Forbes retracted Kylie's billionaire status after recalculation.
On June 29, 2020, Forbes published a retraction regarding Kylie Jenner's billionaire status, originally conferred in 2019. The article detailed findings on inflated valuations and discrepancies from disclosed financial documents. This retraction amplified criticisms in the media about transparency and accountability in financial reporting. Despite the retraction, Kylie's influence in the fashion and beauty industries remained profound due to her business innovation and celebrity impact.