The Truth About Kylie Jenner's Net Worth Scandal

The Kardashian-Jenner family's financial situation is fascinating. It's also difficult to figure out what's true and what's false when it comes to their enviable funds, and that includes the ins and outs of Kylie Jenner's formidable fortune. Kylie got rich through TV deals, brand endorsements, and running a successful cosmetics company, among other lucrative endeavors. But just how wealthy is she? Is she really a billionaire? Answering that question might be a little harder than expected, due to some recent allegations regarding the reality star's actual net worth. Kylie enjoys the kind of lifestyle that requires a fortune to fund. Fortunately for the star, in January 2020, American multinational beauty company Coty purchased 51% of Kylie Cosmetics for $600 million, effectively valuing the business at about $1.2 billion. Forbes notes that this was, quote, "a watershed moment for the family" and "one of the greatest celebrity cash-outs of all time." It also seemingly confirmed what Forbes had declared in March 2019: that Kylie Jenner was, indeed, an actual billionaire. However, that might not be true. In May 2020, according to Forbes, filings released by Coty supposedly, quote, "lay bare one of the [Kardashian-Jenner] family's best-kept secrets: Kylie's business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets...to believe." Forbes also claims that Kylie was "desperate" to inflate her worth, writing, "The unusual lengths to which the Jenners have been willing to go, including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged, reveals just how desperate some of the ultra-rich are to look even richer." As for Kylie's true net worth? The outlet believes, taking this new information into account and factoring in the effects of the COVID-19 pandemic, that she has "just under" $900 million. Following Forbes' claims, Kylie took to Twitter to respond to the buzz, writing, "What am I even waking up to. I thought [Forbes] was a reputable site...all I see are a number of inaccurate statements and unproven assumptions lol. I've never asked for any title or tried to lie my way there EVER. period." The star then started to break down the accusations, adding, "Even creating tax returns that were likely forged' that's your proof? so you just THOUGHT they were forged? like actually what am I reading[?]" However, after Kylie acknowledged that she's, quote, "blessed beyond [her] years" she seemingly brushed off the situation, writing, "This is literally the LAST thing I'm worried about right now. I can name a list of 100 things more important right now than fixating on how much money I have." Although that could have been the end of the budget-focused brouhaha, it turns out that Kylie wasn't taking things as lightly as her final tweets made it seem. Although the star initially blew off some steam about the situation on social media, Kylie's attorney, Michael Kump, told TMZ, "The article is filled with outright lies. Forbes’ accusation that Kylie and her accountants 'forged tax returns' is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements. It is sad that, of all things, Forbes has devoted 3 reporters to investigate the effect of the coronavirus crisis on Kylie's net worth. We would not expect that from a supermarket tabloid, much less from Forbes." Although Kylie has denied any wrongdoing on Twitter and slammed the outlet for the piece, it's taking a toll on her and her family…at least according to the tabloids. An anonymous source claimed to The Sun, "Kris, who reportedly gets ten percent of Kylie's deals, is in panic mode. Kylie won't answer the phone for Kris and is at a loss over who to trust. Kris is petrified Kylie could sack her or cut her off so tensions are at an all-time high." Of course, it's always hard to tell whether sources are actually privy to the family's emotional state, but Kylie does have reason to be a little worried, even if she's done nothing wrong. According to what Jan Handzlik, who served five years as a federal prosecutor in Los Angeles, told the Daily Mail, the Forbes article could lead to the Securities and Exchange Commission opening a formal investigation into the matter. Even if there's nothing criminal going on, an investigation could still be costly and cumbersome for Kylie, and also cost her more money when it comes to hiring lawyers to help her defend herself against the claims. Not to mention having to deal with her momager! Watch the video to learn The Truth About Kylie Jenners Net Worth Scandal! #KylieJenner