Though we all know the ins and outs of the entire KarJenner family, it all began with Kim Kardashian West. The reality starlet helped launched herself and her family on the A-list with Keeping Up with the Kardashians. We watched her obsession with money and fam drive her, which eventually led to her becoming one of the most famous women in the world.
While Kardashian West is still extremely popular, the KKW Beauty mogul’s youngest sister, Kylie Jenner has usurped her in fame and notoriety in recent years. After launching Kylie Cosmetics in 2015, Jenner’s fame exploded and with a massive Instagram following and an adorable baby daughter named Stormi, the Life of Kylie star has never been more well-known. With her fame, Jenner’s massive net worth grew. Unfortunately, amid a recent scandal, her status of billionaire has been stripped from her.
Now, it appears that Kardashian West has usurped her little sister’s net worth and she has the numbers to back it up.
Kylie Jenner’s billionaire scandal was humiliating
Since 2018, Jenner has held the title of the “youngest self-made billionaire on the planet.” Though the “self-made” aspect of the title has been highly debated, considering her lavish lifestyle and booming business with Kylie Cosmetics and Kylie Skin, no one questioned her net worth.
Then, in May 2020, Forbes published a shocking article stripping Jenner of her billionaire status. The investigative piece titled, “Inside Kylie Jenner’s Web Of Lies — And Why She’s No Longer a Billionaire” claims that Jenner and her mother, Kris Jenner, fabricated tax documents and lied about the size of the beauty company. “Kylie’s business is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and media outlets,” Forbes reported.
Forbes has estimated that Jenner’s true net worth to just under $900 million which is still super close to being a billionaire.
Inside Kim Kardashian West’s $1 billion deal for KKW Beauty
Until recently, Kardashian West has enjoyed a massive net worth of $350 million. However, she just signed a deal to sell a 20% stake in KKW Beauty to Coty, a beauty conglomerate that also owns Kylie Cosmetics. According to Forbes, the deal is worth, $200 million bringing the value of KKW Beauty at $1 billion. She owns a 72% stake in the company.
This has also increased the starlet’s net worth exponentially to $900 million. “Kim is a true modern-day global icon,” said Coty chairman and CEO Peter Harf in a statement. “This influence, combined with Coty’s leadership and deep expertise in prestige beauty will allow us to achieve the full potential of her brands.”
Kim Kardashian West is now worth more than Kylie Jenner, but she’s not a billionaire
With her new deal, Kardashian West is now worth just slightly more than her younger sister Jenner. However, despite her husband, Kanye West’s bizarre congratulatory Twitter post on the starlet becoming a billionaire, that’s not quite accurate.
“I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” the rapper, 43, tweeted along with a photo of some vegetables and flowers. “You’ve weathered the craziest storms and now God is shining on you and our family. So blessed this is still life. So I made you this still life. We love you so much.”
Though the tribute was certainly sweet, Kardashian West is not a billionaire, at least not yet.