Forbes has changed its mind about considering Kylie Jenner a billionaire. She lied about the size of her business, magazine claims

Forbes magazine has reassessed the fortune of American model Kylie Jenner, reducing its size from a billion dollars to 900 million.

Of these, the model, according to Forbes, received $ 340 million from a deal with Coty, which in November 2019 announced the purchase of Jenner's cosmetics brand.

The rest is the cost of Jenner's stake in Kylie Cosmetics, which, according to Forbes, is not 49%, as claimed, but 44.1%. In addition, the share lost in value due to the impact of the coronavirus epidemic on the economy, the magazine adds.

Forbes also claims that the Jenner family has lied about the size of the business and its success "every year since 2016."

According to the publication, the Jenner family's accountant provided the magazine with tax returns (for Forbes to assess Kylie Jenner's net worth for their ratings) that were "quite likely" to be false.

• In the Forbes 2020 Global Billionaires Ranking, Jenner is ranked 1990. In the ranking, which tracks the fortune of billionaires in real time, the model at the time of publication of the note was in 2200 place, but already with less than a billion dollars, a fortune.
• In March 2019, Forbes named Jenner the youngest billionaire in history.
• Kylie Jenner became famous as a participant in the reality show Keeping Up with the Kardashians. She founded Kylie Cosmetics in 2015.