Forbes drops Kylie Jenner from billionaires list

Frazer Harrison / GETTY IMAGES NORTH AMERICA / Getty Images via AFP

Kylie Jenner has been stripped off her billionaire status after Forbes accused the star's family of "inflating the value of her cosmetics business".

It was last year that Forbes had declared Jenner as the youngest self-made billionaire owing to the popularity of her Kylie Cosmetics brand.

Following an investigation, the magazine said a deal between Jenner and beauty giant Coty in January was "significantly smaller and less profitable" than they were led to believe.

Her net worth is now estimated at just under $900 million.

Meanwhile, Jenner dismissed the article as "inaccurate statements and unproven assumptions" in a series of tweets.

More from Entertainment

Coming Up on Dubai Eye

  • Dubai Eye on One

    7:00am - 12:00pm

    Keeping you updated, this is The Business Breakfast, setting your agenda for the day. You're listening to Dubai Eye, live on Dubai One

  • The Sounds of Summer with Mark Lloyd

    12:00pm - 2:00pm

    Mark Lloyd wants to help you navigate places to explore across the UAE. There will also be LIVE interviews and features, continuing the conversation on the day’s biggest news stories. Plus we’ll be playing the biggest summer tracks.

On Dubai Eye

  • Dubai Eye 103.8: On The Frontline

    Dubai Eye 103.8's Georgia Tolley speaks to the Emirate's top doctors and health officials to find out why the UAE is winning the fight against COVID-19.

  • Mark's Summer Bucket List

    Mark Lloyd has been giving you ideas to keep you busy this summer, from staycations to online improv workshops!

Business Breakfast