Kim Kardashian West’s beauty brand now has a $1 billion valuation, with $200 million invested by Coty, but that doesn’t necessarily mean the reality TV star is a member of the three-comma club.
Forbes estimates her current net worth at more than $900 million, but the reality is likely to be far more complex. It all began when, according to Forbes, she was described as a billionaire after the deal and is now worth more than $2 billion.
Kim Kardashian’s Worth
Though Forbes says the company’s sky-high valuation probably has more to do with her social media presence than anything else. Kim Kardashian West made more than $100 million in sales in 2018, up from $50 million the year before according to Business Insider.
In 2019, Forbes reported a valuation of her beauty brand of $1.2 billion, but when Coty and the rest of her $200 million fortune are added, her net worth rises to a cool $370 million.
Kim will have to be worth even more when she launches a successful shapewear and loungewear line called Skims in late 2019. Kylie Jenner and Kim Kardashian West are the only two women in their 20s to have achieved billionaire status.
Kardashian West is not officially a billionaire, but the reality star and businessman is on track to earn the title after she sold her make-up and perfume company Kardashian-West Cosmetics to global beauty brand Coty in a $200 million deal.
Kardashian West’s makeup & perfume company is now valued at more than $1 billion, according to KMOX Radio.
Her Shocking Success
Kim has used her name and reality TV infamy as perhaps the best-known Kardashian-Jenner family member known for her good looks, fashion sense and social media presence.
KW Beauty, which Kardashian-West founded and sells make-up, body pens and perfumes. In recent years, she has successfully launched her own make-up line as well as a range of clothing and accessories.
Her business decision came after her sister Kylie Jenner sold her cosmetics to Coty for a whopping $600 million (£488 million) in November 2019.
In March, Forbes described Jenner as a ‘self-made billionaire’ and declared she is’ not only the richest woman in the world, but also one of the most successful celebrities of all time ‘, stating:’ Based on our financial results, Jenner’s net worth is now estimated at approximately $900 million as per Elle.
The Family Business
Jenner, who is Kardashian West’s half-sister, also signed a deal with Coty earlier this year, but her net worth is less than $100 million. Jenner, whose children Mason, Penelope and Reign are shared by the talentless founder with ex Kourtney, is worth around $40 million according to Forbes, bringing in $20 million in her first year as the owner of KKW Beauty.
This is significant because it makes them the second largest cosmetics company in the United States and the third largest in Europe.
According to Celebrity Net Worth, the “Revenge Body” host is worth about $50 million, but the Grammy winner will become a billionaire in April 2020, when Forbes estimates her net worth at $1.3 billion. Kim will have a net worth of $900 million when she sells a 20 percent stake in KKW Beauty to Coty for $200 million in June 2020.