Kylie Jenner, Forbes spar over billionaire status

Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.

Forbes said in a story posted Friday that an examination of financial filings after the reality star and beauty mogul sold a majority share in her cosmetics company revealed that Jenner’s worth was inflated. Jenner sold 51 percent of her Kylie Cosmetics company to Coty in a deal valued at $1.2 billion early this year. “Forbes now thinks that Kylie Jenner, even after pocketing an estimated $340 million after taxes from the sale, is not a billionaire,” the magazine said. Jenner responded in a series of tweets, saying “what am i even waking up to. i thought this was a reputable site. all i see are a number of inaccurate statements.”