While the world might be suffering from a global pandemic, that hasn’t hindered the Kardashian family‘s dedication to posting thirst traps. In between promoting her latest Skimms products, Kim Kardashian has been posting a steady stream of sexy pics on her Instagram account.
She posted an picture on Monday of herself in leather chaps and a crop top with the caption “So blessed and forever grateful ?” and she certainly has a reason to feel thankful lately. With a new deal with the cosmetic company Coty Inc, Kim Kardashian will officially reach billionaire status.
According to TMZ, this deal with Coty “is for a longterm strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom.” Kim is following in her sister Kylie’s footsteps here, as Coty previously spent $600 million to purchase a huge stake in Kyle Cosmetics.
TMZ reports that Kim’s deal with Coty will cover skin, hair, personal and nail products and has reportedly been in the works for months, and will see the cosmetics conglomerate fork over 200 million for a 20% stake in Kim’s business.
“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.”
Not only does this deal secure the next phase of her business, it puts Kim’s wealth ahead of Kylie’s. Kylie has held the position of wealthiest member of the family since the success of Kylie’s Cosmetics, but Kim has now “overtaken” her with this new deal. KKW is now valued at billion, while Kylie is worth $950 million.
Kylie was hailed as a self-made (as self-made as you can be from a famous and wealthy family) billionaire by Forbes in 2019 and 2020, but it came to light that there were some forged parts of her tax returns and “inflated business numbers,” so she was stripped of that title last month.
Kim’s Coty deal will play out in court for the rest of the year and is expected to be finalized in 2021.
Do you think there’s any awkwardness between the sisters? Will they discuss their growing bank accounts at the next not so socially distanced hang?