No one expected for Forbes to write a lengthy exposé about their own report regarding Kylie Jenner and her billionaire status, yet, here we are. In March 2019, Forbes wrote an article about the cosmetics mogul, declaring Kylie Jenner the youngest self-made billionaire. The declaration was met with backlash as people argued whether or not she was actually “self-made,” but Forbes trudged on with their assertation and the 22-year-old wore her crown proudly.

Frazer Harrison / Staff / Getty Images

Then, on Friday (May 29), Forbes lit up social media channels after sharing an article with accusations that Kylie Jenner and her mom-ager, Kris Jenner, weren’t being truthful about the amount of money that the mogul made. “In November 2019, Jenner announced she would sell 51% of Kylie Cosmetics, the makeup brand she founded and built up Instagram and social media, to beauty giant Coty,” Forbes wrote in their more recent report. “That deal valued Kylie Cosmetics at nearly $1.2 billion, and seemed to back up Forbes’ calculations that she was a billionaire. But public filings from Coty since then revealed discrepancies between the business’ real performance and what the Jenners had previously shared with Forbes and other publications.”

Following their report, Kylie blasted the outlet on social media and a lawyer for the star demanded that they retract their article. Forbes bit back, and they’re standing by their findings. “Today’s extensively-reported investigation was triggered by newly-filed documents that revealed glaring discrepancies between information privately supplied to journalists and information publicly supplied to shareholders. Our reporters spotted the inaccuracies and spent months uncovering the facts. We encourage the attorney to re-read the article.”

[]

Let’s preface this by saying that Kylie Jenner is ridiculously rich. She’s got more money than any of us will ever see in our lifetimes. However, to say that she’s the youngest self-made billionaire is a lie, according to Forbes.

After providing her that title last year, the publication has looked further into her wealth and determined that she is no longer a billionaire, calling her a liar and accusing her of hiding things in the fine print of her extravagant deal with Coty.

As you may know, Kylie Jenner sold a majority stake in her company, Kylie Cosmetics, to Coty in a deal valued at $1.2 billion. The makeup mogul reportedly pocketed a cool $340 million from the deal, which would have made her the youngest self-made billionaire. However, Forbes notes that Mark Zuckerburg may still hold that title after looking into the fine print.

Neilson Barnard/Getty Images

The company is making extraordinary claims that the Kardashian family created a “web of lies” to give off the impression that Kylie is richer than she actually is. Forbes is now estimating Kylie’s personal net worth at just under $900 million, which is obviously still impressive.

Forbes has accused Jenner of “lying about company figures and forging tax returns” after Coty released filings that reveal her empire to be much smaller than previously believed. 

What do you make of these claims?

[]

Earlier this morning, we reported on Forbes’ big Billionaires list, which ranks 200 of the richest people on the planet, starting with Jeff Bezos with a $113 billion fortune. However, Forbes released a second list dedicated to the youngest billionaires. Their wealth might not be quite as vast as someone like Bezos and Bill Gates, but it’s impressive nonetheless, especially considering the age of some of these self-made (as Forbes refers to it) billionaires– among them, the highly controversial Kylie Jenner.

When Kylie Jenner was first flouted by Forbes’ as the youngest ‘self-made billionaire’ there was a severe backlash, as people argued that Kylie wasn’t exactly self-made– she was born into a family that afforded her certain advantages, which in turn, allowed her to build an immense brand and fortune. Nonetheless Forbes stood by their labeling, and now Kylie is crowned the youngest billionaire, again.

Neilson Barnard/Getty Images

This year, Jenner, age 22, is listed with a worth of $1 billion thanks to her businesses Kylie Cosmetics and Kylie Skin. Forbes reports that, out of 2,095 billionaires in the world, only 10 of them are 30 or younger. Kylie is among this elite group, with the group averaging out to $15.9 billion in total net worth.

As far as Jenner goes, she cemented her spot in this list even further when she sold 51% of her Kylie Cosmetics brand to City Inc. for $600 million. This deal valued her business at $1.29 billion.

Jenner is among only three ‘self-made’ billionaires on this list as well– alongside Snap CEO, Evan Spiegel and John Collision of start-up Stripe. The rest of the youngest billionaires on the list are heirs.

Kylie, with her $1 billion net worth, tops the list of youngest billionaires at #1.

[]

Kylie Jenner has set out to combat some of the shortages of supplies amid the coronavirus pandemic, by teaming up with beauty company, Coty Inc., to donate custom-made hand sanitizer to hospitals in southern California. On Tuesday, the beauty and skincare mogul and her momager, Kris Jenner, announced the partnership with Coty, who is a major stakeholder in both Kylie Cosmetics and Kylie Skin. The hand sanitizer will be produced in Coty’s factories, and will be “dedicated to first responders working to support our communities.” The product will be provided to “medical and emergency services staff,” as well as both the employees making the sanitizer and those responsible for delivering it to people in need. 

Frazer Harrison/Getty Images

Since Coty will be producing the hydro-alcoholic gel in its own facilities, Kylie Skin will reportedly not be affected by this venture. However, distribution has already been haulted on Kylie Cosmetics products, along with Kim Kardashian‘s KKW Beauty line, after California issued a statewide shelter-in-place order last month.

David Dee Delgado/Getty Images

Along with helping to relieve the shortage of hand sanitizer as a result of the pandemic, Kylie has also donated $1 million toward providing protective masks for a Los Angeles hospital. Prior to this donation, Kylie urged her followers to practice social distancing and stay home, after she was called upon by the surgeon general of the United States to use her platform to make a statement.

With the newest collection for her Kylie Cosmetics line, Kylie Jenner is keeping things along the lines of a family affair.

It was in a new promotional video for a new collection of products, dedicated to Jenner and Travis Scott's daughter Stormi, that the mogul also teased fans to a snippet of an unreleased track that features Scott, Don Toliver, and fellow Texas upstart Kaash Paige.

"I think I’ve been waiting for this moment since the day i found out i was pregnant," wrote Kylie in an accompanying caption. "An entire collection by @kyliecosmetics dedicated to my beautiful daughter i can’t wait for the reveal!!!! You will fall in love. The Stormi Collection launches 2.1.20"

Following the unveiling, many fans naturally inquired about the identity of the track with Paige confirming that the cut was indeed an unreleased collaboration on which she is featured, set to arrive on DonToliver's forthcoming solo project.

"Oh I forgot to tell y’all," wrote Kaash in a tweet. "I’m on don toliver project with him and Travis."

It's not the first time Kylie has shown love for all three artists. Last year, Paige's profile got a signifanctboostafterJenner featured her "Love Songs" track in one of her Instagram stories, a very common trend as of late for Jenner whose candid social media moments have become a hotbed for new talent.