Kylie Jenner in war of words with Forbes magazine over billionaire status

Kylie Jenner and Forbes magazine are engaged in a row over the billionaire status she was awarded last year.

Jenner was proclaimed the youngest self-made billionaire by the business magazine off the back of her cosmetics empire, but Forbes say she and her family have spun a “web of lies” to inflate the size and success of her business to make her out to be richer than she is.

But the claims have been met with anger by the 22-year-old, who has taken to social media to defend herself.

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She tweeted: “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. I’ve never asked for any title or tried to lie my way there EVER. period.

“‘Even creating tax returns that were likely forged’ that’s your proof? So you just THOUGHT they were forged? Like actually what am I reading.”

She later tweeted: “I am blessed beyond my years, I have a beautiful daughter, and a successful business and i’m doing perfectly fine.

“I can name a list of 100 things more important right now than fixating on how much money I have.”

Jenner sold a 51% stake of her cosmetics company to beauty firm Coty for £486m ($600m) in a deal which saw her business valued at around £970m.

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According to Forbes however, information shared by Coty showed Jenner’s firm is “significantly smaller and less profitable than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe”.

Forbes spokesman Matthew Hutchison said the magazine’s “extensively-reported investigation was triggered by newly-filed documents that revealed glaring discrepancies between information privately supplied to journalists and information publicly supplied to shareholders”.

He added: “Our reporters spotted the inaccuracies and spent months uncovering the facts. We encourage her attorney to re-read the article.”