More than a decade and Kylie Jenner has gained too much fame and love from the audience. After all the Whole Kardashian family tend to induce eye rolls and sighs among jaded media consumers. But when it comes to their wealth, they were into the limelight about different talk through videos, podcasts, and pictures. But no one cares more about the topic than the family itself. May be Kardashian family spend much time convincing Forbes for higher spots on our annual wealth and celebrity earnings lists.

So when the youngest sister of the family, the beauty icon Kylie Jenner land into the cosmetic business and sold 51% of her Kylie Cosmetics to beauty giant Coty. The deal valued at $1.2 billion, it was great deal for the family.

 One of the greatest celebrity cash-outs of all time, the transaction seemed to confirm what Kylie had been saying all along. And what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire before the chaos of coronavirus had started.

The Self Made Women

The sky-high no. become limelight everywhere from People to CNBC and Fortune. During the summer of 2018, Forbes set out to calculate Kylie’s net worth for our list of the richest self-made women, the youngest billionarie. Even analysts said declared the large number true and possible… The estimates kept climbing. Revenues were $400 million, according to a Piper Jaffray research note in 2018. Forbes Cover

Jenner on the August 31, 2018 issue of Forbes

The big numbers were provide by Jenner said, Forbes. Kylie appeared on the cover of Forbes magazine in July 2018, ranking No. 27 on our listing of the richest self-made women. At age 20, she was worth $900 million, we estimated, and would soon become the youngest self-made billionaire ever.

“Thank you for this article and the recognition,” Kylie Instagrammed. Kim Kardashian West tweeted her congratulations—twice. “I am SO proud,” Kris Jenner wrote, finally pleased.

The next month Kylie celebrated her 21st birthday at West Hollywood nightclub Delilah, and bartenders in black T-shirts with Kylie’s Forbes cover printed on them, her face plastered next to the words “America’s Women Billionaires.” By early the next year, she officially crossed the ten-digit threshold.

But based on this new data and new information. Plus the impact of Covid-19 on beauty stocks and consumer spending. Forbes has changed the statement and thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire.

kylie Jenner. trendingdiary.com
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Kylie Jenner Reaction When Forbes said she is no longer a Billionaire 

forbes
Source: Forbes magazine

Forbes magazine, in 2019 declared TV star Kylie Jenner had become the . world’s youngest self-made billionaire. But later believe that she is no longer a billionaire and declined for her net worth.

Forber Magazine reviewed financial data released by Coty Inc, which bought a 51 percent stake in Jenner’s Kylie Cosmetics company in November 2019.

But now the financial statements show that “Kylie’s business is comparatively smaller and less profitable. It is quite different than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe,” the magazine said.

Now the Forbes stimulates a different network which includes around $900 million.

After this complete statement, Kylie has also twitted on this story

“a number of inaccurate statements and unproven assumptions.” “What am I even waking up to. I thought this was a reputable site,” she tweeted.

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