Kylie Jenner Officially Banned From Forbes Billionaires List 2 Years After Being Named The ‘World’s Youngest Billionaire’

kylie cosmetics
  • Kylie Jenner was conspicuously absent from Forbes’ 2021 lists of the world’s billionaires.

  • Jenner was sued by Forbes last year for exaggerating claims about her net worth.

  • It was later estimated to be worth around $ 900 million, not $ 1 billion.

  • Visit the Insider home page for more stories.

Kylie Jenner was officially banned from this year’s Forbes billionaire rankings, just two years after she was controversially named the “world’s youngest self-made billionaire.”

The 23-year-old socialite, along with 61 other people, were removed from Forbes’ 35th annual billionaires list, which was announced on April 6.

Jenner became rich thanks to her company Kylie Cosmetics, which is valued at around $ 1.2 billion. Last year he sold 51% of his property to Coty Brands for $ 600 million.

Forbes reported later in 2020 that Jenner and her mother and her manager Kris Jenner had “inflated” their wealth in documents they sent to Forbes, accusing “Kylie’s camp” of “lying.”

Jenner’s mother-daughter duo had reportedly invited Forbes into their homes and the offices of their accountants, and handed them “forged” Forbes tax returns.

Forbes reporters compared what the Jenners did to Donald Trump’s maneuvering and efforts to appear richer than he actually was, then estimating that Kylie Jenner’s wealth was likely closer to “just under $ 900 million.”

Jenner’s current net worth is estimated to be around $ 700 million. But another member of the Kardashian-Jenners made the list: Jenner’s half-sister, Kim Kardashian West, is now officially a billionaire.

Forbes reported yesterday that Kardashian West is now worth $ 1 billion, following the success of KKW Beauty and its modeling company Skims.

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