She's been accused of inflating her wealth.
— Forbes (@Forbes) May 29, 2020
Source: Twitter (@forbes)
In an explosive article, Forbes magazine have claimed that Kylie Jenner is not a billionaire.
The beauty mogul and reality star was named the world's youngest self-made billionaire for the second year in a row just two months ago.
However, Forbes are now accusing her of inflating her wealth to secure billionaire status.
In a sensational article published on Friday, the magazine wrote;
“Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.”
“Of course white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of ‘famous for being famous.'”
“But, similar to Donald Trump’s decades-long obsession with his net worth, the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer.”
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 there EVER. period
— Kylie Jenner (@KylieJenner) May 29, 2020
Source: Twitter (@KylieJenner)
Kylie was quick to dismiss the claims on Twitter, saying “all i see are a number of inaccurate statements and unproven assumptions”.
Despite Kylie's denials, she could face a criminal investigation into her finances.
Speaking to the DailyMail, financial fraud attorney Jan Handzlik said;
“Part of the purpose of investigations and enforcement actions is to deter others. So when a case comes out with a lot of high-profile individuals and a natural attraction to many members of the public, this would be a good way to do it – whether or not it’s warranted in this case,”
“If the Department of Justice decides to make this a criminal case if there were to be a conviction, that could include jail time for any individuals who were responsible.”
Forbes have claimed that their new calculations put Kylie’s fortune at just under $900million.
