Well, the Kardashian-Jenner scandal has broken out in the business world: Forbes (opens in new tab) today published a lengthy feature on all the ways Kylie Jenner exaggerates her income to the media and beauty world. Forbes, which named Jenner the world's youngest billionaire for multiple years, including this year (opens in new tab), reports that Jenner is no longer a billionaire, especially after the coronavirus pandemic adversely affected beauty consumption spending and stocks.

Forbes, after reviewing filings from Coty, the publicly traded beauty company to which Jenner sold 51 percent of Kylie Cosmetics, reported that Jenner's beauty company Kylie Cosmetics is "significantly It is smaller and less profitable," the report said.

The magazine further detailed that the Kardashian-Jenner family went to great lengths to convince people of their wealth. The family "invited people into their mansion, into the office of their CPA, and even prepared tax returns that appeared to be forged," the report said.

The outlet details why the Kardashian-Jenner family's figures for Kylie Cosmetics are questionable, especially after comparing them to those after the Coty acquisition. The breakdown can be found here (opens in new tab).

Forbes reports that with this new information on COVID-19 climate, Jenner's net worth is now "just under $900 million" according to their calculations.

"More than a third of that is the estimated $340 million in after-tax cash she would have received by selling off the bulk of her company," the outlet explained of its calculations (opens in new tab)." The rest consists of adjusted earnings based on the smaller size of her business and a more conservative estimate of its profitability, plus the value of her remaining stake in Kylie Cosmetics-which is smaller than Jenners would have us believe, given not only the economic impact of the coronavirus is also worth less today than it was when the deal was announced in November."

Kardashian Jenners has yet to issue a public response to this article, but it is probably only a matter of time.

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