The daily gossip: May 29, 2020

Kylie Jenner's billionaire status is revoked, Taylor Swift issues a rare political statement, and more

Kylie Jenner.
(Image credit: ANGELA WEISS/AFP via Getty Images)

1. Forbes suspects Kylie Jenner isn't actually a billionaire

In an explosive report published Friday, Forbes alleged that Kylie Jenner has been "inflating" the success of her company, Kylie Cosmetics, for years. The magazine announced last year that Jenner was the youngest self-made billionaire ever, but now it says her business is "significantly smaller, and less profitable, than the family has spent years" leading the industry to believe. The report describes how Jenner's publicists showed Forbes tax returns demonstrating the unbelievable growth of her company, but says there is "virtually no way" they were accurate. Forbes estimates Jenner is actually worth "just under $900 million" — which still isn't too shabby! Jenner, meanwhile, tweeted "I can name a list of 100 things more important right now than fixating on how much money I have."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.