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Forbes Debunks Kanye's Claims That Kim Kardashian is a Billionaire

By | On July 04, 2020

Kanye recently took to Twitter to publicly congratulate his wife, Kim Kardashian, on becoming a billionaire after selling a 20% stake in her company, KKW Beauty, to cosmetics giant Coty for $200 million. The deal valued KKW Beauty at $1 billion, leading to the headlines that Kardashian is a billionaire.


However, Forbes estimates Kim's net worth at around $900 million, as she has a majority 72% stake in the company, and her mother, Kris Jenner, has an 8% stake.

This comes after Forbes stripped Kim's sister Kylie of her billionaire status earlier this year after controversially naming her the youngest self-made billionaire in 2019. Forbes claims Kylie's net worth is just under $900 million after selling a 51% stake of her company to Coty.

Filings from the cosmetics giant showed that Kylie's business was smaller and less profitable than she led Forbes to believe when they gave her the title.


Kylie responded to the Forbes article, which she claimes features a "number of inaccurate statements and unproven assumptions." Kim has yet to respond.

Source: Forbes

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