Kim Kardashian West is the newest billionaire in her family

The makeup mogul sold a 20 percent stake in KKW Beauty for $200 million.
Published June 30, 2020 2:00 p.m. EST
Last Updated July 5, 2020 12:00 a.m. EST
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Kim Kardashian West is the newest billionaire…in her family. The reality star just sold a 20 percent stake in her makeup company KKW Beauty to Coty, which adds up to a massive $200 million investment. Kardashian’s latest deal reportedly pushes her over the billion-dollar mark, joining husband Kanye West and little sister Kylie Jenner in the nine zeroes club.Coty announced the deal on Monday, sharing a picture of Kardashian West and welcoming the mogul to their brand. “We are thrilled to welcome one of the most influential beauty icons to the Coty family,” wrote Coty. “With Kim’s influence and our deep expertise in prestige beauty we will build a beauty powerhouse and enter new beauty categories together.”
Kardashian West’s new deal with Coty will include an expansion of her makeup line, which Coty confirmed in a statement on Monday. Kardashian West and Coty will launch several new lineups of products that cover nailcare, skincare and haircare.“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," said Kardashian in a statement on Monday. "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.”[video_embed id='1984153']RELATED: Jameela Jamil calls out ‘deluded’ Kim Kardashian-West over corset pic[/video_embed]Following yesterday’s news of the deal, Kardashian West tweeted a picture of herself sitting on the couch at her ranch in Wyoming and captioning the image “So blessed and forever grateful.” The aspiring lawyer’s husband also commented on the deal and celebrated his wife’s achievement. “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,” wrote West, who included a picture of some vegetables and a flower. Genius? Coty teamed up with Kardashian West’s sister Kylie Jenner in January to buy a 51 percent stake in her Kylie Cosmetics company, a deal that was reportedly worth $600 million and gave Jenner the title of the youngest self-made billionaire. Forbes recently questioned Jenner’s financial records, putting her billionaire status in question. Contrary to West’s declaration that his wife is now a billionaire, Forbes is also questioning whether Kardashian West has entered the 10-digit arena, estimating her net worth closer to $900 million.West called out the financial magazine in April after it reported that the rapper and fashion designer was worth $1.3 billion. West texted a writer at the magazine, noting that Forbes was off by a few dollars. “It’s 3.3 billion since no one at Forbes knows how to count,” Forbes reports West as writing.Whatever the actual figures for the Jenner, West and Kardashian-West family, they’re doing just fine.[video_embed id='1881291']Before you go: Kim Kardashian reveals how she’s finding balance in her life[/video_embed]