Photo: @ @ kimkardashian
Participant reality show “the Family Kardashian” and entrepreneur Kim Kardashian West has become a dollar billionaire through their own cosmetic brand. It is reported portal TMZ.
According to the newspaper, the celebrity has sold 20 percent of the brand KKW Beauty of the Franco-American cosmetic giant Coty for 200 million dollars (13.8 billion rubles). So Coty has estimated the full cost of the brand Kardashian in one billion dollars (about 69 billion rubles).
“Long-term cooperation with Coty would allow me to produce more new and interesting products to sell them worldwide,” commented an entrepreneur.
The journalists added that Kardashian has sold only one-fifth of his company, therefore it remains the chief Director of the brand and will continue to choose his strategy. In addition, it is noted that the celebrity and her team for several months discussed the details, before to sign the agreement with Coty.
Cosmetic brand KKW Beauty was founded in June 2017. It is known that in the first day sales of revenue stamps, amounted to $ 14 million (979 million).
In November 2019 the youngest sister of Kim Kardashian Kylie Jenner has also sold a controlling stake in his company Kylie Cosmetics, namely 51 percent, the cosmetics manufacturer Coty for $ 600 million. Kylie manages Coty Cosmetics in General, and Jenner is involved in creativity and communications.
Video, photo All from Russia.