Key Facts According to Forbes.
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.”