–
After more than ten years in the spotlight, Kim Kardashian has officially become a billionaire thanks to his cosmetics business. She thus passes in front of her little sister Kylie Jenner who was so far the wealthiest of the Kardashian family.
Kim Kardashian has regained his throne. The young woman behind the famous reality show “Keeping Up with the Kardashians” has officially become a billionaire, beating her sister Kylie Jenner. If celebrity is seen being propelled to the rank of billionaires, it is thanks to its make-up brand. The multinational cosmetics company, Coty Inc, bought a 20% stake in the Kim Kardashian West make-up brand. In addition to expanding his bank account, this investment will allow him to further develop his business in the long term. According to our colleagues from Reuters, this investment by Coty values Kim Kardashian West’s cosmetics line at $ 1 billion.
“This partnership will allow me to focus on the creative elements that I am so passionate about, while benefiting from Coty’s incredible resources,” said Kim Kardashian following the announcement of this collaboration.
Queen Kylie dethroned
A few months ago, Kylie Jenner still held the role of “family billionaire”. In March 2019, Forbes magazine inducted the little princess of cosmetics into the club of fortunes with 10 digits and more. In May of this year, the magazine made the decision to revoke its celebrity billionaire title. The magazine suspects the young woman of having lied about her fortune. According to Forbes, the turnover achieved in 2018 corresponded to about a third of the amount given by Kylie Jenner. The 22-year-old mother denied the accusations.
–
