Kylie Jenner is NOT a Billionaire!

Kylie Jenner has been demoted from her status as a billionaire by Forbes after they found that she exaggerated her wealth in tax documents.

The 22 year old was previously named the world’s youngest self-made billionaire.

Public findings from Coty – the company that acquired a 51% stake in Kylie Cosmetics revealed that her business was significantly smaller and less profitable than she led Forbes to believe

Kylie took to Twitter to respond.

Kylie’s new net worth is $900 million

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