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Entertainment Kim Kardashian signs a monster contract and becomes billionaire, ahead of his sister Kylie Jenner

05:15  30 june  2020
05:15  30 june  2020 Source:   public.fr

Kim Kardashian finally billionaire: this contract which changes everything for her

 Kim Kardashian finally billionaire: this contract which changes everything for her © Agence / Bestimage Kim Kardashian finally billionaire: this contract which changes everything for her Kim Kardashian becomes billionaire by yielding 20% ​​of his shares to the Coty group. A new status that fills Kanye West's wife with pride, and will allow her to further develop her brand, KKW, competing with that of her little sister, Kylie Jenner.

Kim talks about her sister Kylie becoming a billionaire , the family's response to it, learning a lot from each other as siblings and reveals if Kylie is

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Kim Kardashian signe un contrat monstre et devient milliardaire, devançant sa soeur Kylie Jenner © Splash News / ABACA Kim Kardashian signs a monster contract and becomes billionaire, ahead of his sister Kylie Jenner The fortune of Kim Kardashian would have officially reached the symbolic level billion dollars, thanks to a recent commercial partnership negotiated after several months of negotiations. The businesswoman has signed a contract with a multinational beauty company on behalf of her brand KKW Beauty.

At 39, Kim Kardashian-West would have reached a new symbolic level in his planetary success. Not content with having upset in a few years, not only the codes of celebrity , but also the contemporary canons of beauty and the beauty and fashion industry, the mother of four continues still his ascent. Following an major commercial agreement between his cosmetic brand KKW and the beauty conglomerate Coty , which would have acquired 20% of the shares of its company, for an equivalent of 200 million dollars, the fortune of Kim Kardashian would have reaches $ 1.2 billion.

Kim Kardashian's beauty line valued at $1 billion as Max Factor-owner Coty snaps up a 20% stake

  Kim Kardashian's beauty line valued at $1 billion as Max Factor-owner Coty snaps up a 20% stake Turnover at the beauty line KKW, which Kardashian West set up in 2017, topped £81m in 2018. Her younger sister Kylie Jenner (pictured right with Kardashian West) is also a make-up entrepreneur. Coty bought a 51 per cent share of Kylie Cosmetics last year for £485million, valuing the company slightly higher than Kardashian West's at £970million.KKW sells everything from mascara to lipstick as well as bundles of make-up that can cost £260.Coty's willingness to buy a stake in another company set up by the Kardashian brood comes as its major investor JAB Holdings is trying to turn around the unprofitable cosmetics giant.

The deal values West's cosmetics company at billion, slightly lower than the .2 billion valuation Coty put on West's half sister Kylie Jenner 's business, the report said. Earlier this month, Coty disclosed that it was in talks with West over a potential collaboration for the beauty line.

Growing up, Kylie Jenner always looked up to her Kardashian big sisters . But at 20-years-old the table has turned, with Kylie the one to inspire her older siblings, thanks to the incredibly successful make-up line which has made her a billionaire .

A family of billionaires

This information comes only a few weeks after the spectacular removal of Kim Kardashian's sister, Kylie Jenner, by Forbes magazine , from the title of youngest billionaire of world . The famous bimonthly financial had accused the young entrepreneur of having inflated her income, although the latter vigorously denied. While the same company, Coty, is also behind the purchase of 51% of the company's shares, the comparison between the two sisters is difficult to avoid . This slightly obscene competition which does not say its name would therefore for the moment be won by , the eldest of the Kardashian-Jenner clan, who is making sure with this new partnership to develop its brand in other products and on a scale international. In addition to the make-ups that made KKW beauty successful, the brand would also plan to produce care products for the skin, hair and nails. Singer Kanye West's wife , also recently dedicated billionaire , said: "This partnership will allow me to focus on the creative elements, which I am so passionate about, while benefiting from Coty's incredible resources . " Kardashian & Co!

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