It looks like Kylie Jenner may not be the youngest self-made billionaire after all: new reports are surfacing that her tax returns may be forged. According to Forbes, the makeup mogul has reportedly lied about her wealth to inflate her net worth.
They explain, “Filings released by publicly traded [beauty company] 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.”
Although Kylie Jenner may not be a billionaire, she’s still filthy rich. Forbes states that selling 51 percent of her Kylie Cosmetics to beauty giant Coty earned her an estimated $340 million after-tax. Although the number is high, it’s significantly lower than the $1.2 billion that is was estimated as back in January.
The outlet also rips into the family and exposes them for being deceitful. They say, “the unusual lengths to which the Jenners have been willing to go—including inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged—reveals just how desperate some of the ultra-rich are to look even richer.” They also throw in, “Of course white lies, omissions and outright fabrications are to be expected from the family that perfected—then monetized—the concept of ‘famous for being famous.'”
Read the full reveal here.