Kylie Jenner skincare line ‘Kylie Skin’ has just launched in Australia.
The 23-year-old beauty mogul and reality star thrilled fans as she made the announcement on Wednesday.
Kylie – who is the youngest of the famous Kardashian clan – shared the news on Instagram and Twitter, along with a link to her Australian website.
Coming Down Under: Kylie Jenner announced on Wednesday that her skincare line has launched in Australia
‘Cant wait for my Kylie Skin sites to launch today in UK, Germany, France and Australia,’ Kylie wrote on her Instagram story.
Financials: In May, it was reported that Kylie isn’t in fact a billionaire and fabricated financial documents to support the false claim that she was. In a detailed report based on public
financial disclosures, Forbes accused the family of creating a ‘web of lies’ and says Kylie has inflated the size of her business and success
Kylie Jenner stuns in a bathrobe as she promotes Kylie Skin
The publication accused her of ‘lying about company figures and forging tax returns’ to be dubbed a billionaire.
Based on filings from beauty giant Coty, which acquired a 51 percent stake of Kylie’s makeup company in January at a valuation of $1.2 billion, Kylie Cosmetics generated revenues and profits that were far lower that the figures touted for years by the Jenner-Kardashian clan.
Forbes now pegs Kylie’s net worth at $900 million. In a statement on Twitter, she fired back, writing: ‘What am I even waking up to. I thought this was a reputable site.. all I see are a number of inaccurate statements and unproven assumptions lol.’
She continued: ‘I’ve never asked for any title or tried to lie my way there EVER. period.’
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What do YOU believe? The publication accused her of ‘lying about company figures and forging tax returns’ to be dubbed a billionaire
Kylie bashed the most explosive claim in the report, that she and her publicists had shown journalists tax returns that were likely forged in order to support inflated claims of her net worth.
She tweeted: ‘That’s your proof? so you just THOUGHT they were forged? like actually what am I reading.’
Forbes explained that it had been shown 2016 tax returns indicating revenue far higher than the numbers revealed by Coty’s filing, and that there were only two explanations: Kylie Cosmetics’ sales had utterly collapsed in the two years before the acquisition, or the tax returns were fabricated.
Firing back: Forbes now pegs Kylie’s net worth at $900 million. In a statement on Twitter, she fired back, writing: ‘What am I even waking up to.
I thought this was a reputable site.. all I see are a number of inaccurate statements and unproven assumptions lol’
Forbes itself put Kylie on the cover in March 2019, hailing her as the youngest ever self-made billionaire.
The move appeared to anger her brother-in-law Kanye West, whom Forbes did not declare a billionaire until April of this year.
The magazine reported that West ‘reacted with hurt and venom’ after he was not included in its billionaires list earlier this year.
‘You know what you’re doing,’ he texted a Forbes reporter. ‘You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.’
After he was finally added to the list, West disputed Forbes’ evaluation of his net worth at $1.26 billion.
‘It’s not a billion,’ West texted the magazine. ‘It’s $3.3 billion since no one at Forbes knows how to count.’
Forbes relies on a team of researchers as well as public and private financial documents to arrive at its estimates of net worth for the world’s richest people, rather than taking their claims at face value.
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