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American Producer, rapper and fashion designer, Kanye West has celebrated his wife Kim Kardashian on becoming a ‘billionaire’ after she sold 20 percent stake of her beauty line to American multinational beauty company, COTY.

The TV personality and mother of four became a ‘billionaire’ after the beauty giant COTY purchased a 20 percent stake of her KKW Beauty company for $200 million.

However, the deal announced on Monday values KKW Beauty at $1 billion, making Kardashian West worth about $900 million, according to Forbes estimates.

The rapper, Kanye, who is already a “billionaire” took to his Twitter page to celebrate his wife on her new achievement.

He wrote: ‘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.’

 

Last year, Coty also bought a 51 percent stake in Kylie Jenner’s company for $600million.

Forbes announced Kylie Jenner as the youngest-ever self-made billionaire at 21,  In March 2019, unseating Facebook’s Mark Zuckerberg who made his first billion at 23 in 2008.

Kardashian was also hailed as a ‘self-made billionaire’ by Forbes in 2020, but last month they stripped her of the title, accusing her  ‘lying about company figures and forging tax returns’ and suggesting that she is worth around $950million in its report titled “Inside Kylie Jenner’s Web of Lies — and Why She’s No Longer a Billionaire”

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Mhizzpearl

Essien Helen Uwana aka Mhizpearl is a young girl in her early twenties, a statistics student of the prestigious University of Calabar, Cross River, Calabar.
She is an inspired writer, she's self oriented,coordinated and organised. She created this informative site in other to share her idea and also to keep her fans updated in every event that takes place globally.

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