Kylie Jenner who was once declared a billionaire by Forbes Magazine and featured on its cover is no longer a part of the list, Forbes said that she no longer deserves the title. For the uninitiated, Kylie sold 51% of her Kylie Cosmetics company to Coty in a deal valued at $1.2 billion early this year. Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire." For the uninformed, in March 2019, Forbes featured Kylie along with the headline, "At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever." On Friday, however, the headline read, "Inside Kylie Jenner’s Web of Lies — And Why She’s No Longer a Billionaire."

Source: dna May 30, 2020 10:41 UTC