In March 2019, Forbes crowned Kylie Jenner, just 21 years old at the time, the "planet's youngest self-made billionaire" thanks to the immense success of her Kylie Cosmetics makeup empire.

In May 2020, however, Forbes shockingly reversed its position, suggesting that Jenner may have manipulated tax returns to exaggerate her wealth and her company's value. Kylie refuted the allegations, with her legal team describing the Forbes article as filled with "outright lies".

The revelation came just six months after Jenner sold a 51% stake in Kylie Comestics to beauty giant Coty for a remarkable $600 million (£492m). Currently, Forbes estimates Jenner's net worth to be $680 million (£558m).