Kylie Jenner is not a billionaire, according to Forbes. In an article titled "Inside Kylie Jenner's Network of Lies - and Why She's Not a Billionaire," Chase Peterson-Withorn and Madeline Berg of Forbes argue that Kylie Jenner cheated on her fortune.

In the beginning, Forbes writes: ?As with many other Kardashian ventures, Kylie's business began as a way to make money after a small scandal. The youngest of the family, she spent more than a year denying speculation that she was using lip fillers before admitting it in May 2015. Instead of feeling embarrassed that she had been caught lying, she and her smart mother, Chris, used it as a marketing opportunity.

With $ 250,000 earned from modeling and "Keeping up with the Kardashians," Kylie launched the first products; 15,000 sets for lips, consisting of a lipstick and a pencil, in November 2015. Thanks to smart marketing on Instagram, the sets sold out in less than a minute. ?

Jenner, now 22, was described by Forbes as "The Yongest Self-Made Billionaire Ever" - the youngest billionaire in the world to become rich. Forbes reports that Kylie and her mother, Kris Jenner, are "inflating" wealth through documents related to Jenner's personal wealth and her company's income. "It's clear that Jenner's camp is lying," says Peterson-Withorn and Berg.

Forbes says Jenners filed tax returns that were "counterfeit" and that such maneuvers, according to Forbes, show "how desperate some super-rich people are to be even richer." Any doubts that Kylie was not a billionaire were dispelled in November 2019, when Coty announced that it had bought a 51% stake in Kylie Cosmetics for $ 600 million, which puts its business at $ 1.2 billion.

Here, many people were skeptical and business analysts were of the opinion that Coty risked a lot. However, Coty looked closely at Kylie's finances.

The company's revenue, for a 12-month period before the deal, was $ 117 million, much lower than Kylie's figures for Forbes at the time. Coty said the figures had risen 40% since 2018, so the business generated just $ 125 million that year, far from the $ 360 million Jenner sent to Forbes.

Forbes states: "Kylie's business has never been as big as it used to be and since 2016, she has lied to help Forbes' estimates of its net worth." Although we can't prove those documents being false (although likely), it is clear that they lied. ?

Taking into account the above facts as well as pandemics, Forbes estimates that Kylie Jenner is not a billionaire and the net worth of her fortune is well below $ 900 million, as previously stated.