Bad News For Kylie Jenner As Forbes Removes Her Name From Billionaires List.
Kylie Kristen Jenner is an American media personality and businesswoman. She has starred in the E! reality television series Keeping Up with the Kardashians since 2007 and is the founder and owner of cosmetic company Kylie Cosmetics.
Reports indicates that Kylie Jenner has been removed from the exclusive list of billionaires by Forbes. It all happened when Forbes downgraded Kylie for reportedly selling 51 percent of Kylie Cosmetics.
According to Forbes, Kylie selling 51 percent of Kylie Cosmetics is one of the greatest celebrity cashouts of all times. Reports also has it that Kylie only pocketed $340 million contrary to reports that she took home $1.2 billion. Forbes further disclosed that Kylie’s business is worth less than it claimed and even less profitable.