The Keeping Up with the Kardashians star, 22, was last month accused of not actually being a billionaire and “likely faked tax returns”.
Kylie went on to slam the reports on social media, writing it included “inaccurate statements and unproven assumptions”.
The Forbes piece concluded: “A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status.”
Now a new report from Page Six suggests that Kylie may be spending what fortune she does have at a fast rate.
Page Six reported on Monday that Kylie, 22, has been spending her millions of dollars on mansions, property and private jets.
A source claimed “she spent an estimated $50 million to $70 million on a Global Express Jet that she had fitted out in the theme of daughter Stormi’s birthday this past February.”
The same source also suggested that Kylie’s spending habits are a cause of concern among her older sisters.
“Kylie’s sisters are concerned about her spending,” they added.
“Yes, she’s got a lot of money – but she doesn’t seem to realize how easy it is to blow through all of it.
“She’s likely spent over $130 million in the past year.”
It has previously been reported that Kylie had spent $36.5 million on an estate in Holmby Hills, California, along with $15 million on an empty plot of land near her current home.
It was also noted that she has spent $3.25 million on a home in Palm Springs near her mother’s, Kris Jenner.
However, since the Forbes scandal broke, reports have suggested there is now a schism between Kylie and Kris.
A source told The Sun on Sunday: “Kris – who reportedly gets ten percent of Kylie’s deals – is in panic mode.
“Kylie won’t answer the phone to Kris and is at a loss over who to trust.”
In the last few days, Kylie has shared her support of the movement looking to get justice for George Floyd via social media.