly exaggerated. Forbes now says the real numbers were $125 mil for 2018, $177 mil for 2017.
Kylie Jenner is far from broke but Forbes claim they had accountants create false tax returns to help juice Kylie’s estimated earning and networth. Forbes importantly noted she didn’t file false tax returns with the government.
Kylie sold off 51% of her company to cosmetics giant Coty last year.