The new report by Forbes accused the family of creating a web of lies about the size of Kylie’s business and success.
On Friday, Forbes declared that Kylie, 22, is not a billionaire after recalculating.
After fillings by Coty, Forbes wrote, “….
Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.
Coty has not been available to answer any questions related to this story according to Forbes.
