Forbes billionaire kylie jenner. Kylie jenner has been celebrated as the worlds youngest self made billionaire for a couple years running now. Forbes published a scathing report accusing the 22 year old star and her momager kris jenner of lying about kylies net worth and earnings of her uber successful makeup line kylie cosmetics. The wealth tracking platform provides ongoing updates on the net worth and ranking of each.
In a may 29 article the business magazine claims that kylie jenner isnt actually a billionaire. Based on insights from experts and figures from the november 2019 sale of 51 of kylie cosmetics to beauty brand coty forbes estimates that kylie is actually still just your run of the mill multimillionaire. Now just 21 kylie had made her first million before she could even legally drink to her.
Jenner first appeared on forbes billionaires list in march 2019 at age 21. She is now worth roughly 900 million. The full report brazenly titled inside kylie jenners web of lies and why shes no longer a billionaire accused the beauty moghul of.
Last friday forbes unveiled new financial findings that effectively stripped kylie jenner of the youngest self made billionaire title they bestowed her back in march 2019 and again earlier this year. Add in the cash jenner has already pulled from the profitable business and the 21 year old is now a billionaire with an estimated fortune of 1 billion. Kylie cosmetics which had 2019 revenue of 200 million was built on the back of a.
Based on this new informationplus the impact of covid 19 on beauty stocks and consumer spending forbes now thinks that kylie jenner even after pocketing an estimated 340 million after taxes. Jenner who became the worlds youngest self made billionaire in march founded her cosmetics company in 2015 at age 18 with money she earned from modeling she told forbes in 2018. Now the magazine.
In fact forbes magazine has done most of the celebrating. The newest forbes rich list has named kylie jenner the worlds youngest self made billionaire.
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