DUBAI: Only a few weeks after Kylie Jenner and Kanye West topped the annual Forbes listing of the very best paid celebrities, Kim Kardashian West is now reportedly a billionaire.
The truth TV star, who’s the brainchild of manufacturers KKW Magnificence, KKW perfume and SKIMS shapewear, offered a stake in her magnificence label to Coty, a magnificence conglomerate, for $200 million, in a deal that values Kardashian’s three-year-old enterprise at $1 billion.
“We’re thrilled to welcome one of the crucial influential magnificence icons to the Coty household: @kimkardashian West!” the corporate wrote on Instagram Monday.
Kanye West, father of her 4 kids, took to Twitter to congratulate his spouse. “I’m so happy with my lovely spouse Kim Kardashian West for formally changing into a billionaire,” he wrote to his 29.2 million followers.
“You’ve weathered the craziest storms and now God is shining on you and our household.”