Let’s face it – money matters. If you want to prove that you’ve been successful in the celebrity world, your equity is a clear and objective status symbol that shows how much the world values your work. That’s why celebrities care so much about being on the Forbes list of top winners among us. This is also the reason why the world was so impressed when Kylie Jenner won the coveted distinction of being the youngest self-taught billionaire.
Now, however, Jenner’s wealth status has been questioned, and the very source that gave her the impressive title suggests that the documents behind it may have been faked.
Kylie Jenner’s billionaire status stunned the world
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Jenner is the youngest of the Kardashian-Jenner sisters. As she grew up in the limelight of her family’s luxurious lifestyle, achieving billionaire status was definitely a whole new world. The star would have reached this stage thanks to a combination of her influencer status and her business sense. She has built an empire around her makeup line.
A large part of his wildly successful range of cosmetics has focused on his lip kits. The star cited her own insecurities about the appearance of her lips for inspiration. After investing $ 250,000 of the money she made in modeling for the launch of her product line, Jenner was ready to start sales in November 2015. The first kits sold for $ 29 each, and she sold her entire stock in seconds. It was clear that Jenner’s influence on social media and an affordable product was a winning combination for massive sales and profits.
Forbes declared Kylie Jenner billionaire
In August 2018, Jenner honored the cover of Forbes magazine. Legend has declared the 21-year-old “the youngest self-taught billionaire”. He also winked at his social media and reality TV presence, noting that we had reached “the era of extreme fame leverage.” Jenner’s success was presented not only as a personal accomplishment but also as a roadmap for the future. She had built an empire around her fan base, and the extreme wealth that accompanied the plan was touted as an inspiration to influencers around the world.
While many wondered if Jenner was truly “self-made” – since she had benefited enormously from her birth in a wealthy family that was in the spotlight – most admitted that she had really amassed impressive net worth. After all, Forbes is known for checking their list and checking their status through the documentation. How could Jenner get this recognition without really making any money?
Kylie Jenner may have faked her documents
Now, however, everything we thought we knew about Jenner’s wealth has been called into question. Forbes himself published an article titled “Inside Kylie Jenner’s Web of Lies – and Why She’s No More Billionaire.” The article establishes the counterfeit: “the unusual lengths the Jenners were willing to go to – including inviting Forbes into their homes and CPA offices, and even creating tax returns that were probably falsified – reveal how much some of the ultra-rich must appear even richer.
The magazine has updated its net worth estimate and says it is probably around $ 900 million. They arrived at this figure after taking into consideration the smaller size of his “business” and a more careful estimate of its profitability “, figures revealed in small print by an agreement where Jenner sold a majority share to Coty.
While $ 900 million is certainly still an impressive net worth for the young beauty tycoon, the fact that she and her mother / manager Kris Jenner made intentional efforts to inflate the profitability of the business demonstrate what Many critics have always claimed: the family is more concerned with money than with the bottom line. The appearance of wealth motivates their decisions and gives fans the impression that they cannot trust what they see.
