Kylie 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.
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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.
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.
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.
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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.
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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
