After Forbes magazine dropped the bomb that they declared Kylie Jenner is not in fact a billionaire, the 22-year-old has reportedly had a huge falling out with her mum and manager – or rather ‘momager’ – Kris Jenner.
Kylie was accused by Forbes that she inflated her net worth in her financial filings, which she has vehemently denied, but is reportedly “furious” with her mother and is refusing to take phone calls from Kris.
“Kris—who reportedly gets 10 percent of Kylie’s deals—is in panic mode,” a source told The Sun. “Kylie won’t answer the phone for Kris and is at a loss over who to trust.
“Kris is petrified Kylie could sack her or cut her off, so tensions are at an all-time high.”
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Forbes did not only strip the makeup mogul of her billionaire title, they also alleged Kylie Cosmetics is “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe”.
“Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire,” the article titled ‘Inside Kylie Jenner’s web of lies’ also stated.
However, in response to the accusatory article, the makeup mogul hit back stating Forbes’ claims were based on “inaccurate statements and unproven assumptions”.
what am i even waking up to. i thought this was a reputable site.. all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period
— Kylie Jenner (@KylieJenner) May 29, 2020
Despite Kylie’s denials, this has affected the shares in Coty, having dropped by 13 per cent after. The beauty company bought the majority share in Kylie Cosmetics last year for $600 million (Dhs2.2 billion), at the time reportedly making Kylie a billionaire.
Kylie’s attorney Michael Kump has stated the “article is filled with outright lies”.
“We have reviewed Forbes’ article accusing Kylie of engaging in deceit and a ‘web of lies’ to inflate her net worth,” Jenner’s attorney told the New York Post in statement.
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Feature Image: Kylie Jenner Instagram
