Kanye West Posts A Vegetable Still Life On Twitter And Claims Kim Kardashian West Is A Billionaire – Forbes
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TOPLINE
Kanye West posted a picture of vegetables on Twitter Monday to congratulate his wife Kim Kardashian West for “officially becoming a billionaire,” after news broke about the deal between her cosmetics company KKW Beauty and retail giant Coty — though Forbes estimates Kardashian West remains just shy of billionaire status, worth $900 million.
Kim Kardashian West and Kanye West at the 2020 Vanity Fair Oscar Party.
KEY FACTS
Coty announced Monday that it acquired a 20% stake in KKW Beauty for $200 million, valuing the company at $1 billion.
Forbes estimates the deal, set to close in early 2021, leaves Kardashian West as the majority owner of KKW Beauty with a 72% stake in the company and that Kardashian West’s mother and manager Kris Jenner owns 8%.
She’s worth $900 million following the deal’s close, Forbes estimates.
“So blessed this is still life,” West tweeted saying that the vegetable arrangement he made was a still life.
Kardashian West hasn’t tweeted about the deal yet, but on Monday she tweeted that she was “so blessed and forever grateful.”
big number
$1 billion. Kardashian West isn’t estimated to be part of the six comma club yet, but Forbes reported in April that West is “officially a billionaire” and that “he really wants the world to know.”
tangent
Kardashian West’s half-sister Kylie Jenner signed a deal with Coty in January. She sold 51% of her Kylie Cosmetics at a valuation of $1.2 billion. Forbes reports that the deal left her with a net worth of just under $900 million. Jenner topped this year’s Celebrity 100 list of the world’s highest-paid celebrities alongside brother-in-law West. Jenner and West brought in $590 million and $170 million, respectively. Last week, West inked a deal between his Yeezy fashion brand and Gap Inc. — “Yeezy Gap” will be in stores and online in 2021.
further reading
Kim Kardashian West Is Worth $900 Million After Agreeing To Sell A Stake In Her Cosmetics Firm To Coty (Forbes)
The Company That Makes Kim Kardashian’s Cosmetics Is Suing Her To Protect Its Trade Secrets (Forbes)
Kanye West Is Now Officially A Billionaire (And He Really Wants The World To Know)(Forbes)
Inside Kylie Jenner’s Web Of Lies — And Why She’s No Longer A Billionaire (Forbes)
Gap’s Stock Surges After Apparel Deal With Kanye West’s Yeezy (Forbes)
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