LOS ANGELES (CBSLA) — Kim Kardashian West’s cosmetic line KKW is now worth $1 billion following a $200 million deal with beauty company Coty.
Kardashian West is selling a portion of her line to Coty, which also owns a stake in her sister Kylie Jenner’s beauty business.READ MORE: Venice Fight Results In One Dead, One Injured, One Arrested
On Monday, Coty announced it would acquire a 20% stake in KKW for $200 million.READ MORE: LAPD Arrests Two Suspects Responsible For Shooting In Watts
Kardashian West’s husband Kanye West congratulated her on the milestone saying, “I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire.”
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I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire
You’ve weathered the craziest storms and now God is shining on you and our family
So blessed this is still life
So I made you this still life
We love you so much pic.twitter.com/Vvtgzodnah
— ye (@kanyewest) June 30, 2020
The 39-year-old will remain the creative force behind KKW Beauty, according to a Coty press release announcing the deal.