This Is Why Kylie Jenner Was So Desperate to Fake Her Billionaire Status, an Expert Explains
Kylie Jenner is only 22-years-old and she has more money than she can spend in several lifetimes. The Kylie Cosmetics mogul has no qualms about showcasing her wealth and riches. In addition to her stint on her family’s long-running reality series, Keeping Up with the Kardashians, Jenner uses Instagram and Tik Tok to show off her lavish wealth.
From her new resort-style $36.5 million mansion to her mountains of couture clothing, and extensive wig, designer handbag, and car collections, Jenner is not at all modest when it comes to showing her fans how she spends her money. In fact, she reportedly spent $130 million last year alone which has worried her mother, Kris Jenner, and her older sisters.
However, Jenner’s net worth and wealth aren’t exactly what they appear to be to the naked eye. Though Forbes Magazine had previously touted Jenner as being the youngest self-made billionaire on the planet, the magazine recently stripped Jenner of the title following their investigative piece, “Inside Kylie Jenner’s Web Of Lies — And Why She’s No Longer a Billionaire.” This is why Jenner may have lied about her wealth.
Kylie Jenner forged documents to make herself look like a billionaire
In their investigative report, “Inside Kylie Jenner’s Web Of Lies — And Why She’s No Longer a Billionaire,” Forbes claims that Jenner and her mother have been desperate to get her on the cover of their magazine for years. Apparently, the Jenners went as far as inviting Forbes into their family homes and their CPA’s offices.
“Kylie’s business is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and media outlets,” Forbes reported. The company also claims that Jenner and her mother forged tax documents.
“If Kylie Cosmetics did $125 million in sales in 2018, how could it have done $307 million in 2016 (as the company’s supposed tax returns state) or $330 million in 2017?” Forbes writes. Though the Jenner’s lawyer has asked Forbes to write a retraction, the magazine is sticking by their findings. As a result, Jenner’s beauty brand is currently under investigation by three law firms regarding possible violations of federal securities laws.
Kylie Jenner’s actual net worth
In addition to their sweeping report on Jenner’s business dealings, Forbes has also released Jenner’s adjusted net worth. The company claims that the mother-of-one is worth $900 million, which is still very close to being a billionaire.
However, Jenner is horrified by these accusations and is reportedly freaking out about the entire ordeal. When the report was first released, Jenner clapped back on Twitter saying, “I thought this was a reputable site…all I see are a number of inaccurate statements and unproven assumptions lol.”
Things are also apparently tense between Jenner and her mother, “Kris—who reportedly gets ten percent of Kylie’s deals–is in panic mode,” a source told The Sun. “Kylie won’t answer the phone for Kris and is at a loss over who to trust. Kris is petrified Kylie could sack her or cut her off so tensions are at an all-time high. Kris and Kylie are freaking out and fear that this is going to hurt their brand, and even worse, they could be in trouble with the government.”
This is why Kylie Jenner was desperate to fake her billionaire status
Jenner is an extremely wealthy and well-known woman. Therefore, people are absolutely stunned that she would go to such lengths to lie about her net worth. After all, it appears that she is still well on her way to billionaire status.
“The problem here is the inherent pressure to do something like produce fake tax returns in order to prove how successful a business is,” marketing expert Molly Borman Heymont wrote in Newsweek. “That’s because in the world of Instagram influence, the appearance of success is more important than success itself.”
Though influencers use their following to make money, money and followers don’t always align. Jenner might have 179 million fans on Instagram alone, but that doesn’t mean they are buying her products.