Kim Kardashian Worth Over $900 M After Selling KKW Beauty Stake
Kim Kardashian West has turned into quite the businesswoman. The reality TV star is on track to be the first billionaire of the Kardashian-Jenner clan.
In a new report by Forbes, the 39-year-old media personality is now worth $900 million after selling a 20% stake in her KKW Beauty for $200 million to the multinational beauty company Coty, the same company that purchased a majority stake in Kylie Cosmetics last year. The deal values the brand at $1 billion and emphasized the brand’s social media appeal. Along with KKW Beauty, the mogul also owns her own shapewear brand Skims and a mobile game “Kim Kardashian: Hollywood.”
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This would make Ye’s wife the first real Jenner-Kardashian billionaire following a report by Forbes’ published in May revoking the billionaire title from Kylie, accusing the star of inflating her wealth and estimating her real net worth to be around $900 million.
“Kim is a true modern day global icon. She is a visionary, an entrepreneur, a mother, a philanthropist, and through social media has an unparalleled ability to connect with people around the world,” raved the Coty Chairman and Chief Executive Peter Harf in a statement about the deal. “This influence, combined with Coty’s leadership and deep expertise…