Kanye West is proud of his billionaire wife Kim Kardashian and he’s letting the world know.
Coty Inc Conglomerate, the same global beauty company that bought 51% of Kylie Jenner’s beauty brand has elevated yet another member of the family to billionaire status.
According to TMZ, the company signed a $200 million deal with Kim Kardashian for a 20% stake in KKW Beauty. This means that the company puts the value of Kim Kardashain’s cosmetic company at over $1 billion.
Sources say that this will be a long strategic partnership that will see Coty Inc acting as a license to all products from hair, makeup to skincare.
The deal will however not close until the later part of 2021 as KKW beauty is still embattled in a legal fracas with its former production company, Seed Beauty.
The company which previously manufactured KKW Beauty products is suing for a court injunction that prevents Kim Kardashian from revealing its trade secrets and business practices to Coty.
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The Wests are nonetheless, celebrating this big win. Kanye West who rarely shows up on social media these days tweeted how proud he was of his wife and how far they’ve come together.
“I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire. You’ve weathered the craziest storms and now God is shining on you and our family. So blessed this is still life. So I made you this still life. We love you so much” he wrote
See his tweet below
I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire
You’ve weathered the craziest storms and now God is shining on you and our family
So blessed this is still life
So I made you this still life
We love you so much pic.twitter.com/Vvtgzodnah
— ye (@kanyewest) June 30, 2020
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