Forbes claims that Kylie Jenner's earnings are fake

Carla Harmon
June 1, 2020

Jenner's business and social media prominence have made her stand out even in the exceedingly famous family behind "Keeping Up With the Kardashians". And while Wall Streeters say they aren't concerned that Coty was duped into making the deal, they fear its investment could be in danger if Jenner's ability to sell to young people wanes.

"Coty said that sales were up 40 percent from 2018, meaning the business only generated about $125 million that year, nowhere near the $360 million the Jenners had led Forbes to believe", Forbes said.

The publication accused Kylie of "lying about company figures and forging tax returns", and insisted that her Kylie Cosmetics "is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe".

However, now a new report claims that the mogul is "refusing to answer calls from her momager Kris" Jenner's calls following the episode.

You can check out the Forbes article where they discussed the reasons why Kylie Jenner was removed from her list of billionaires below.

Jenner said, "The site, which I think is reputable, contains a series of misrepresentations and unproven assumptions".

Forbes said she pocketed 0m from the sale of her business.

Forbes, which is understood for its broadly cited billionaire rankings, credited Jenner's standing to the success of her cosmetics firm, which she established in 2015 and which incorporates Kylie Cosmetics and Kylie Pores and skin.

"I've never asked for any title or tried to lie my way there EVER. period", she fired off. "Even creating tax returns that were likely forged.' That's your proof? Like actually what am I reading".

"I can list 100 different things that are more important than determining how much money I have right now".

Forbes spokesman Matthew Hutchison, however, responded with a statement that the magazine's article was "triggered by newly filed documents that revealed glaring discrepancies between information privately supplied to journalists and information publicly supplied to shareholders".

As per a report by The Impartial, a spokesperson for Forbes acknowledged that the investigation took fairly an prolonged time as its reporters spent "months uncovering the information". The sensational article has estimated it to be under $900 million.

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