Kylie Jenner is not a billionaire, Forbes magazine now says

(Reuters) – Forbes magazine, which in March 2019 declared truth Tv star Kylie Jenner had develop into the world’s youngest self-produced billionaire, mentioned on Friday that it no for a longer period thought that her internet truly worth was that substantially.

FILE Photograph: Kylie Jenner attends the Vainness Reasonable Oscar bash in Beverly Hills throughout the 92nd Academy Awards, in Los Angeles, California, U.S., February 9, 2020. REUTERS/Danny Moloshok -/File Photograph

The magazine mentioned it reviewed monetary data unveiled by Coty Inc, which bought a 51 p.c stake in Jenner’s Kylie Cosmetics organization in November 2019.

Those monetary filings show “Kylie’s enterprise is noticeably more compact, and significantly less rewarding, than the family members has expended decades primary the cosmetics marketplace and media shops, which include Forbes, to consider,” the magazine mentioned.

Forbes now estimates the internet truly worth of Jenner, 22, at around $900 million.

Composing on Twitter on Friday, Jenner mentioned the recent story was dependent on “a range of inaccurate statements and unproven assumptions.”

“What am I even waking up to. I considered this was a reliable web site,” she wrote.

Jenner, fifty percent-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with $29 lip kits made up of matching lipstick and lip liner.

She first grabbed the highlight in the “Keeping Up with the Kardashians” truth Tv show she starred in with her mom and siblings.

In her Twitter postings on Friday, Jenner mentioned she was “blessed over and above my decades, I have a beautiful daughter, and a effective enterprise and I’m executing completely high-quality.”

“I can name a checklist of a hundred factors much more critical correct now than fixating on how substantially funds I have,” she included.

Reporting by Lisa Richwine Enhancing by Aurora Ellis

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