Well, it seems that even if Kylie is a liar liar makeup empire on fire, Kim might be coming u from behind to be the real billionaire in the Kardashian/Jenner Klan. Via TMZ:
Kim Kardashian's brand was just launched into another stratosphere of riches -- hitting the billion-dollar mark ... courtesy of a new deal with a very familiar beauty investor.
Here's the scoop ... Kim's beauty business -- with a range of products from makeup to fragrances -- just received a massive influx of cash from cosmetic conglomerate Coty Inc., which forked out $200 million for a 20% stake in KKW's biz.
Do the math and it all adds up -- Coty valued Kim's co. at $1 BILLION.
We're told the deal is for a longterm strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom.
Our sources say Coty act as a licensee for skin, hair, personal and nail products.
Holy Kow - we wonder if this new development is going to cause a little competitive nature to arise in the KUTWK team... hmmm....
