(Reuters) – Forbes magazine, which in March 2019 declared reality Tv star Kylie Jenner had come to be the world’s youngest self-created billionaire, said on Friday that it no for a longer time thought that her net really worth was that considerably.
FILE Image: Kylie Jenner attends the Vanity Truthful Oscar social gathering in Beverly Hills all through the 92nd Academy Awards, in Los Angeles, California, U.S., February 9, 2020. REUTERS/Danny Moloshok -/File Image
The magazine said it reviewed fiscal details unveiled by Coty Inc, which bought a fifty one percent stake in Jenner’s Kylie Cosmetics organization in November 2019.
Individuals fiscal filings present “Kylie’s business enterprise is drastically smaller sized, and considerably less lucrative, than the household has expended yrs primary the cosmetics business and media outlets, which includes Forbes, to feel,” the magazine said.
Forbes now estimates the net really worth of Jenner, 22, at all over $900 million.
Crafting on Twitter on Friday, Jenner said the new tale was based mostly on “a quantity of inaccurate statements and unproven assumptions.”
“What am I even waking up to. I assumed this was a reliable web site,” she wrote.
Jenner, fifty percent-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with $29 lip kits made up of matching lipstick and lip liner.
She to start with grabbed the spotlight in the “Keeping Up with the Kardashians” reality Tv present she starred in with her mother and siblings.
In her Twitter postings on Friday, Jenner said she was “blessed past my yrs, I have a lovely daughter, and a effective business enterprise and I’m carrying out perfectly fantastic.”
“I can identify a list of one hundred factors a lot more critical ideal now than fixating on how considerably revenue I have,” she added.
Reporting by Lisa Richwine Editing by Aurora Ellis