On edge of a billion

Kim’s at $900M after Coty deal

Kim Kardashian West may soon be the real billionaire in the KardashianJenner family.

After inking a $200-million deal with Coty for a 20percent stake in her beauty business KKW, the 39-yearold reality star and wife of musical artist Kanye West is now just an air kiss away from being a billionaire, according to wealth-tracker Forbes.

The Coty deal values the 4-year-old KKW Beauty at $1 billion, making Kardashian West — who also owns her own shapewear brand Skims and mobile game “Kim Kardashian: Hollywood” — worth about $900 million, Forbes said.

If Kardashian West makes it over the billionaire hump, she will be the first child of Kris Jenner to be declared a billionaire. That status first went to her younger sister and fellow makeup entrepreneur Kylie Jenner last year, but the financial magazine yanked the title as part of an explosive May 29 report that accused Jenner of falsely inflating her wealth, including by lying about her makeup sales.

The pouty-lipped Jenner disputed the report, which was based in part on financial disclosures Coty made about Jenner’s beauty brand, Kylie Cosmetics, after the owner of CoverGirl

MaxFactor took a majority stake in it last year for $600 million.

And there’s no disputing that Coty is helping to make both sisters richer in an effort to boost its own sales.

The latest deal calls for Coty to develop new products with Kardashian, including skin-care, hair and nail brands. KKW is mostly known for its color cosmetics and highlighters.

“Kim is a true modernday global icon,” Coty Chairman and Chief Executive Peter Harf said in a statement. “This influence, combined with Coty’s leadership and deep expertise in prestige beauty will allow us to achieve the full potential of her brands.”

Harf said Coty, which owns the CoverGirl and Max Factor brands, has been doubling down on powerful social-media brands to drive its growth, which has been struggling under a heavy debt load and diminished demand for its products.

Harf told investors earlier this month that he and Kris Jenner — the mom of Kim and Kylie — are “good friends.” Kris Jenner holds an 8 percent stake in KKW, according to Forbes.

Coty stock closed at $4.74, up 13 percent.

The KKW deal is expected to close in the third quarter, Coty said.