Kylie Jenner Is No Longer a Billionaire and Is Being Trashed for Lying | 22 Words

For someone aged just twenty-one, there's no denying Kylie Jenner has achieved a lot. She's the star of one of the longest-running and most successful reality television shows of all time, one of the most influential women on the planet, and even a mom to one-year-old Stormi. While many still see her as the youngest of the Kardashian gang, it's clear she's so much more.

But recently Forbes announced that she had lost her billionaire status. Keep scrolling to find out the shady reason why...

Kylie Jenner found her fame through her family.

They're more than just a group of sisters - they're a business empire. Each of them had multiple successful ventures and they're among the most recognizable faces of the moment.

The family came to fame on a very popular reality show.

Keeping Up with the Kardashians has been running since 2007, making it almost twelve years old. It's one of the most viewed reality TV phenomena of all time.

Kylie was nothing but a kid when the show started.

via: Getty Images

But she's grown up into a super successful girl boss, and stepped out of the shadow of her elder sisters.

Not bad for the tender age of twenty one.

Kylie has grown from being a fan favorite on the show, to a social media queen and entrepreneurial businesswoman.

She's the undisputed queen of Instagram.

She has over 128 million followers on the app, and until the recent egg-related drama, was the proud record holder for the most-liked pic of all time.

On top of this, Jenner is also a mom.

She had a baby girl with her boyfriend, rapper Travis Scott, in February of 2018. In one of the most impressive publicity stunts of all time, she managed to keep her pregnancy secret until the birth of Stormi Webster.

Kylie has a truly multifaceted career.

But what she's proven to be the most lucrative source for her is the cosmetics industry. Kylie first dipped her toe in the world with some lip products in 2015. Since then, the business has boomed.

Kylie Cosmetics is one of the most successful brands on the planet.

Kylie has cleverly expanded her product range from just lips to makeup for the whole face. It seems every product she launches seems destined to be a smash hit.

Last year, Forbes reported on her success.

In a piece about young women billionaires, Forbes claimed Kylie was set to become the most successful young businessperson in the world, valuing her cosmetics empire at a whopping $900 million.

The internet had a rather strange reaction.

Some fans set up a donation page for Kylie, trying to speed up her ascent into billionaire territory and knock Mark Zuckerberg off his throne.

Kylie Cosmetics really took after after launching in Ulta.

via: Shutterstock

The real-life availability of the products led to a pick up in sales, plus helped many customers discover the products for the first time.

And it clearly paid off.

Because last year Forbes announced in the annual list of billionaires that Kylie has made the cut. She's the youngest person ever to do so.

Kylie was just twenty-one-year-old.

Before she made the cut, the youngest ever addition to the billionaire list was Mark Zuckerberg. The Facebook founder hit the huge milestone when he was twenty-three.

Although some weren't too thrilled with the news.

Many see the sheer existence of billionaires as a failure of the system of capitalism - especially when many live in a state of constant worry about money.

Others had a different issue.

Many quibbled with the "self-made" status of Kylie's fortune. It's certainly true that if she wasn't a member of the world's most famous family, it's unlikely she'd have made the Forbes list.

While it's true she's been clever with her line, some believe she'd be nothing without her status.

Kylie was born into money, meaning investing in her business was never a source of stress. She also managed to turn her reality TV roots into a homemade marketing campaign for her products.

However, some pointed out the definition of self made.

All it means is that she created the company, and didn't inherit it after it was already turning a profit. In that case, the description perfectly fits Kylie Cosmetics - the clue's in the name!

But things have taken a dramatic twist in recent months.

After the multi-millionaire sold 51% of her business to beauty giant Coty in a deal valued at $1.2 billion, Forbes revealed some very important information.

In the fine print of the deal, there were some concerning facts...

Forbes revealed this: "One of the greatest celebrity cashouts of all time, the transaction seemed to confirm what Kylie had been saying all along and what Forbes had declared in March 2019: that Kylie Jenner was, indeed, a billionaire—at least before [the pandemic]."

They continued:

"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. And so her status has now dropped to $900 million, which, for any woman in her twenties is still a pretty great achievement. Keep scrolling to learn about why the Kardashians have repeatedly made the headlines during the pandemic.