It was announced this past Monday how Kim Kardashian–West had sold a 20% stake in her company, KKW Beauty, to the cosmetics giant Coty for a cool $200 million.
The deal saw KKW Beauty valued at $1 billion — which meant Kim was of billionaire status.
Many were quick to accept the news and rightfully so, including her husband Kanye West.
He publically congratulated her with a still life of vegetables and the following message, edited for length:
“I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” he wrote. “You’ve weathered the craziest storms and now God is shining on you and our family.”
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And while Kim appeared to endorse the message by liking the tweet, Forbes has since debunked Kanye’s claims that Kim is in fact, a billionaire.
The publication has estimated that the Coty deal will actually leave Kim with a 72% stake in the company, while Kris Jenner will own 8%.
In addition, they valued her worth at $900 million —- no small potatoes, folks.
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The revised estimates of Kim’s worth comes not even two months after Forbes publicly stripped Kylie Jenner of the coveted billionaire status they awarded her back in 2019.
The publication accused Kylie of fabricating her wealth and estimated that she was (also) actually worth $900 million. She adamantly refuted these claims on Twitter.
In the interim, the Kardashians will just have to settle on being apart of the millionaire club.
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