Shortly after Forbes revealed that Kylie Jenner wasn't infact a billionaire, it has emerged that she is no longer the highest-earning celebrity on Instagram, either.
She isn't having the best year, is she?
Keep scrolling for the full details, and to find out which unexpected celebrity has knocked her from her number one spot...
Kylie Jenner found her fame through her family.
via: GettyThe Kardashians are so much more than just a group of sisters - they're a business empire. Each of them has multiple successful ventures and they're among the most recognizable faces at 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 ImagesBut now, she's grown up into a super successful girl boss and has well and truly stepped out of the shadow of her elder sisters.
Not bad for the tender age of twenty-two.Kylie has grown from being a fan favorite on the show to a social media queen and an entrepreneurial businesswoman.
She's the undisputed queen of Instagram.
Alongside raising her daughter, Kylie has continued to build her already very successful career both on the app and with her beauty brand...
Kylie Cosmetics is one of the most successful brands on the planet.
Last year, Forbes reported on her success.
The internet had a rather strange reaction, however...
But before we knew it...
At 21, Kylie Jenner becomes the youngest self-made billionaire ever https://t.co/PTLYwKp69b #ForbesBillionaires https://t.co/K3NwZTmyWS— Forbes (@Forbes)1551787286.0
Kylie was just twenty-one years old when this was announced.
Forbes is revealing its annual list of the world’s billionaires, and Facebook founder Mark Zuckerberg has to give u… https://t.co/jlOj995eZJ— TODAY (@TODAY)1551793216.0
Of course, many weren't too thrilled with the news.A lot of people 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.
However, some pointed out the definition of self made.
21-year-old Kylie Jenner is the youngest billionaire on @Forbes annual ranking, and the youngest self-made billiona… https://t.co/NsNTsbLTVh— Natalie Robehmed (@Natalie Robehmed)1551780970.0
But things have taken a dramatic twist in recent months.
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]."
via: Getty"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.
Forbes claimed that it was likely that Kylie's business was never as big as she made it out to be...
via: Getty"You have to remember they are in the entertainment business. Everything in entertainment has to be exaggerated to get attention."
Forbes isn't impressed with the young millionaire, at all.
Kylie tweeted this in her own defense...
i can name a list of 100 things more important right now than fixating on how much money i have— Kylie Jenner (@Kylie Jenner)1590767707.0
It takes just once glance at Kylie's Instagram page to clearly see she likes her money...
Recent reports have suggested that Kylie may be spending her millions a little too quickly.
via: GettyA new report from Page Six has revealed some of the young woman's spending habits and trust us when we say this, they will make your eyes water.
A source reached out to the publication...
They went on to suggest that Kylie's spending is a common cause of concern amongst her sisters...
"She’s likely spent over $130 million in the past year."
And now, on top of all of this, Kylie has experienced yet another financial blow.
via: GettyIt has been revealed today that the reality star has been knocked from her number 1 spot as Instagram's highest-earning celebrity.
For a long time, Kylie has been the richest celeb on Instagram...
via: GettyWith a staggering 183 million followers on the app. But now, someone has taken her place, and it was totally unexpected.
Dwayne "The Rock" Johnson is now the highest-earning celebrity on Instagram.
via: GettyThe wrestler-turned-actor boasts an impressive 188 million-strong following and, according to the Instagram scheduling tool, Hopper HQ, his earnings for posts on the site have jumped by fifteen-percent since last year.
According to the site, he can earn $1,015,000 by sending out a single sponsored post to his followers.
via: GettyKylie, on the other hand, only gets $986,000, which is down twenty-two percent from last year. Still, it isn't a bad sum of money for an Instagram post, is it?
Chin up, Kylie!
via: GettyI'm sure momager Kris Jenner will have a trick up her sleeve for your dwindling bank account... For more on the Kardashians, keep scrolling to read about Kim's controversy surrounding black face...