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Kylie Jenner is no billionaire after all. At least it is what the Forbes magazine is reporting on its May 29, 2020 issue.
Ironically, it was also Forbes that also declared the youngest Jenner as a billionaire last March 2019 making her set the record as the youngest self-made billionaire at the age of only 21 years old.
Now, a report on Who's upcoming June 15, 2020 issue is alleging that the Kylie Cosmetics mogul had lied about her assets just so she could be declared a billionaire.
The Forbes article had a screaming title of Inside Kylie Jenner's Web of Lies - And Why She's No Longer a Billionaire wherein it is alleged that the success of Kylie Cosmetics may have been inflated for years.
They based this allegation on the figures that were revealed when Kylie sold half of Kylie Cosmetics to Coty, which started out as a skincare business but is now a beauty conglomerate.
These were allegedly results of an investigation that the Forbes had undertaken.
The magazine also claimed that the publicists of the Kardashian-Jenner have also been aiming to put Kylie on the Forbes cover eversince her older sister, Kim Kardashian West, also earned hers in 2016.
Kylie is playing it cool on social media but the Who claims that she and her mother, Kris Jenner, who is also her manager, is in a panic because they could also be in trouble with the government.
The SEC could look into the allegation and order its own investigation which will not be good for the young Jenner and her business. The issue could hurt Kylie Cosmetics.
Neither Kylie nor her mother is answering calls. Kylie, however, has made it a point to appear cool on social media.
