Young Billionaire Title Kylie Jenner Revoked Forbes

Forbes magazine officially revoked the name of Hollywood star Kylie Jenner from the list of young world billionaires ever given in March 2019. Forbes accused the 22-year-old woman of not providing true financial information about her cosmetics business and falsifying her billionaire status. Reported on the Forbes.com page, Forbes said that Kylie Jenner’s cosmetics business, Kylie Cosmetics, was not as successful as reported, and even had a deficit. Forbes said that Kylie and her family intentionally raised the business and success of the youngest Kardashian-Jenner family.

Kyle Gave Fake Document

“Although we cannot prove that the document is fake (although it is most likely true), it is clear that Kylie has lied,” Forbes wrote. Even sister of supermodel Kendall Jenner was said to have raised numbers and tax data when researched last year. Forbes said Kylie’s Cosmetics business income and Kylie’s assets had not reached US $ 1 billion. Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Kyle Does Not Reach 1 Billion

Thus, Forbes concluded that Kylie Jenner’s total wealth actually reached US $ 900 million. This makes Kylie not worthy of being called a young billionaire because he does not yet have assets of at least US $ 1 billion.

Kylie Cosmetics’s income is also not as big as her claim. Kylie Cosmetics is predicted to get US $ 360 million (Rp. 5.3 trillion) last year. However, based on a presentation from Coty Inc., a company that bought Kylie Cosmetics shares, the company only pocketed US $ 125 million or around Rp1.8 trillion. As much as US $ 100 million or equivalent to Rp1.5 trillion was obtained from skincare products released by Kylie in May 2019.

Forbes claimed to have asked for clarification from Kylie Jenner, but had not yet received an answer. Responding to Forbes’ decision, through his Twitter account, Kylie Jenner said the article released by Forbes was also inaccurate based on unproven assumptions. Quoted from the Beautinesia site, Princess of Chris Jenner was also reluctant to respond and justify how much wealth he currently has. “I never asked for any titles or intended to lie at that time,” said the mother of Stormi Webster.

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