Insider

Kylie Jenner is officially booted off Forbes billionaires list 2 years after being named the world’s ‘youngest self-made billionaire’

Summary List PlacementKylie Jenner was officially booted off this year's Forbes billionaires ranking, just two years after she was controversially named as the world's "youngest self-made billionaire". The 23-year-old socialite, along with 61 others, were dropped off the Forbes' 35th annual billionaires list, which was announced on April 6.   Jenner became rich from...

kylie cosmetics

Summary List Placement

Kylie Jenner was officially booted off this year’s Forbes billionaires ranking, just two years after she was controversially named as the world’s “youngest self-made billionaire”.

The 23-year-old socialite, along with 61 others, were dropped off the Forbes’ 35th annual billionaires list, which was announced on April 6.  

Jenner became rich from her Kylie Cosmetics company, which is valued at around $1.2 billion. Last year she sold 51% of her ownership to Coty Brands for $600 million. 

Forbes later reported in 2020 that Jenner and her mother and manager Kris Jenner had “inflated” their wealth in documents they sent to Forbes, accusing “Kylie’s camp” of “lying.” 

The Jenner mother-daughter duo had reportedly invited Forbes into their homes and to their accountants’ offices, and given Forbes tax returns that were “forged.”  

Forbes reporters compared what the Jenners did to Donald Trump’s maneuvers and efforts to look richer than he actually was, estimating then that Kylie Jenner’s wealth was likely closer to “just under $900 million.” 

Jenner’s current net worth is estimated to be around $700 million. But another member of the Kardashian-Jenner made it to the list: Jenner’s half-sister Kim Kardashian West is now officially a billionaire.

Forbes reported yesterday that Kardashian West is now worth $1 billion, after the success of KKW Beauty and her shapewear company Skims.

Join the conversation about this story »

NOW WATCH: How Grammy award winner, Billie Eilish, harnesses the power of ASMR in her music

Leave a Reply

%d bloggers like this: