Kim Kardashian West Is (Maybe) a Billionaire. Social Media Isn’t Feeling It

Brenda Watkins
July 3, 2020

Reality TV star Kim Kardashian has been stripped of her billionaire status by the editors of Forbes magazine.

The rapper wrote on Twitter: "I am so proud of my lovely wife Kim Kardashian West for officially becoming a billionaire". This deal brought KKW Beauty's value to $1 billion, and made Kardashian-West's net worth around $900 million, according to Forbes. "Do you love it?"

And I can't even get a text back. "You guys, I dyed my hair red", she says to the camera, as she admires her new look.

"I am so proud of my attractive wife Kim Kardashian West for officially becoming a billionaire", the 43-year-old singer tweeted.

The move mirrored Coty's earlier tie-up with Kardashian West's younger sister Kylie Jenner in which it said its 51% controlling stake in Kylie Cosmetics and Kylie Skin would be used to take the two lines deeper into Europe.

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Kim Kardashian values her beauty company at Dollars 1 Billion and sells stake for USD 200 million to Coty cosmetics, the same company Kylie cosmetics set a deal with.

Kim celebrated the deal in a far less sentimental fashion than her husband - with 100 percent less vegetables.

"Partnering with an established organization like Coty will be instrumental in the advancement of my brands as their global reach allows for faster expansion so people around the world are able to experience new launches first hand", she said in a statement.

Now, Kim Kardashian West has unveiled her new lockdown look: a deep burgundy red, which makes a sharp departure from her usual jet-black or ice-white hues.

Under the agreement, Kardashian would retain creative control of the company, while leveraging her more-than 300 million social media followers for "products and communications initiatives".

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