Forbes Has Claimed That Kim Kardashian is Still Not A Billionaire Contrary To Reports That Are Floating

      

Posted By - Marcia Kelsey

 

 

 

It is stated today by hot New Hip Hop that Kim Kardashian who is a very popular reality star is still not a billionaire yet. According to reports by the news and media outlet that after selling a part of her company Kim came upon more and more wealth recently. But it is stated by Forbes that according to them she is still not a billionaire.

As the week begins, right at the start of it Kayne Waste took to his account on Twitter and congratulated the star from popular reality shows as she has reached the status of a billionaire officially after Kim also did the same thing for him with regards to his new deal with Gap. It has been written by the rapper that he is very much proud of his wife who has reached a very big milestone as they are all set to celebrate the momentous occasion. Kim Kardashian Is Not A Billionaire Yet Forbes Claims.

It has also been said by Forbes magazine that while the KKW Beauty company is a billion-dollar one at this moment her net worth is near about $900,000,000. It has been reported previously that the financial progress of Kim has intensified sharply after the sale of her stake of 20% that is there in the KKW Beauty Line. It is sold by Kim to Coty, Inc.

Coty, Inc, happens to be the same company and it has been reported that they have a 51% share of the company of Kylie Jenner called the Kylie Cosmetics almost at the beginning of this year. Fans of the American reality television series Keeping Up With The Kardashian star is in the know that of late the family does not share a great friendship with Forbes.

At the beginning of this year, in May, a report has been released by Forbes in which they went on to state that her numbers have been inflated by Kylie to reach the milestone of a billionaire. The allegations that were made have been responded by kylie as she claimed that quite a several inaccurate statements have been made by Forbes that are based on unproven assumptions.

Forbes also went on to accuse Kylie that she faked her documents to make it seem as if the company that she owns was worth more fortunes than it has. With the immediate turn of events that proved to be very controversial on social media because of the designation given by Forbes to Kylie as one of the youngest and self-made billionaires in the years that are before this one.

The decision that came out has also been very controversial as it has been argued by many people online that Kylie has not been a self-made person. Users on social media had a hey-day as they have been arguing with the label that her position was merely used by Kylie in a family that is already wealthy to capitalize on a pre-existing brand.

It has been argued by her defenders that speaking on the other hand irrespective of the family where she was born into she still managed well enough to leverage her actual position to build makeup companies that are one of the most successful companies around.