Kim Kardashian is undoubtedly the Queen of the Kardashian star family. Running her show Keeping Up With Kardashian successfully for more than a decade, she also owns few companies.
View this post on Instagram
We are thrilled to welcome one of the most influential beauty icons to the Coty family: @kimkardashian West! 😍 With Kim’s influence and our deep expertise in prestige beauty we will build a beauty powerhouse and enter new beauty categories together. #Coty #CotyInc #Beauty
She has even out beaten her sister Kylie Jenner and her cosmetics company. This article brings in the details of the deal between Kim Kardashian, Coty and the filed up by the Seed Beauty company.
She owns a billion-dollar worth company :
Kim Kardashian has sold her 20% company share to Coty. Coty has bought in Kim Kardashian’s share for $ 200 million. This clearly shows that she is now worth $ 1 billion. It is amazing to see how she has managed to grow a company to such great heights.
Regarding this long term deal, Kim Kardashian has stated that this new deal will present her all the new directions and freedom to explore into the different cosmetics fields which she used to desire a lot in the past. Even a few reputed companies like Seed Beauty have sued Kim Kardashian and Kylie Jenner companies stating that Kim would see their trade secrets to Coty.
Kylie Jenner majority of the sales :
Kylie Jenner was the youngest entrepreneur to become a billionaire. At such a young age of 21 years, she tasted the glory of being a billionaire. But she was not as smart as Kim as she landed in selling up 51% of her company shares to Coty for $ 600 million.
After the suit raised by the Seed Beauty company that they were the reason behind their success, Kim Kardashian has done a pretty smart work that tough whatever happens, Kim has 80% shares over her company.
So matter what she will be the sole leader over the stakes. Still, the decision of the lawsuit has not yet come. But Kim Kardashian seems to be in a pretty good position right now with all the plans well intact to achieve successfully.