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Why has Kylie Jenner’s big diamond ring made fans angry? Reality star slammed as ‘fake a*s billionaire’

The star’s latest display of wealth came on the heels of America staggering under a pandemic that has taken 273,000 deaths since its onset this year

Reality television star and makeup mogul Kylie Jenner took her social media by storm when she flaunted a massive diamond ring and two necklaces via Instastory on Wednesday, December 2, on the occasion of her cosmetics brand’s fifth year anniversary. The ‘Keeping Up With The Kardashians' star, who has been reported as a faux billionaire and boasts of 201 million Instagram followers, shared a heavily-filtered close-up of her donning the square-cut sparkling ring on her story.

The 23-year-old star’s latest ostentatious display of wealth came on the heels of America staggering under a pandemic that has taken 273,000 deaths since its onset in 2020. This is the time when as per reports 21 million Americans are unemployed and the Pandemic Emergency Unemployment Compensation benefits are about to get expired mounting hardships for many. However, the doleful times of the pandemic do not bother Kylie or her family. Earlier, her sisters Kendall and Kim Kardashian West were slammed for hosting tone-deaf, crowded and mask-free birthday parties in Tahiti and West Hollywood.

Kylie celebrated the official fifth anniversary of her company, Kylie Cosmetics, which originated under the name Kylie Lip Kit. The social media star posted an update on the anniversary on December 1 and captioned, “5 YEARS OF KYLIE COSMETICS! wow. Thank you from the bottom of my heart to everyone and anyone who has supported me throughout the years. This has truly been a dream come true and I'm beyond blessed to do what I love every day. It’s only gonna get better from here!”

While Kylie, who has a net worth of $700 million, is widely known for her multimillion-dollar cosmetics business. She hit the headlines in May this year as Forbes accused her of spinning a "web of lies" to inflate her net-worth. Forbes that named Kylie as the youngest-ever self-made billionaire in 2019 backtracked from its stand in 2020 and said she was "lying about company figures and forging tax returns" to reach her billionaire status.

We earlier reported that Kylie sold 51 percent of her company, Kylie Cosmetics, to beauty giant Coty in a deal valued at $1.2 billion in January 2020. After that, Forbes said, the estimated $340 million Kylie pocketed after taxes would still not be enough to push her fortune beyond the 10-figure mark. "Kylie’s business is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe," they wrote.

Now as Kylie has posted about her ring in her story and it got noticed by fans, many on the Internet call her display of her lavish lifestyle as a mark of indifference to the grave pandemic situation. A video of critics and fans posted by TMZ shows many slamming her for the same. On Twitter, a user used foul language for Jenner to slam her and wrote, “Why She So Dark. Fake **s Billionaire.” A user blasted all members of Kylie Jenner’s family, “THAT FAMILY HAS OBVIOUSLY LEARNED NOTHING. EACH ONE IS SO IN LOVE WITH THEIR FAKE IMAGES, OSTENTATIOUS LIFESTYLES & CONSTANT MERCH SELLING.”