After being tagged the youngest self-made billionaire by Forbes Magazine back in 2019 ,Kylie Jenner became known as one of the most successful young entrepreneurs in the 21st century.
However, Forbes recently found out that the Kardashian’s self-proclaimed wealth, had been fabricated to earn the business mogul a spot in the Forbes’ magazine billionaire status.
According to Forbes, the Kardashian family went to unusual lengths to parade Kylie richer than she actually was.
She is now currently worth 900 million dollars.
However, Kylie quickly brushed off this claims saying,
“Inaccurate statements and unproven assumptions lol. I’ve ever asked for any title or tried to lie my way there.”
She further went on,
“I can name a list of 100 things more important right now than fixating on how much money I have.”
Kylie Jenner’s wealth has been growing unbelievably ever since she launched her first online lipstick business in 2015.
By the time she was 20 years, it was declared that she was worth 900 million dollars.
Forbes magazine paid a visit to Kylie Jenner back in 2018 to analyze her net worth.
The sweet-lipped Kardashian managed to convince them that her company, ‘Kylie cosmetics’ generates an annual income of more than 300 million dollars.
According to Forbes, this was an outright lie as Kylie Cosmetics had generated only 125 million dollars in profits that year.
Kylie Jenner being the youngest of the Kardashian’s is her mom’s favorite daughter according to her sisters.
It comes as no surprise since her brand has managed to generate a staggering amount of wealth for the Kardashian family.
Her business journey began back in 2015 when she was caught in the lip filler scandal.
Kylie underwent a surgery to pucker up her small lips but lied to her fans that she was using lip liner to get fuller lips.
Her mother, Kris Jenner, who is known for her shrewd business nature, grabbed the opportunity and together they started Kylie Jenner’s first lip liner and lipstick business.
Her products flew off the online stores in a matter of seconds.
“Before I could even refresh the page, everything was sold out.” She told Forbes