Forbes Claims Kylie Jenner is No Longer a Billionaire as They Accuse Her of Lying About Her Finances

'Forbes' has accused Kylie Jenner of reporting false financial information.
'Forbes' has accused Kylie Jenner of reporting false financial information. | Frazer Harrison/Getty Images

Hold up—has Kylie Jenner been lying about her cosmetics sales this whole time? According to Forbes, that's exactly the case.

The publication posted a news article this morning titled Kylie Jenner's Web Of Lies, and it made some pretty strong accusations against the KUWTK star, most of which stemmed from her allegedly lying about her finances. Kylie was dubbed the youngest self-made billionaire by Forbes at the age of 21, but apparently, that's no longer the case.

"Filings released by publicly traded Coty over the past six months lay bare one of the 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, including Forbes, to believe," the publication reports.

The news comes after Kylie sold 51% of Kylie Cosmetics to Coty in Nov. 2019. Apparently, the mom-of-one's famous family juiced up her sales statistics, with Forbes adding, "While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying."

The kicker? After a glamorous Forbes cover story in Aug. 2018 written about her billionaire status, the publication has officially stripped her of the title, claiming that she is once again a millionaire. That being said, Kylie is obviously doing just fine financially. Her net worth is approximately $900,000 now, the publication reports.