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Kylie Jenner Tops Forbes’ 2020 List Of World’s Highest Paid Celebrities Despite Being Stripped Of Billionaire Status

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Kylie Jenner Tops Forbes’ 2020 List Of World’s Highest Paid Celebrities Despite Being Stripped Of Billionaire StatusKylie Jenner has topped the Forbes’ list of World’s Highest Paid Celebrities for the year 2020.

According to Forbes, the 23-year-old earned $590 million (£434 million) following the massive earnings from the sale of her Kylie Cosmetics line to Coty beauty company.

The fashion entrepreneur sold 51% stake of her beauty empire to Coty for $600 million (£441 million) earlier this year, pocketing $540 million (£397 million) personally from the deal.

Read Also: ‘Keeping Up With The Kardashians’ Reality Show To End In 2021 After 14-Year Run

It’s likely Kylie’s other earnings were generated from Kylie Cosmetics sales, endorsement deals and appearances on her family’s reality series, Keeping Up With the Kardashians.

‘Keeping Up With The Kardashians’ Reality Show To End In 2021 After 14-Year Run

Kylie’s last achievement just months after being stripped of her billionaire status. Forbes revoked her status in May, claiming the celebrity exaggerated her company’s worth.

Read Also: ‘Self Made’ Kylie Jenner Is No Longer A Billionaire, Forbes Says She Inflated Tax Documents, Lied About Company Figures

In an article with the headline ‘Kylie’s web of lies’, the publication accused Kylie of ‘creating tax returns that were likely forged’.

Kylie, who was named the youngest self-made billionaire in 2019, responded to the report, saying;

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. I’ve never asked for any title or tried to lie my way there ever. Period.

Read Also: Kylie Jenner Fires Back At Forbes For Alleging She Inflated Her Wealth Figures

She added;

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?

I am blessed beyond my years, I have a beautiful daughter, and a successful business and I’m doing perfectly fine. I can name a list of 100 things more important right now than fixating on how much money I have.

On Forbes’ list of richest celebrities, Kylie’s brother-in-law, Kanye West, made the second position after earning $170 million due to his Yeezy clothing and sneakers deal with Adidas.

Read Also: Kanye West Officially Becomes A Billionaire Four Years After Being In Over $50 Million Debt

Tennis legend, Roger Federer took the third spot overall with $106.3 million in earnings, largely from endorsement deals.

Cristiano Ronaldo took fourth place with $105 million, Lionel Messi came in at fifth position with $104 million, Filmmaker, Tyler Perry took the sixth place on the list with $97 million, while Neymar took the seventh place with $95.5 million.

See the full list below;

1. Kylie Jenner — $590 million

2. Kanye West — $170 million

3. Roger Federer — $106.3 million

4. Cristiano Ronaldo — $105 million

5. Lionel Messi — $104 million

6. Tyler Perry — $97 million

7. Neymar — $95.5 million

8. Howard Stern — $90 million

9. LeBron James — $88.2 million

10. Dwayne “The Rock” Johnson — $87.5 million

11. Rush Limbaugh — $85 million

12. Ellen DeGeneres — $84 million

13. Bill Simmons — $82.5 million

14. Elton John — $81 million

15. James Patterson — $80 million

16. Stephen Curry — $74.5 million

17. Ariana Grande — $72 million

18. Ryan Reynolds — $71.5 million

19. Gordon Ramsay — $70 million

20. The Jonas Brothers — $68.5 million

21. The Chainsmokers — $68 million

22. Dr. Phil McGraw — $65.5 million

23. Ed Sheeran — $64 million

24. Kevin Durant — $63.9 million

25. Taylor Swift — $63.5 million

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