Kylie Jenner says Forbes controversy over her billionaire status is ‘literally the last thing’ she’s worried about

‘I can name a list of 100 things more important right now than fixating on how much money I have,’ says beauty mogul

Olivia Petter
Saturday 30 May 2020 15:06 BST
Comments
(Getty Images for The Met Museum/)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Kylie Jenner has said that being stripped of her “billionaire“ status by Forbes magazine is “literally the last thing” on her mind.

On Friday, the outlet published a report titled, “Kylie Jenner’s Web of Lies”, which references documents it obtained from Coty, the company which purchased 51 per cent of Jenner’s beauty brand Kylie Cosmetics in November 2019 for $600 million (£486m).

According to Forbes, which a year ago named Jenner the “world’s youngest self-made billionaire”, the documents reportedly show Jenner’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 report states: “The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice Forbes’ estimates of Kylie’s earnings and net worth.”

Jenner has responded to the allegations on Twitter and accused Forbes of publishing “inaccurate statements and unproven assumptions”.

The 22-year-old denied lying about her billionaire status and questioned the publication’s claims she forged tax returns.

“'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,” she tweeted.

Jenner added she is “okay” and grateful for her “beautiful daughter and successful business”.

One person responded to Jenner, “This is what you’re worried about right now?”, presumably in reference to the coronavirus outbreak or the death of George Floyd, a black man who was handcuffed and pleaded for air as an officer pressed his knee on his neck for several minutes during an arrest.

Jenner replied, “This is literally the LAST thing i’m worried about right now”, before adding in a subsequent tweet: “I can name a list of 100 things more important right now than fixating on how much money I have.”

On Friday, the reality TV star shared an Instagram post about Mr Floyd’s death.

 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

since watching the most devastating and completely heartbreaking video showing the murder of George Floyd earlier this week I haven’t been able to get his face and his words out of my mind. i’ll never personally experience the pain and fear that many black people around the country go through every day but i know nobody should have to live in fear and nobody deserves a death like George Floyd and too many others. speaking up is long overdue for the rest of us. we’re currently dealing with two horrific pandemics in our country, and we can’t sit back and ignore the fact that racism is one of them. i fear for my daughter and i hope for a better future for her. my heart breaks for George Floyd’s family and friends. Don’t let his name be forgotten. keep sharing, keep watching, keep speaking out, because it’s the only way we can come together to help bring this much needed change and awareness. Rest In Peace, George Floyd. 🕊🤍

A post shared by Kylie 🤍 (@kyliejenner) on

“I’ll never personally experience the pain and fear that many black people around the country go through every day but I know nobody should have to live in fear and nobody deserves a death like George Floyd and too many others,” she wrote.

“I fear for my daughter and I hope for a better future for her,” she added.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in