DESPITE Kanye West calling his wife Kim Kardashian a billionaire recently, she might not have reached that status just yet.
The Keeping Up With the Kardashians star, 39, recently sold part of her KKW Beauty line, but Forbes doesn’t think that’s put her over the billionaire threshold.
Forbes claims Kim Kardashian isn’t a billionaire, despite her husband Kanye West saying she is [/caption]
Coty just purchased a 20 percent stake in Kim’s make-up company, which she founded in 2017, for $200 million in a deal that values her company at $1 billion.
After the sale, the reality star’s rapper husband, who just released his new track Wash Us in the Blood with Travis Scott, took to Twitter to share his excitement about his wife’s deal and her alleged new billionaire status.
Kanye wrote: ”I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire.
“You’ve weathered the craziest storms and now God is shining on you and our family.
The 43-year-old father continued: ”So blessed this is still life… We love you so much.”
The comment was accompanied by a photograph of a green tomato, pink rose, cherry tomato, purple basil sprig, red nasturtium and a cape gooseberry husk.
According to Forbes, though, the mother of four — to daughter North, who just celebrated her 7th birthday, son Saint, 4, daughter Chicago, 2, and son Psalm, 1 — isn’t a billionaire yet.
The company estimates Kim’s net worth is closer to $900 million.
North just rang in her 7th birthday with a big family celebration[/caption]
They suggested that KKW Beauty’s “sky-high” billion-dollar valuation likely has more to do with its social media presence than actual revenues.
This comes after the same outlet claimed Kim’s sister Kylie Jenner lied about being a billionaire last year, which was when Forbes put her on their cover and said she was a “self-made billionaire.”
Forbes published a scathing report in May reevaluating Kylie‘s alleged worth – and said her net worth’s not as high as they were originally led to believe, even after she sold a 51 percent stake in Kylie Cosmetics to Coty.
Kim’s net worth being called into question comes after Forbes claimed her sister Kylie Jenner lied about being a billionaire last year[/caption]
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The outlet called into question her tax returns and claimed she “inflated the size and success of her business for years.”
The report read: “A more realistic accounting of her personal fortune puts it at just under $900 million, despite the headlines surrounding the Coty deal that seemed to confirm her billionaire status.”