Well, it appears Kim is back to being Kris Jenner’s “favorite” daughter. TMZ recently reported that the KKW Beauty owner signed a new deal with cosmetic company Coty Inc. The beauty conglomerate reportedly now owns 20 percent of Kim’s brand at the tune of $200 million.
The outlet reported that KKW Beauty is now valued at $1 billion, and the deal “is for a long-term strategic partnership to launch products in new beauty categories and expand across the globe.” Additionally, sources revealed to TMZ that Coty will act as a licensee for hair, skin, nail, and personal products.
“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,” Kim told TMZ.
With Kim still owning the majority of the company, the beauty entrepreneur still maintains the final say in all business decisions.
Source : https://www.distractify.com/p/is-kim-kardashian-a-billionaire