Global media company, Forbes has said Kim Kardashian isn’t a billionaire yet, despite her husband Kanye West taking to Twitter to praise her for achieving ‘billionaire status’.
Kim Kardashian’s beauty brand, KKW, was reported to have been valued at a billion dollars but now according to Forbes her company is worth $900million after she inked a deal with Coty Inc. to sell a 20 percent stake in the company, which sells make-up and fragrances, for $200million.
Remember that Coty also bought a 51 percent stake in Kylie’s company for $600million last year which made Kylie, 22, celebrate reaching billlionaire status.
But in May, Forbes stripped her of the title, accusing her of inflated business figures and ‘forging’ tax returns and suggesting she is worth around $950million.
Now Forbes report that Kim’s deal with Coty which is set to close in the third fiscal quarter of 2021 will leave majority owner Kim with a 72% stake but as her mother Kris Jenner owns 8% it has prevented her from attaining true billionaire status.
This news comes after Kim’s 43-year-old husband Kanye, bragged about her ‘billionaire’ status on Monday.
He wrote;
“I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,’ Kanye wrote.
‘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,’ he concluded. ”
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