This is coming a year after the 22-year-old was named ‘The Youngest Self Made Billionaire Ever’.
Kylie made headlines after the sale of a 51% stake of her Kylie Cosmetics to beauty company Coty in a deal that valued her company at $1.2 billion.
In the investigation by Forbes, it is alleged that Kylie and her mother have been exaggerating the earnings and revenue of Kylie Cosmetics.
“It’s clear that Kylie’s camp has been lying,” Forbes reported.
Her wealth is likely closer to just under $900 million, according to Forbes’ estimate.
Reacting to the news, Kylie said there were other things more important to her than her net worth.
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