Forbes is not about to let the Kardashian-Jenner family have their payday.
After exposing Kylie Jenner's “web of lies” and stripping her of her “self-made” status, the magazine is now saying Kim Kardashian is no billionaire either.
Much like her youngest sister, Forbes says Kim is actually probably only worth a measly $900 million after announcing the sale of a 20% stake in her KKW Beauty cosmetics company to Coty for $200 million on Monday. Forbes estimates that the deal, set to close in the third fiscal quarter of 2021, will leave Kardashian the majority owner with a 72% stake, but that her mother Kris Jenner owns 8% of the business keeping her from attaining true billionaire status. Sounds like Kanye West is going to have to put all those celebratory plant still lifes in storage until Kim makes that next $100 million.
This announcement is just the latest attempt by the magazine to kill the Kardashian-Jenner's financial vibe. At the end of May, Forbes revealed it had been duped by Kylie Jenner, accusing her of showing them “tax returns that were likely forged” in order to convince the publication she had become the world's youngest self-made billionaire.
In response, Jenner tweeted, “I can name a list of 100 things more important right now than fixating on how much money I have.” Like making even more obscene amounts of money.
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