Kylie Jenner is kicked off the Forbes billionaire list — 2 years after she was named the "world's youngest billionaire."
Kylie Jenner was officially banned from Forbes' 2021 billionaire rankings, just two years after she was controversially named the "world's youngest self-enriching billionaire."
The 23-year-old reality star - and 61 others - were dropped from Forbes' 35th annual billionaires list, which was announced April 6.
Jenner became rich thanks to her company Kylie Cosmetics, which is valued at about $ 1.2 billion. Last year she sold 51% of her ownership to Coty Brands for $ 600 million.
Forbes later reported that Kylie and Kris Jenner, her mother and her manager, "inflated" her wealth in documents they sent to Forbes, accusing "Kylie's camp" of "lying."
The Jenners reportedly invited Forbes into their homes and into the offices of their accountants; and they submitted tax returns that were "falsified."
Forbes reporters compared what the Jenners did to Donald Trump's maneuvering and efforts to appear richer than he actually was, then estimating that Kylie Jenner's wealth was likely less than "$ 900 million."
Currently, the reality TV star's net worth is estimated to be around $ 700 million. Yet another member of the Kardashian-Jenner family made the list: Kim Kardashian West is now officially a billionaire.
Forbes reported Tuesday that Kardashian West now has a fortune valued at $ 1 billion, following the success of KKW Beauty and its modeling company Skims.
