Kim Kardashian is making sure to pad her wallet. The Keeping Up With the Kardashians star just landed a $200 million deal with Coty. In a business agreement finalized on Tuesday, January 5, the 40-year-old sold 20 percent of her KKW Beauty company to Coty.
The deal was first announced in June 2019. Around that time, it was announced that Kylie Jenner was a self-made billionaire. However, the title was taken away a year later. Instead, Kim is making more money than her younger sister.
Her company expanded by launching a skincare line that’s scheduled for a 2022 release. Kim and her team will continue to be the creative visionaries behind the brand as Coty focuses on product development. This deal allows them to collaborate on hair care, nail products, and personal care.
Kim Kardashian lands $200 million deal
Per ET Online, Kim Kardashian made the biggest business deal of her life. She released a press release to the outlet, in which she talked about her visions for her brand. The reality star seems excited about the deal. It allows her to express her creative side.
“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,” Kim said in the press release. “This relationship will allow me to lead the development of the creative elements that I specialize in while benefitting from the incredible resources of an established company like Coty.”
Kim will also financially benefit from this deal. She earned a cool $200 million. She’s the second member of the family to sign a deal with Coty. In November 2019, Kylie Jenner sold 51 percent of her Kylie Cosmetics and Kylie Skins brands to the company for $600 million. This sale, along with her endorsements, landed Kylie on Forbes’ list of highest-earning celebrities in 2020.
KUWTK star hires superstar lawyer
She’s going to need the dough if the divorce rumors are true. TV Shows Ace previously reported about Kim Kardashian and Kanye West living separate lives. Earlier today, new rumors about the troubled couple came out. And now, Kim has hired a divorce lawyer to help her out.
She’s reportedly getting ready to divorce the rapper. According to Page Six, Kim hired powerhouse attorney Laura Wesser to represent her in her rumored split from Kanye. Insiders told the outlet that while Kim wants to keep the divorce “low-key,” she is “done” with their marriage. Their “divorce is imminent” in the near future.
The reality star hasn’t been seen with her wedding ring, especially in her recent Instagram posts. Meanwhile, the 43-year-old Yeezy designer hid out at his Wyoming ranch during the holidays. Fans noticed that he didn’t appear in any of Kim’s photos and videos from the Kardashian Christmas Eve celebration.
The source claims that Kim used this time to reflect on her marriage. In the past, she would defend Kanye and help him with his mental health issues. But now she wants to move forward with the divorce. She has “grown up a lot” and is “serious about taking the bar and becoming a lawyer.”
There are a lot of causes close to Kim’s heart that she wants to work on. As for Kanye, he still hopes to run for president again come 2024. But “she’s just had enough of it,” the insider added. The “Jesus is King” music producer is “completely over the entire family,” which is why he wasn’t present in any of their photos from Lake Tahoe. He even finds their reality show “unbearable.”
What do you think? Is a Kimye divorce in the future? Sound off below in the comments.
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