NEW!  BREAKING NEWS: Top 5 world’s richest people in 2020 Read More

Entertainment News

Kim Kardashian-West overtakes Kylie Jenner to become self-made billionaire

1 Mins read

Kim Kardashian’s beauty brand, KKW, has been valued at a billion dollars, with the mogul now overtaking the wealth of her younger sister Kylie Jenner.

Furthermore, Kim Kardashian 39, has just inked a deal with Coty Inc. to sell a 20 per cent stake in the company, which sells make-up and fragrances, for $200million.

TMZ reports:

The deal is for a ‘long-term strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom’

Sources also said that Coty acts as a licensee for skin, hair, personal, and nail products.

If the company have paid $200million for one fifth of the brand, that means they value the whole company at a billion dollars.

Read Also: Davido Has Not Called Me Back, Jude Okoye Lied About So Many Things, Cynthia Morgan

This means that Kim has overtaken her sister Kylie, 22, in the wealth stakes as her wealth is thought to be at $900-950million.

angering her by accusing her of inflating figures and ‘forging’ tax returns for the makeup mogul’s cosmetics company.

TMZ also reported that Kim and her team have been working out the deal with Coty for months.

Kim said:

‘This relationship will allow me to focus on the creative elements that I’m so passionate
about while benefiting from the incredible resources of Coty,
and launching my products around the world.’


Related posts
Entertainment News

Annie Idibia Shares Photos Of 2face's 45th Birthday Party

1 Mins read
Annie Idibia took to her Instagram page on Sunday, September 20, 2020, to share some of the photos from the surprise birthday…
Entertainment News

Yung6ix complain bitterly after spending N500k to buy hair for his babymama

1 Mins read
Nigerian rapper Onome Onokohwomo popularly known as Yung6ix has lamented bitterly after splurging $1300 (N500,000) on his babymama’s hair extension. Yung6ix shared…
Celebrity NewsEntertainment News

Why Kim Kardashian could divorce Kanye West over his stance on abortion

1 Mins read
Reality star, Kim Kardashian is thinking about divorcing Kanye West in light of his latest episode, Page Six is exclusively told. A source…
Please SUBSCRIBE for our Latest News


0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x