It looks like there’s trouble brewing in paradise for the Kardashian-Jenner clan. After being crowned as the youngest self-made billionaire in the world, 22-year-old Kylie Jenner has been stripped of the title by the same publication that gave it to her.
Worse, she’s being accused of knowingly deceiving Forbes with falsified documents to make her wealth and earnings seem larger than they actually are.
One casualty of the scandalous article’s exposure of her alleged lies is her relationship with mother and manager Kris Jenner.
Momager in Trouble
According to sources, the makeup mogul is refusing to speak to her momager and even won’t answer her calls as she deals with the humiliation brought on by Forbes’ exposé.
Jenner is reportedly furious at Kris, who is now in panic mode herself. The Kardashian-Jenner matriarch is also fearing that her daughter might end up firing her because of the ordeal.
As Jenner’s manager, the 64-year-old gets 10% of all her daughter’s deals. Now, those deals are now at stake as her brand image has been damaged.
Worse, Jenner and her mom might be facing trouble with the government due to Forbes’ accusations.
Forbes published an article chronicling how the mother and daughter devised a ploy to nab a cover from the magazine. The business publication also purported that the duo duped the media and the cosmetics industry as a whole by making them believe that Kylie Cosmetics was more profitable than it actually is.
Forbes also pointed out the discrepancies in the numbers presented by Jenner’s camp and called them out for failing to respond when pressed for answers.
These allegations come months after the Kylie Cosmetics founder entered a deal with Coty Inc. The acquisition involved Jenner selling the majority stake of her company for $600 million.
Kylie Claps Back
Since the scandal broke out, the maligned businesswoman has taken to Twitter to address the accusations lodged against her.
She wrote that Forbes itself presented inaccurate statements and unfounded assumptions in their report. Jenner also emphasized how she never asked to be given the billionaire title in the first place or lied to get it.
Standing its ground, Forbes told Jenner to re-read their report.
Meanwhile, Coty is reportedly facing the possibility of being investigated for securities violations as a result of the article.