Move over, Kylie Jenner!
The Kardashian-Jenner clan is full of successful entrepreneurs, with each family member owning and/or operating their own business or career. While Kylie and Kim Kardashian have entered into the beauty world with their popular line of makeup products, sister Khloe Kardashian released her own clothing line known as Good American.
Kourtney Kardashian launched the lifestyle website Poosh. Brother Rob Kardashian owns and operates Arthur George sock company, and Kendall Jenner is one of the biggest supermodels in the world at the moment. Basically, the Kardashian-Jenner clan certainly has the Midas touch on every project they launch.
While Kylie previously reached billionaire status (though, Forbes recently rescinded the title) for her Kylie Cosmetics makeup and skincare line, it was recently reported that sister Kim had surpassed the youngest family member. Keep reading to find out more about Mrs. Kanye West's new deal.
Is Kim Kardashian a billionaire? The reality star signed a deal with Coty Inc.
Well, it appears Kim is back to being Kris Jenner's "favorite" daughter. TMZ recently reported that the KKW Beauty owner signed a new deal with cosmetic company Coty Inc. The beauty conglomerate reportedly now owns 20 percent of Kim's brand at the tune of $200 million.
The outlet reported that KKW Beauty is now valued at $1 billion, and the deal "is for a long-term strategic partnership to launch products in new beauty categories and expand across the globe." Additionally, sources revealed to TMZ that Coty will act as a licensee for hair, skin, nail, and personal products.
"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," Kim told TMZ.
With Kim owning the majority of the company, the beauty entrepreneur still maintains the final say in all business decisions.
Kanye West took to Twitter to congratulate his wife on her billionaire status.
However, Forbes reported that the E! star is not actually worth that much. According to the outlet, the deal values the popular beauty brand at $1 billion, but Kim owns a 72 percent stake in the company and Kris owns 8 percent. Forbes reports the mother-of-four is worth $900 million.
Is Kylie Jenner still a billionaire? 'Forbes' reported she lied about her status.
In 2019, Forbes had Kylie appear on their cover and named the reality star the "youngest self-made billionaire." However, the company discredited that statement just one year later claiming the 22-year-old forged tax returns and inflated numbers.
When the Kylie Cosmetics owner saw the article, she immediately took to social media to question Forbes' reports.
"What am i even waking up to. i thought this was a reputable site," she tweeted. "All i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period."
She continued, quoting the company, “'Even creating tax returns that were likely forged' that’s your proof? so you just THOUGHT they were forged? like actually what am i reading."
However, Kylie didn't seem too stressed about only being worth "just under $900 million" (via Forbes). Adding, "but okay i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine."
Kylie previously signed over 51 percent of her company to Coty for $600 million.