It’s been reported that tensions at an “all-time high” between Keeping Up with the Kardashians stars, Kris Jenner and Kylie Jenner amid the Fobes controversy. After Fobes released its tell-all post claiming that Kylie has been lying about her wealth, she and her “momager” Kris have been at odds.
Last week, an explosive report by Forbes Magazine claimed that Kylie isn’t a billionaire. The mother of one has been accused of forging tax documents to make her business look more successful than it actually was when she sold it off to Coty. Kylie Jenner made her fortune and became the richest of her sisters selling Kylie Lip Kits for $29. The reputable financial site, Forbes, put Kylie on the cover of its magazine in March 2019, with the headline about Kylie being the youngest-ever self-made billionaire. Upon further investigation by Forbes, they claim there’s a lot of secrets going on behind the scenes.
The Sun reported Jenner is “furious” with her mother and is no longer taking her phone calls. The momager receives ten percent of all Jenner’s deals and is currently melting down over the reveal. A source told the outlet that Kris does not know who to trust and is very nervous that Jenner may fire her. Apparently, tensions are at an “all-time high” between the once close mother and daughter duo. Both Jenner and Kris are anxious that the bombshell will hurt the Kylie Cosmetics’ brand. Fans also pointed out that they could be in serious trouble with the US Government. Jenner as her to officially dispute Forbes’ claims.
According to Forbes, Jenner may have lied in order to keep up appearances that she was still a billionaire. Jenner sold half of her cosmetic empire, in what was revealed as one of the greatest celebrity cash-outs of all time, to Coty for around $1.2 billion. According to the magazine, the fine print shows that the reality star has been inflating the success of her business. They are claiming that the 22-year-old spun a web of deceit and even lied about her company’s true figures, going as far as to forge tax returns to reach the covenant spot of a billionaire. Despite pocketing an estimated $340 million (after-tax) from the sale with Coty, Forbes claims that Kylie’s personal fortune is under $900 million, not over $1 billion as previously claimed.
The Keeping Up with the Kardashians star unseated Facebook’s Mark Zuckerberg as the youngest-ever self-made billionaire, he made his first billion when he was just 23 years old, while Jenner was only 22 when she was on the cover. Fans will remember that the magazine stood by putting Jenner on the front cover even though she had help from her family. Now it seems that the outlet was duped, just like the rest of us. Now, it will remain to be seen how Kylie and her momager, Kris will deal with the damage of the Forbes articles, in both the brand and their relationship.
