Model and businesswoman Kylie Jenner was removed from Forbes’ list of billionaires this year. Her assets have been recalculated, estimated at about 700 million USD.

Kylie Jenner along with 60 others were absent from Forbes’ 2020 billionaires list, of which 23 billionaires have passed away.

Two years ago, Kylie Jenner was honored as one of the “youngest self-made billionaires in the world”. Jenner became wealthy from her cosmetics company Kylie Cosmetics, which is worth about $1.2 billion. In 2019, she sold 51% of the company to Coty for $600 million. Kylie Jenner is also famous after appearing in the reality TV show “Keeping Up with the Kardashians” since 2007.

Forbes said that in 2020 Kylie Jenner and her mother – Kris Jenner inflated their assets. Jenner’s side even invited Forbes reporters to her home and company office to present tax returns. However, Forbes believes that Jenner is trying to show that she is richer than she actually is.

Forbes page wrote, “Coty’s profile and a difficult year for the cosmetics industry because of blockade regulations pushed Jenner off the list. The estimated net worth of this 23-year-old model is about 700 million USD, so it is possible that she will return to the list of billionaires in the next few years.

While Kylie Jenner lost her billionaire title, her sister Kim Kardashian made it to Forbes’ 2020 list. Kim’s assets are worth more than $1 billion thanks to the success of KKW Beauty, Skims and income from TV shows, advertising contracts and other investments.