TOPLINE
Kanye West posted a photo of vegetables on Twitter Monday to congratulate his wife Kim Kardashian West on “officially becoming a billionaire” after news broke of the deal between her cosmetics company KKW Beauty and retail giant Coty , even if Forbes He estimates that Kardashian West remains shy of the multimillion-dollar state, worth $ 900 million.
Kim Kardashian West and Kanye West at the Vanity Fair Oscar Party 2020.
KEY FACTS
Coty announced Monday that it acquired a 20% stake in KKW Beauty for $ 200 million, valuing the company at $ 1 billion.
Forbes Estimates that the deal, which will close in early 2021, leaves Kardashian West as the majority owner of KKW Beauty with a 72% stake in the company and that Kardashian West’s mother and manager Kris Jenner owns 8%. .
It’s worth $ 900 million after the deal closes, Forbes Dear.
“So blessed this is still life,” West tweeted, saying the plant arrangement he made was still life.
Kardashian West has not yet tweeted about the deal, but on Monday she tweeted that she was “very blessed and always grateful.”
Big number
$ 1 billion. Kardashian West is not yet estimated to be a member of the six-comma club, but Forbes reported in April that West is “officially a billionaire” and that “he Really wants the world to know. ”
tangent
Kardashian West’s half-sister Kylie Jenner signed a deal with Coty in January. It sold 51% of its Kylie cosmetics at a valuation of $ 1.2 billion. Forbes She reports that the deal left her with a net worth of just under $ 900 million. Jenner topped this year’s Celebrity 100 list of the highest-paid celebrities in the world along with her brother-in-law West. Jenner and West contributed $ 590 million and $ 170 million, respectively. Last week, West signed a deal between his fashion brand Yeezy and Gap Inc. – “Yeezy Gap” will be in stores and online in 2021.
Further reading
Kim Kardashian West worth $ 900 million after agreeing to sell a stake in her cosmetics firm to Coty (Forbes)
The company that makes Kim Kardashian’s cosmetics is suing her to protect her trade secrets (Forbes)
Kanye West is now officially a billionaire (and he really wants the world to know it) (Forbes)
Inside Kylie Jenner’s web of lies, and why she’s not a billionaire anymore (Forbes)
Gap shares rise after clothing deal with Kanye West’s Yeezy (Forbes)
