Kim Kardashian West has joined the Billionaire club. The fashion designer and reality TV star has sold a portion of her KKW Beauty business to Coty for a massive $200 million dollars. Coty is now owner of 20% of the business, far less of a chance than they took buying a majority share of Kylie Jenner’s cosmetics company for $600 million.
Coty plans to expand the brand into more countries around the world and explore other beauty categories, like skin creams and shampoos.
Kim got a sweet congratulations note from her billionaire husband Kanye West on Twitter.
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 pic.twitter.com/Vvtgzodnah
— ye (@kanyewest) June 30, 2020