Kylie Jenner ‘blew $130 million’ on mansions and private jets before Forbes claimed she ‘lied’ about billionaire status
KYLIE Jenner reportedly spent $130 million on mansions and private jets before Forbes claimed she "lied" about her billionaire status.
Forbes claimed in a scathing report that she's not actually a billionaire, and "likely faked tax returns" over the years.
Page Six reported on Monday that Kylie, 22, has been spending her millions of dollars on mansions, property and private jets.
A source claimed: "she spent an estimated $50 million to $70 million on a Global Express Jet that she had fitted out in the theme of daughter Stormi’s birthday this past February."
The source insisted: "Kylie’s sisters are concerned about her spending.
"Yes, she’s got a lot of money - but she doesn’t seem to realize how easy it is to blow through all of it.
"She’s likely spent over $130 million in the past year."
Back in April, the makeup mogul spent $36.5 million on a new estate in Holmby Hills, California.
She also spent $15 million on a vacant plot of land next to her current home, and reportedly hired Tom Brady’s architect Richard Landry to build a new house.
She splurged on another piece of land for $3.25 million at the Madison Club in Palm Springs, right next to her mom Kris Jenner’s vacation home.
Kylie is considered to be the most extravagant of her sisters, as she tends to go all out on gifts for friends and family.
She recently gifted her sisters with $5,495 crystal cheetah pouches by Judith Leiber for Mother's Day.
Last Friday, Forbes claimed that Kylie had lied about being a billionaire.
The esteemed business magazine claimed the supposed self-made billionaire "inflated the size and success of her business for years."
"Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire," reporters Chase Peterson-Withorn and Madeline Berg claimed.
"A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status."
Forbes labeled the KUWTK star the youngest self-made billionaire in 2019.
However, Forbes claimed they decided to do a deep-dive in the fine print of the deal- and discovered not everything was as it seemed.
The writers claimed: "Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe."
Forbes then claimed the Kardashians went to "unusual" lengths to prove just how wealthy Kylie was, which included "inviting Forbes into their mansions and CPA’s offices, and even creating tax returns that were likely forged."
However, Forbes admitted they could not prove the documents were forged.
Right after Forbes' article came to light, the Kylie Cosmetics founder took to Twitter to defend herself against the claims, and slammed Forbes.
However, a source told The Sun that Kylie and Kris were definitely "worried" that the accusations could affect their reputation and business.
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Another source then told The Sun that the 22-year-old is refusing to take her momager's calls as they deal with the aftermath of the report.
An insider said: "Kris is in panic mode.
"Kylie won’t answer the phone for Kris and is at a loss over who to trust."