Kim Kardashian joins her sister Kylie Jenner and husband Kanye West to the billionaire club as she becomes a billionaire after selling a 20% stake for $200 million in KKW beauty. Kim’s net worth last year was apparently aproximatel $650 million and with this move, her company is at billion dollars.
The deal was not the same as her sister’s Kylie’s who sold her 50% stake. Kim will still have the majority shareholder and full creative control. She will also be able to keep expanding the company as that’s what the beauty giant Coty is looking forward to.
Chairman and CEO of Coty, Peter Hart, expressed his enthusiasm by praising Kim Kardashian as a “modern-day global icon”.
Even though Kim has “birthed” the Kardashians, her sister Kylie surpassed her in billionaire status. At just 22 years old, Kylie was declared by Forbes the youngest self made billionaire – which brought a lot of heat around the world. Many disagreed that Kylie is “self made” and refused to accept Forbes’ statement. Kim has become a billionaire at age 39.
Her husband Kanye West took to Twitter to congratulate her with a photo that many think is bizarre.
Kanye got then trolled on Twitter why would he post a pepper, some vegetables, and flowers. We’re sure there’s deeper meaning behind this and many don’t understand it. And Kanye West obviously doesn’t care either.
In April 2020, Kanye West was also declared a billionaire by Forbes, however he was not happy with the fact that they stated his worth is $1.3 billion when it’s reportedly £3.5 billion.