Earning a reported $590 million, Forbes declares Kylie Jenner to be the highest-paid celebrity of 2020.
This week, the publication released its annual list highlighting the top earners in the entertainment industry.
The “Life of Kylie” star came in No. 1 after she sold 51 percent of her beauty company, Kylie Cosmetics, to publicly traded Coty Inc. in January 2019 for $600 million. The outlet reports that the 23-year-old took home $540 million in pretax dollars.
Coming in at No. 2 is Jenner’s brother-in-law Kanye West (~$170 million), who Forbes says collected most of his earnings from his Yeezy sneakers deal with Adidas.
Rounding out the Top 10 are No. 3 Roger Federer (~$106.3 million); No. 4 Cristiano Ronaldo (~$105 million); No. 5 Lionel Messi (~$104 million); No. 6 Tyler Perry (~$97 million); No. 7 Neymar (~$95.5 million); No. 8 Howard Stern (~$90 million); No. 9 LeBron James (~$88.2 million); and No. 10 Dwayne “The Rock” Johnson (~$87.5 million).
Back in May, Forbes stripped Jenner of her title as the “youngest self-made billionaire in the world” after they alleged she “likely forged” tax returns and has been “lying” about her earnings.
“While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying,” they wrote.
After the scathing article was published, Jenner clapped back on Twitter, calling the report “a number of inaccurate statements and unproven assumptions.”
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
“even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT they were forged? like actually what am i reading.— Kylie Jenner (@KylieJenner) May 29, 2020
Jenner’s lawyer Michael Kump also said in a statement obtained by TMZ that Forbes’ “article is filled with outright lies.”
“We have reviewed Forbes’ article accusing Kylie of engaging in deceit and a ‘web of lies’ to inflate her net worth. The article is filled with outright lies. Forbes’ accusation that Kylie and her accountants ‘forged tax returns’ is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements,” Kump said.
Billionaire or not, Kylie is clearly making bank!