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| Kylie Jenner is not a billionaire says Forbes |
Forbes List says Kylie Jenner is not a billionaire
Forbes.com announced that the billionaire status claimed by Kylie Jenner was just a web of lies and explained why she is not a billionaire.
According to Forbes list, Kylie Jenner sold half of her cosmetics company in one of the celebrity cashout of all time.but the deals fine print says that she has been inflating the size and success of her business.
Kylie Jenner sold 51% of her cosmetics company to a cosmetic giant company called Coty in a deal valued around 1.2 billion dollars this january making it to be one of the biggest celebrity cashout of all time.which made Forbes think she was at the billionaire status before the corona virus pandemic.
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| Kylie Jenner in 2018 Forbes magazine |
But the files that were signed by both Kylie Jenner and Coty was released by Coty, over the past six months lay bare all the hidden secrets that the Jenners had been keeping away from the public.
Based on the new information obtained, Forbes now thinks that Kylie Jenner even after pocketing 340 million dollars is still not a billionaire.
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