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Kylie Jenner slams reports claiming she faked billionaire status

The youngest member of the Kardashian-Jenner clan blasted Forbes’ reporting that accused the makeup mogul of showing the magazine fake tax returns to inflate her net worth. Kylie Jenner on Friday laughed off the blistering new Forbes report claiming she fudged her finances to be crowned Forbes’ youngest self-made billionaire.

Kylie Jenner slams reports claiming she faked billionaire status


Earlier this year, report claimed Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash-outs of all time. But the deal’s fine print reveals that she has been inflating the size and success of her business. For years.

“Kylie is a modern-day icon, with an incredible sense of the beauty consumer,” Coty chairman Peter Harf gushed when announcing the acquisition in November.

But in the deal’s fine print, a less flattering truth emerged. Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: 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.


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