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Does Kylie Jenner’s Deal With Coty Threaten Her Billionaire Status?


It’s a very exciting time in Kylie Jenner’s life. The makeup mogul just announced that she will be selling 51 percent of Kylie Cosmetics to Coty — the international conglomerate behind brands like Clairol, CoverGirl, and Max Factor. Coty will be paying Kylie a cool $600 million to have the majority share of the company. It makes total sense that Coty would want to buy Kylie Cosmetics, but we want to know about the other end of the deal: Why did Kylie Jenner sell Kylie Cosmetics?

Why did Kylie Jenner sell Kylie Cosmetics?

OK, to be fair, we know the main reason why Kylie sold the majority share of her company. It’s money. Obviously. You’d probably be pretty hard-pressed to find someone who doesn’t want an extra $600 million. But it seems like Kylie’s reasons may go beyond just getting rich. (Or, well, getting richer, anyway.)