"The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice

"The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice Forbes' estimates of Kylie's earnings and net worth," the article stated. "While we can't prove that those documents were fake (though it's likely), it's clear that Kylie's camp has been lying." 

And while beauty giant Coty has publicly given the value of Kylie's business to be about $1.2 billion, Forbes stated that they have "recalculated Kylie's net worth and concluded that she is not a billionaire. A more realistic accounting of her personal fortune puts it at just under $900 million." 

Kylie's attorney, however, released a statement defending his client.

"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," Michael Kump said in a statement to E! News. "It is sad that, of all things, Forbes has devoted 3 reporters to investigate the effect of the coronavirus crisis on Kylie's net worth. We would not expect that from a supermarket tabloid, much less from Forbes."