Kylie Jenner’s lawyer has demanded that Forbes Magazine take down their story accusing the makeup mogul of lying about her billionaire status.
Earlier on, Forbes published a shocking report stripping the makeup mogul of her youngest self-made billionaire title, claiming she used fake draft tax returns to boost her net worth.
They revealed that the reality star is now worth just less than $900m after factoring in Kylie Cosmetics revenue in public filings and the economic effect COVID-19 has had on the beauty industry.
According to Page Six, her lawyer, Michael Kump, reacting to the accusation said in a statement on Friday: “We have reviewed Forbes’ article accusing Kylie of engaging in deceit and a ‘web of lies’ to inflate her net worth. The article is filled with outright lies.
“Forbes’ accusation that Kylie and her accountants ‘forged tax returns’ is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements.”
“It is sad that, of all things, Forbes has devoted three reporters to investigate the effect of the coronavirus crisis on Kylie’s net worth,” Kump said. “We would not expect that from a supermarket tabloid, much less from Forbes.”
Forbes spokesman Matthew Hutchison reacting to the backlash that their report has gotten said: “Today’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.
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“Our reporters spotted the inaccuracies and spent months uncovering the facts.”