Kim Kardashian rakes in $200M from beauty line sale as she lives separate life from husband Kanye West
The Keeping Up With The Kardashians star kicked off KKW Beauty in June of 2017.
Beauty company Coty Inc announced on Tuesday they have wrapped up their acquisition of a 20 percent
ownership interest in Kim’s business for a cool $200m.
The transaction was originally announced this past summer, putting it on schedule to officially launch next year.
In a statement, the 40-year-old said: “I’m so proud of how the KKW brand has grown over the past four years,
and I look forward to working with Coty for the next phase of innovation, advancement, and the ability to bring
new launches to customers all around the world.”
She added: “This relationship will allow me to lead the development of the creative elements that I specialize in,
while benefiting from the incredible resources of an established company like Coty.”
Coty said in a press release that the two forces will join to “focus on entering new beauty categories and global
expansion beyond existing product lines.”
Aside from her beauty line, the mother of four also launched KKW Fragrance in 2017.
And two years later, she also founded SKIMS – a new version of shape-enhancing undergarments.