- Kim signs a deal for Coty Inc to purchase 20% of her KKW beauty empire for $200m
- The deal is for a ‘longterm strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom’
- Coty bought a majority stake in her sister Kylie Jenner’s beauty company, (51%) in 2019, for $600million, which would value her wealth at $1.2billion
- Earlier this year Kanye was officially described as a billionaire, and is reportedly worth $1.26 billion
“Kim is a true modern day global icon,” said Coty CEO Peter Harf in a statement.
Kim Kardashian West is selling a stake in her beauty brand for $200 million, a deal that values the reality TV star’s three-year-old makeup business at $1 billion.
The 39-year-old will remain the creative force behind KKW Beauty, according to a Coty press release announcing the deal.