Kim Kardashian NOT a billionaire says Forbes despite Kanye's bragging

Kim Kardashian is NOT a billionaire according to Forbes despite Kanye West bragging she was after Kylie Jenner was stripped of coveted status over ‘web of lies’

  • The 39-year-old reality star is worth about $900million after inking a deal with Coty Inc. to sell a 20 percent stake in the company, which sells make-up and fragrances, for $200million
  •  Coty also bought a 51 percent stake in Kylie’s company for $600million last year
  • Kylie, 22, had been hailed a ‘self-made billionaire’ by Forbes in 2019 and 2020, but in May they stripped her of the title, accusing her of inflated business figures and ‘forging’ tax returns and suggesting she is worth around $950million 
  • Now Forbes reports that the deal which is set to close in the third fiscal quarter of 2021 will leave majority owner Kim with a 72% stake but as her mother Kris Jenner owns 8% it has prevented her from attaining true billionaire status
  • This may be interesting news to Kim’s 43-year-old husband Kanye who bragged about her ‘billionaire’ status on Monday 
  • Coty acts as a licensee for skin, hair, personal and nail products 
  • The deal means that Kim remains very much at the helm of the business, having only given up a 20 percent stake
  • If the company have paid $200million for one fifth of the brand, that means they value the whole company at a billion dollars
  • Coty bought a majority stake in Kylie’s beauty company, (51 per cent) in 2019, for $600million, whereas Kim will still be in charge of her company 

Kim Kardashian’s beauty brand, KKW, was reported to have been valued at a billion dollars leading Kanye West to brag about her new three comma status.

But according to the publication that striped Kylie Jenner of billionaire status, her older sister isn’t one either.

The 39-year-old reality star is worth about $900million after inking a deal with Coty Inc. to sell a 20 percent stake in the company, which sells make-up and fragrances, for $200million according to Forbes.

Coty also bought a 51 percent stake in Kylie’s company for $600million last year.

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Miscalculations? Kim Kardashian’s beauty brand, KKW, was reported to have been valued at a billion dollars leading Kanye West to brag about her new three comma status but according to a new report from Forbes she is only worth $900million

Downgrade: Kylie Jenner, 22, had been hailed a ‘self-made billionaire’ by Forbes in 2019 and 2020, but in May they stripped her of the title, accusing her of inflated business figures and ‘forging’ tax returns and suggesting she is worth around $950million

Kylie, 22, had been hailed a ‘self-made billionaire’ by Forbes in 2019 and 2020, but in May they stripped her of the title, accusing her of inflated business figures and ‘forging’ tax returns and suggesting she is worth around $950million.

 Now Forbes reports that the deal which is set to close in the third fiscal quarter of 2021 will leave majority owner Kim with a 72% stake but as her mother Kris Jenner owns 8% it has prevented her from attaining true billionaire status.

This may be interesting news to Kim’s 43-year-old husband Kanye who bragged about her ‘billionaire’ status on Monday.

Crunching the numbers: The 39-year-old reality star (seen in October) is worth about $900million after inking a deal with Coty Inc. to sell a 20 percent stake in the company, which sells make-up and fragrances, for $200million according to Forbes

Momager in the way: Now Forbes reports that the deal which is set to close in the third fiscal quarter of 2021 will leave majority owner Kim with a 72% stake but as her mother Kris Jenner owns 8% it has prevented her from attaining true billionaire status

‘I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,’ Kanye wrote.

‘You’ve weathered the craziest storms and now God is shining on you and our family. So blessed this is still life.’ 

The Jesus Walks rapper appeared to have created a a found-art photo featuring a green tomato, a tomatillo, a cherry tomato, some lavender and other flowers, all arranged on the ground.

‘So blessed this is still life’: This may be interesting news to Kim’s 43-year-old husband Kanye who bragged about her ‘billionaire’ status on Monday 

‘So I made you this still life. We love you so much,’ he concluded. 

Kanye later faced backlash on social media as many considered it ‘ill-timed’ for boasting about his wife’s financial high given the fraught financial state of the globe.

Regardless Kim’s new deal is for a ‘long-term strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom’.

TMZ reports that Coty acts as a licensee for skin, hair, personal and nail products. 

Interesting: TMZ reports that Coty acts as a licensee for skin, hair, personal and nail products

In control: The deal means that Kim remains very much at the helm of the business, having only given up a 20 percent stake 

The deal means that Kim remains very much at the helm of the business, having only given up a 20 percent stake.  

If the company have paid $200million for one fifth of the brand, that means they value the whole company at a billion dollars.  

Coty bought a majority stake in Kylie’s beauty company, (51 per cent) in 2019, for $600million, whereas Kim will still be in charge of her company. 

Drippin’: Kim (seen at the Met Gala in May 2019) said: ‘This relationship will allow me to focus on the creative elements that I’m so passionate about while benefiting from the incredible resources of Coty, and launching my products around the world’

TMZ also reported that Kim and her team have been working out the deal with Coty for months.

Kim said: ‘This relationship will allow me to focus on the creative elements that I’m so passionate about while benefiting from the incredible resources of Coty, and launching my products around the world.’ 

Kim’s beauty company was recently sued by Seeds Beauty because they were reportedly worried she would spill trade secrets to Coty. 

Something to say: Kylie recently hit back at Forbes after it published a report claiming that the Jenners and their PR team inflated figures for Kylie Cosmetics

Last month, Kylie slammed Forbes after the publication released a bombshell report accusing her of inflating figures and ‘forging’ tax returns for the makeup mogul’s cosmetics company.

It appeared the reality star was taken by surprise at the article, which claims Kylie Cosmetics is not doing as well as the Jenners want people to think – and that the Lip Kit creator is not actually a billionaire.

Forbes named Kylie the world’s youngest self-made billionaire in 2019 and again in 2020, and of her surprise over their latest article she wrote on Twitter: ‘What am i even waking up to. i thought this was a reputable site.

‘All i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period’

‘Inaccurate statements’: Kylie appeared shocked by the Forbes article that claimed her family created a ‘web of lies’ so she could be crowned the youngest billionaire

She followed up with a quote from the Forbes report that accused the Jenners and their accountant of producing false tax returns.

‘“Even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT they were forged? like actually what am i reading.’ Kylie tweeted incredulously. 

She followed up with another post focusing on the positive, ‘but okay i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine.’

The publication accused Kylie of ‘lying about company figures and forging tax returns’ to be dubbed a billionaire. 

Report: Kylie is not a billionaire, Forbes claimed. They accused the ‘self-made’ makeup mogul, 22, of spinning ‘a web of lies’ about company figures and ‘forging tax returns’

Kim versus Kylie: How do their earnings compare?

She’s just sold a 20% share of her KKW beauty company, banking an incredible $200million.

So how does Kim’s latest windfall compare to sister Kylie’s and the rest of their hugely successful family

Kim Kardashian: Estimated net worth – $900million

Sister act: Kim (centre) has potential to be the richest member of the Jenner/Kardashian family

The first member of the Kardashian family to find stardom was Kylie’s big sister Kim, 39. 

After a couple of years lurking on the sidelines of fame as Paris Hilton’s friend and sometime stylist, she was catapulted into the public eye when an intimate sex tape was leaked in 2007. While Kim was by her own account ‘devastated’, her mother Kris Jenner saw an opportunity and took over, guiding Kim to win a $5million payout via a lawsuit against the company, and signing up the newly notorious family for their own reality show.

Last year Kim’s net worth was estimated at $370million by Forbes, which put her at number 26 on the magazine’s 2019 list of America’s Highest-Paid Celebrities. 

Yet the publication may have been a little wide of the mark as Coty Inc valued her beauty empire, KKW, at $1billion, buying 20% of the company for a huge $200m. 

However, Forbes has since claimed the deal will leave majority owner Kim with a 72% stake but as her mother Kris Jenner owns 8% it has prevented her from attaining true billionaire status.

While sister Kylie sold a majority stake (51%) of her beauty company, Kylie Cosmetics to Coty in 2019, Kim is still in control of her brand as she owns 80%.  

Mother-of-four Kim’s money previously came from her share of the Keeping Up With The Kardashians show pay check. She had been earning $100million a year from KKW but the latest deal will give her brand further global reach. 

She has also made millions from her computer game, Kim Kardashian: Hollywood.

Kim supplements this income with endorsements, recently confirming she gets offered up to $1million for a single sponsored Instagram post.

She said she turned down that particular offer because her husband Kanye West didn’t like the ‘fast fashion’ company because ‘they would knock off Yeezy all the time.’ 

Her rapper husband has called himself a billionaire, and according to Forbes Kanye earned $150million over the past year, putting him at number three on the magazine’s World’s Highest-Paid Entertainers 2019 list.

Kylie Jenner; Estimated net worth $900-950million

Like all her sisters, Kylie, 22, makes money from the family reality show, modelling gigs, and endorsements. 

However this is dwarfed by her makeup company, which started out as a single batch of 15,000 $29 lip kits which she self-funded and sold online to her Instagram followers in 2015.

She sold a controlling stake of her brand CoverGirl owner Coty for $600million last year, making her officially the richest Kardashian until now.

Kylie commands a little more than sister Kim for her Instagram posts and at last count, charged $1.2 million (£960,000) for a single ad post. 

This makes her the highest-paid Instagram Influencer of 2019, according to reports.

She’s also been involved in lucrative advertising deals which have netted her around $18million, from companies such as Puma and Pac Sun. 

When she first started out, Kylie’s mother Kris brokered her seven figure deals as a model, scoring a huge deal with British retailer Topshop.

Self made: Kylie Jenner, seen promoting Kylie Cosmetics, is now said to be worth $900m

Kris Jenner; Estimated net worth – $90million 

When her daughter’s sex tape with ex Ray Jay hit the internet, Kris Jenner took control, negotiating so well that the reality star continues to make money from royalties today. 

Indeed it is all thanks to Kris that fleeting infamy became something more. Shortly after the sex tape leaked she signed up the entire family for their eponymous reality show, which premiered that same year. KUWTK is currently in its 17th season, and she remains the executive producer.

She also operates as the family momager – a nickname she likes so much she trademarked it – taking a percentage cut of her children’s earnings whenever she negotiates their deals. 

While at 30million her social media presence is a fraction of her daughters, Kris also occasionally scores endorsement deals of her own, including a Fendi campaign with Kim and her daughter, North West. 

According to the website CelebrityNetWorth she is worth around $90million, however if she negotiated Kylie’s Coty deal, it will mean a huge payday.

Khloe Kardashian; Estimated net worth $40million 

Along with the family reality show, and endorsement deals, Khloe has her own clothing line, Good America, which is sold in department stores and online.  

Kourtney Kardashian; Estimated net worth $35million

The bulk of Kourtney’s income comes from the family reality show, and endorsement deals. She is currently promoting her Diamond fragrance line with sisters Kim and Khloe. 

The mother-of-three’s net worth is estimated at  $35million, according to Money.

Caitlyn Jenner; Estimated net worth $100million

Famous first as an Olympian, Caitlyn for years received a pay check for appearing on KUWTK. 

Since divorcing Kris Jenner, she has left the money-spinning show, and come out as a trans woman. She paid her bills with her own spinoff chronicling her life as a trans woman, and released a tell-all autobiography.

She currently stars on the British reality show I’m A Celebrity Get Me Out Of Here for which she is being paid $648,000, according to The Sun newspaper. 

Her net worth is estimated at $100million.

TV role: Caitlyn Jenner is currently appearing on British reality show  I’m A Celebrity

Kendall Jenner; Estimated net worth $30million 

Like her sisters Kendall cuts a paycheck from Keeping Up With The Kardashians. 

However she combines this role with life as a high fashion model.

Last year she was the world’s highest-paid model for the second year in a row, according to Forbes, making $22.5million in 2018 alone. Money estimates her worth at $30million.

High fashion: Kendall Jenner walks the runway in Rome last month

Rob Kardashian; Estimated net worth $10million

It will come as no surprise that Rob is the least wealthy of his siblings. Still, with an estimated net worth of $10million, the single dad is still a wealthy man.

Rob made his money by appearing on Keeping Up With The Kardashians and his short lived spinoff show. He stepped back from KUWTK last year, now making only occasional appearances for which he is thought to be paid $50,000 an episode. He also has a sock company, Arthur George.


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