Kim Kardashian Is Not A Billionaire Yet, Says Forbes
Kin Kardashian West Not A Billionaire Yet Despite Massive Deal
Kim Kardashian needs no introduction. She is one of the most successful businesswomen/supermodels of the 21st century. The American socialite and her family have their own reality show on E! by the name of 'Keeping Up With The Kardashians'. The show became such a massive success that it steered Kim Kardashian towards becoming one of the most successful businesswomen and celebrities.
However, it has not always been smooth sailing for the multi-millionaire. Yes, you heard that correctly - multi-millionaire! Forbes Magazine, after recently revealing that Kim's sister, Kylie Jenner, was taken off the Forbes' Billionaire List, has made another startling revelation by announcing that Kim Kardashian is not yet a billionaire.
The news comes as a bit of an embarrassment for Kim's husband, Kanye West, who publicly congratulated his wife on becoming a billionaire after a company called Coty acquired a 20 percent stake in KKW Beauty for $200 million.
The silver lining for Kim is that she's within touching distance of becoming a billionaire though, as Forbes has estimated her net worth to be at $900 million. The news website said,
“It comes not long after Coty bought a 51% stake in her half-sister Kylie Jenner’s cosmetics business in January, valuing that business at $1.2 billion,”
The news website further went on to explain why Coty has done good business by buying a stake in KKW Beauty. It said,
“Kardashian West enjoys a following of 177 million on Instagram, that’s half the population of the US or three times that of the UK, compare that with the most well-known Coty brand, Max Factor, which has 585,000 followers,”