Kim Kardashian West is now a billionaire following deal with Coty Inc.
Just a few weeks after Kylie
Jenner and Kanye West topped the annual Forbes list of the highest paid celebrities, Kim Kardashian West is now reportedly a billionaire.
The reality TV star, who is the brainchild of brands KKW Beauty, KKW fragrance and SKIMS shapewear, sold a stake in her beauty label to Coty, a beauty conglomerate, for $200 million, in a deal that values Kardashian’s 3-yearold business at $1 billion.
“We are thrilled to welcome one of the most influential beauty icons to the Coty family: @kimkardashian West!” the company wrote on Instagram Monday.
Kanye and Kim Kardashian West