{"id":15694,"date":"2022-10-25T20:23:50","date_gmt":"2022-10-26T03:23:50","guid":{"rendered":"https:\/\/www.despertarmagia.com\/kylie-jenners-wealth-plummets-as-kim-kardashian-continues-to-reign-as-richest-sister\/"},"modified":"2022-10-25T20:23:50","modified_gmt":"2022-10-26T03:23:50","slug":"kylie-jenners-wealth-plummets-as-kim-kardashian-continues-to-reign-as-richest-sister","status":"publish","type":"post","link":"https:\/\/www.despertarmagia.com\/kylie-jenners-wealth-plummets-as-kim-kardashian-continues-to-reign-as-richest-sister\/","title":{"rendered":"Kylie Jenner’s wealth plummets as Kim Kardashian continues to reign as richest sister"},"content":{"rendered":"
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After Forbes updated its list of \u00abAmerica’s Richest Self-Made Women\u00bb<\/strong>, kim kardashian<\/strong> now has a net worth of $1.8 billion while Kylie Jenner no longer holds the title of being the richest sister with a net worth of $600 million.<\/strong><\/p>\n

According to Forbes, most of Kardashian’s wealth comes from her shapewear brand, Skims, which grossed $240 million in January 2022 <\/strong>and also doubled its value to $3.2 billion in less than a year<\/strong>as well as his holdings in KKW Beauty.<\/p>\n

Related news<\/h5>\n

In April 2021, Kardashian was officially declared a billionaire by Forbes, thanks to the two companies after they amassed a combined $780 million in October 2021. <\/p>\n

Now, Kim Kardashian is the richest Kardashian among all her sisters, including Kylie Jenner.
In 2020, Kardashian sold 20% of her stake to beauty conglomerate Coty for $200 million, estimating the value of KKW Beauty at $1 billion. <\/p>\n

However, fans were curious about the drastic change in Jenner’s net worth, with some commenting on a Reddit post about the Forbes list.<\/p>\n

\u00abKylie’s net worth is interesting. How did she go from being a fake billionaire to being around 900 million and now 600 million?\u00bb one fan wrote.<\/p>\n

In 2019, Forbes named Jenner the world’s \u00abyoungest self-made billionaire\u00bb before accusing the reality star of falsifying documents to exaggerate her wealth.<\/p>\n

Jenner had become the richest sister of the Kardashian-Jenner clan thanks to Kylie Cosmetics, which was valued at 1.2 billion dollars.\n<\/p>\n

In 2019, he ended up selling the 51% of his stake in the company to Coty for $600 million.<\/strong>\n<\/p>\n

In 2020, Forbes reported that Jenner, along with her mother and her manager, Kris Jenner, had inflated their wealth in documents they had submitted, accusing \u00abKylie’s group\u00bb of \u00ablying.\u00bb\n<\/p>\n

The Jenners had invited the magazine’s reporters to their homes and their accountants’ offices, and had created tax returns \u00abthat were probably falsified.\u00bb\n<\/p>\n

Reporters compared what Jenner did to former President Donald Trump’s efforts to appear richer than he really was.\n<\/p>\n

The magazine estimated that Jenner’s actual net worth was likely \u00abjust under $900 million.\u00bb
Previously, Jenner’s net worth was estimated to be around $700 million, according to Parade.\n<\/p>\n

\u00abKylie’s business is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and the media, including Forbes, to believe,\u00bb<\/strong> the magazine said.\n<\/p>\n

After Forbes published the article, Jenner tweeted that the story was based on \u00aba series of inaccurate statements and unproven assumptions.\u00bb\n<\/p>\n

\u00abWhat am I waking up to? I thought this was a reputable site\u00bb<\/strong>he wrote, adding that he was \u00abBlessed beyond my years, I have a beautiful daughter and a successful business and I’m doing just fine.\u00bb<\/strong>\n<\/p>\n

\u201cI can name a list of 100 things more important right now than looking at how much money I have\u201d<\/strong>he concluded.\n<\/p>\n

According to the updated Forbes 2022 list, Jenner \u00abhe pocketed about 540 million dollars, before taxes\u00bb<\/strong>after selling his stake in Kylie Cosmetics to Coty, but it is estimated that he still owns 41% of the makeup company.\n<\/p>\n<\/p>\n<\/div>\n