Entertainment
Kim Kardashian is not a billionaire – Forbes
Days after rapper, Kanye West took to social media to congratulate his reality TV star wife, Kim Kardashian on becoming a billionaire after her deal with COTY, Forbes has come out to debunk the claims.
Forbes has reacted to reports that American TV reality star, Kim Kardashian is now a billionaire after she sold 20per cent stake of her beauty line to American multinational beauty company, COTY, for $200 million.
According to American business bi-weekly magazine, the 39-year-old reality star and mother of four is worth about $900million after inking a deal with Coty Inc. to sell a 20per cent stake in the company, which sells make-up and fragrances, for $200million.
Forbes writes that the deal values KKW Beauty at $1 billion, not that she is one yet, but close.
The outlet estimates that Kim has a 72 per cent stake in the company now (majority ownership) and that her mother Kris Jenner owns an 8per cent stake.
-
Metro20 hours ago
Ogun judiciary workers suspend strike
-
News13 hours ago
FG revokes 924 dormant mining licences
-
News18 hours ago
Mohbad’s father has no right to demand DNA test – Lawyer
-
News16 hours ago
FG suspends Dana Air operations
-
News18 hours ago
GWR: Chess master Tunde Onakoya arrives Nigeria, gets hero’s welcome
-
Sports16 hours ago
Why I didn’t apply for Super Eagles’ job – Vincent Enyeama
-
News20 hours ago
LAUTECH introduces Mass Communications, five other programs
-
Metro20 hours ago
Victim of Oyo police shooting not student – LAUTECH