Kim Kardashian S Fortune Hits 900 Million After Selling 20 Stake In Kkw Beauty At 1 Billion Valuation

Let’s talk about today’s news. It was just announced that Kim Kardashian has sold a 20% stake in her cosmetics company KKW Beauty to cosmetics holding company Coty for $200 million. The deal (as you hopefully ascertained) values the company at $1 billion and leaves Kim with a 72% stake. That means Kim received $200 million in a deal that is expected to close in the first quarter of 2021. Her remaining 72% paper stake is worth $720 million. Kim’s mother Kris Jenner is the proud owner of the remaining 8% (worth $80 million pre-tax based on today’s sale). If the name Coty sounds familiar, that’s because it’s the same company that bought 51% of Kylie Cosmetics from Kylie Jenner at a valuation of $1.2 billion back in November. Coty, which also owns brands like Clairol and OPI nail polish, has struggled in recent years with lagging revenue and executive turnover. The European-based company, which is controlled by an investment firm called JAB Ltd., has seen its stock price decimated in recent years. It dropped in half not long after acquiring a dozen cosmetics brand from Procter & Gamble. The stock dropped 70% in the six months after announcing the Kylie Cosmetics acquisition. The stock is up 13% on today’s KKW Beauty news, a market cap increase of roughly $300 million.

Kim Kardashian Net Worth

Prior to today’s sale, we calculated Kim Kardashian’s net worth at $350 million. That included the previously-estimated $200 million pre-tax valuation of KKW. After taking in $200 million from today’s sale, she will add a little over $100 million in post-tax cash to her coffers. After taking taxes and other considerations into account on her remaining $720 million paper stake in KKW Beauty, we estimate Kim Kardashian’s net worth is $900 million today. If that number sounds impressive, bear in mind that her husband Kanye West’s net worth is $3.2 billion according to our most recent estimate. That means the couple is sporting a combined net worth of $4.2 billion. At $900 million, Kim is $300 million richer than little half-sister Kylie Jenner. We reduced Kylie’s net worth to $600 million a month ago after Coty released updated performance results of the Kylie Cosmetics brand. Congratulations to Kim!