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Kanye West Praises Kim Kardashian West For ‘Becoming A Billionaire’: ‘So Blessed’

Kanye West Praises Kim Kardashian West For 'Becoming A Billionaire': 'So Blessed'

Kanye West expressed his satisfaction for his spouse Kim Kardashian West on the heels of her newest enterprise deal, which he claims has led to her “officially becoming a billionaire.”

“I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” West tweeted on Monday. “You’ve weathered the craziest storms and now God is shining on you and our family.”

The 43-year-old rapper additionally declared within the tweet “so blessed this is still life / So I made you this still life.” A {photograph} of a the “still life” West created for his spouse was hooked up, that includes numerous meals and flowers.

West’s reward was in response to Kim Kardashian West promoting a 20% stake in her cosmetics firm KKW Beauty to one of many world’s largest magnificence corporations, Coty Inc., for a whopping $200 million.

The deal reportedly values KKW Beauty at $1 billion, however solely makes Kim value about $900 million, per Forbes. 

Kardashian West will nonetheless have an estimated 72% stake within the firm ― mother Kris Jenner reportedly owns 8% — and can, Forbes notes, “remain responsible for creative efforts while Coty will focus on expanding product development outside the realm of color cosmetics.”

“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,” Kardashian West mentioned within the press release for the announcement.

The second eldest Kardashian’s settlement with Coty got here after the corporate acquired a 51% stake in sister Kylie Jenner’s model Kylie Cosmetics in January. 

Jenner allegedly turned the youngest self-made billionaire in March 2019 and had agreed to promote a 51% stake in her model by the top of that yr. The huge $600 million deal ramped up the worth of her enterprise, bringing it to about $1.2 billion.

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Nicholas Barnes

He is the Editor- Special Entertainment at the Newsreaderweb blog. Joshua K. Paul has won several prestigious awards and scholarships as an Entertainment journalist.

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