Despite Kanye West publicly congratulating his wife Kim Kardashian on becoming a billionaire after Coty acquired a 20 percent stake in KKW Beauty for $200 million, Forbes is making it clear that Kim isn’t actually a billionaire yet. She’s close though, now estimated to be worth about $900 million. (That puts her slightly above her sister Kylie Jenner, who Forbes reported earlier this year is worth “just under $900 million.”)
Forbes writes the deal values KKW Beauty at $1 billion, so at the very least Kim started a billion-dollar business. The outlet estimates that Kim has a 72 percent stake in the company now (majority ownership) and that her mother Kris Jenner owns an 8 percent stake.