It was back in 2018 that Forbes first reported on 22-year-old Kylie Jenner being close to achieving the title of the youngest billionaire to be self-made.
She officially reached the milestone a year later, and she sold 51% of her company to Coty Inc. Coty also owns Balenciaga, Tiffany & Co., and CoverGirl.
Based on that, Kylie Cosmetics was valued at a whopping $1.2 billion dollars.
At the time, Forbes claimed, “the transaction seemed to confirm what Kylie had been saying all along.” They also went on to say it was among, “the greatest celebrity cashouts of all time.”
But now, Forbes is claiming she’s not really a self-made billionaire.
Just yesterday Forbes said that they found new information leading them to believe Kylie is not actually worth a billion dollars.
Instagram; Kylie is pictured above