Forbes denies that Kim Kardashian is actually a billionaire

It seems like Forbes is now officially in the business of keeping celebrities honest about their income—especially reality stars. First the publication retracted its claims that Kylie Jenner was the world’s youngest self-made billionaire, and now it’s taking her half-sister to task by refuting recent claims that Kim Kardashian West has reached official billionaire status.Earlier this week Kanye West revealed the news about his wife after she completed a 20 per cent stake sale of her cosmetics company, KKW Beauty, to Coty for $200 million. “I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” he bragged on June 29. “You’ve weathered the craziest storms and now God is shining on you and our family.”

I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire

You’ve weathered the craziest storms and now God is shining on you and our familySo blessed this is still lifeSo I made you this still lifeWe love you so much pic.twitter.com/Vvtgzodnah— ye (@kanyewest) June 30, 2020

Apparently that statement isn’t entirely factual though, and Kanye was making it rain a little too soon. Forbes claims that because Kardashian only owns the remaining 72 per cent of her company, she’s actually (only?!) worth $900 million. Preventing her from reaching full billionaire status? Her mom, Kris Jenner, and the eight per cent stake in KKW Beauty that she continues to own.[video_embed id='1987761']RELATED: Khloe and Tristan has temporarily reconciled [/video_embed]It’s obviously not the first time the publication has “stripped” one of the Keeping Up With the Kardashian stars of their billionaire title. Earlier this year Forbes accused Kylie Jenner of inflating her business figures after it had celebrated her as the world’s youngest self-made billionaire in 2019 and 2020. In the follow-up article, Forbes estimated her net worth to be less than $900 million.At the time Kylie took to Twitter to slam the article, writing “All I see are a number of inaccurate statements and unproven assumptions lol. I’ve never asked for any title or tried to lie my way there EVER. period.”

what am i even waking up to. i thought this was a reputable site.. all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period

— Kylie Jenner (@KylieJenner) May 29, 2020

i can name a list of 100 things more important right now than fixating on how much money i have

— Kylie Jenner (@KylieJenner) May 29, 2020

Like Kim, Kylie sold a portion of her own cosmetics line to Coty, raking in $600 million for a 51 per cent stake in 2019. That deal may have earned Jenner a little more cash than her sister, but she also gave up majority control of her company in the process, something Kardashian didn’t do.Billionaires or not, the sisters seem to have potentially signed up for more headaches in the wake of their respective Coty deals. Seed Beauty, the company that has helped to power both Kylie Cosmetics and KKW Beauty, claims the sales were merely a way for Coty to gain insider knowledge and to steal company secrets from them. And now they’re pursuing legal action."Out of deep respect for Kylie Jenner, Kim Kardashian, and the highly successful businesses Seed created with them, Seed attempted to resolve this dispute privately and repeatedly asked for assurances related to leakage of Seed proprietary information from King Kylie to Coty," Seed wrote in a filed complaint, according to Business Insider. "Coty and King Kylie consistently refused to provide any assurances," the company added, claiming that the investment "really was a subterfuge to learn Seed's confidential business methodologies."So far Jenner hasn’t responded to Seed’s claims, and Kardashian has remained mum about everything from her actual financial status to this potential lawsuit. In other words, stay tuned.And you thought an episode of Billions was dramatic.[video_embed id='1987595']BEFORE YOU GO: Expert interrupted on live TV by adorable daughter redesigning room [/video_embed]