Kylie Jenner Responds to Forbes' Claim That She Lied About Being a Billionaire

According to Forbes magazine's annual list of highest-paid celebrities, Kylie Jenner is the top earner of the year thanks to her successful cosmetics line. The 22-year-old reportedly made $590 million over the past year after she sold a 51 percent stake in her business to beauty company, Coty, in November 2019.

Forbes has named Kylie Jenner the world's highest-paid celebrity in the year 2020, but has not restored her billionaire status despite being approached by her lawyers.Kylie Jenner earned several accolades last year when Forbes declared her the "world's youngest self-made billionaire" at the age of 21.

highest earning celebrity of 2020 - thanks to the mammoth sale of her brand Kylie Cosmetics.The star, who netted over $500 million for the sale, beat the likes of Kanye West, professional athletes and actors to the top of the list.

Less than a week after Forbes revoked Kylie Jenner’s “self-made billionaire” status, the magazine named the Kylie Cosmetics founder and her brother-in-law, Kanye West, the top-earning celebrities of 2020.

2020 feels like the endgame for humanity as the world is trying to slowly get past the coronavirus pandemic. However, the damage has already been done, whether it be the loss of life or even the economy being affected drastically.

Despite Kylie Jenner's recent feud with over her billionaire title, the magazine did give her the No. 1 spot on its 2020 Celeb 100 list, which ranks the world's highest-paid celebrities in terms of annual pay.

Less than a week after Forbes revoked Kylie Jenner’s “self-made billionaire” status, the magazine named the Kylie Cosmetics founder and her brother-in-law, Kanye West, the top-earning celebrities of 2020.

It is a family affair atop Forbes‘ 2020 list of the world’s highest-paid celebrities.

Before Forbes stripped away her prestigious billionaire status, Kylie Jenner went on a major spending spree.

After being accused by Forbes magazine of lying about her wealth in order to get the billionaire title, it looks like Kylie Jenner would rather move on from the public discussions about her finances! The reality TV star was previously dubbed as the youngest self-made billionaire in history by the same magazine! However, last week, Forbes published an expose in which they claimed that the makeup mogul lied for years about her earnings and even falsified her tax returns in order to back up those

Kylie Jenner has been all over the entertainment news cycle for the last few days, but not for the typical reasons. Hot New Hip Hop and other outlets have reported that Kylie and her lawyer asked Forbes to retract their article accusing her of falsifying records to make it seem like she was a billionaire.

When Kylie Jenner started her cosmetics company, not many people thought that it would rise to the status that it has today. However, the skepticism if she was legitimately the youngest billionaire was pushed to the side when she posed and interviewed along with Kris Jenner for Forbes magazine.

Kylie Jenner has been forced to acknowledge accusations that she inflated the value of her business resulting in her Forbes billionaire listing being removed.

When Kylie Jenner has come out fighting against claims that she lied about being a billionaire, things could be set to get a lot worse for her.The Keeping up with the Kardashian star could face a criminal investigation and even jail time if allegations she was forged her tax returns are true. Kylie, 22, hit back at claims that she inflated figures and forged tax returns for her business, Kylie Cosmetics.

Kylie Jenner has hit back at claims that she inflated figures and ‘forged’ tax returns for her business, Kylie Cosmetics.The 22 year old took to social media on Friday to defend herself against an article written in Forbes that reported her makeup company was not doing as well as people thought and she was not in fact a billionaire. Forbes is the same publication that named her the world’s youngest self-made billionaire back in 2019 and again this year.

After Forbes magazine announced that they were removing Kylie Jenner from their list of billionaires and stripped her of the title “World’s Youngest Self-Made Billionaire” because she lied about her wealth, the 22-year-old has responded to the allegations in a series of tweets.