How embarrassing for Kylie Jenner - after being named self-made billionaire in 2019, to having the title stripped off from her two years later after reports of faking financial statements. Now, her parent company, Coty Inc., is being sued for allegedly inflating Kylie Cosmetics, according to The Fashion Law.

Kylie Cosmetics mogul Kylie Jenner has been making headlines last week because she was stripped of the billionaire title by the esteemed business and financial magazine, Forbes.

Cosmetics mogul Kylie Jenner has reportedly had a fall out with her mother and manager, Kris Jenner, after the controversial Forbes article on her self-made billionaire status.

Forbes magazine -- which is known for its annual net worth ranking of the wealthiest personalities in the world -- has stripped off Kylie Jenner's billionaire status.