Kanye West celebrates his wife Kim Kardashian on becoming a ‘billionaire’ after selling 20% stake of her beauty line for $200m
Kanye West has celebrated his wife Kim Kardashian on becoming a ‘billionaire’ after she sold 20 percent stake of her beauty line to American multinational beauty company, COTY.
The reality star and mother of four became a ‘billionaire’ after the beauty giant COTY purchased a 20 percent stake of her KKW Beauty company for $200 million.
The deal announced on Monday values KKW Beauty at $1 billion, making Kardashian West worth about $900 million, according to Forbes’ estimates.
Her husband, Kanye, who is already a “billionaire” took to his Twitter page to celebrate his wife on her new achievement.
The rapper wrote: ‘I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire You’ve weathered the craziest storms and now God is shining on you and our family So blessed this is still life So I made you this still life We love you so much.’
Last year, Coty also bought a 51 percent stake in Kylie Jenner’s company for $600million.
In March 2019, Forbes announced Kylie Jenner as the youngest-ever self-made billionaire at 21, unseating Facebook’s Mark Zuckerberg who made his first billion at 23 in 2008.
The reality star was also hailed as a ‘self-made billionaire’ by Forbes in 2020, but last month they stripped her of the title, accusing her ‘lying about company figures and forging tax returns’ and suggesting that she is worth around $950million in its report titled “Inside Kylie Jenner’s Web of Lies — and Why She’s No Longer a Billionaire”