Sharing the news with his fans on June 29, 'Ye celebrated the Keep Up with the Kardashians star who's KKW Beauty empire was acquired by beauty chain Coty for a 20 percent stake for $200 million, which now values her cosmetics and fragrance business at a staggering $1 billion, according to People. Other photos showed off a party in a barn, featuring the rest of Kim and Kanye's kids, 4-year-old Saint, 2-year-old Chicago, and 1-year-old Psalm West.
Kris Jenner officially has a new favourite daughter as Kim Kardashian has reportedly reached billionaire status, overtaking Kylie Jenner who was dethroned earlier this month.
The couple was briefly joined by some of their family members, including Kylie Jenner and Kourtney and Khloé Kardashian, but it appears that they have since returned to California. "You've weathered the craziest storms and now God is shining on you and our family".
"So blessed this is still life".
"You guys, I dyed my hair red. I love you to your alien planet and back!"
It will see Coty take "overall responsibility" for the brand's skincare, haircare, personal care and nail products, they said in a statement.
"The deal is for a long-term strategic partnership to launch products in new beauty categories and expand across the globe from top to bottom", TMZ reported on Monday.
Though it's possible Forbes hasn't been fully updated on Kim's income yet, the Kardashian-Jenner family has a history of feuding with the publication over their wealth.
"This relationship will allow me to focus on the creative elements that I'm so passionate about while benefiting from the incredible resources of Coty, and launching my products around the world", she continued.