Socialite and business woman Kim Kardashian’s husband Kanye West has congratulated her for officially becoming a billionaire after the values of her KKW reached $1 billion.
He stated this after a company Coty (COTY) announced on Monday that it would acquire a 20% stake in KKW, Kim Kardashian West’s cosmetics line, for $200 million. The deal values KKW at $1 billion, slightly less than the $1.2 billion valuations of Jenner’s company, Kylie Cosmetics.
Under the agreement, Kardashian West would retain creative control of the company, while leveraging her more-than 300 million social media followers for “products and communications initiatives.”
“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,” Kardashian West said.
Kanye wrote, “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”
Kim and Kanye have been married for 6 years and blessed with four kids at the moment. Kim’s cosmetic line keeps growing with so many expansions made on the brand.
