Kim Kardashian (39) is not a billionaire, after all, says business magazine Forbes now. The reality star was welcomed to the billionaire club this week by hubby Kanye West (43) after she sold shares of her beauty company. With that, her assets were estimated a lot higher, but that doesn’t seem to be entirely correct.
“I am so proud of my beautiful wife, Kim Kardashian-West, because she has officially become a billionaire. You have endured the craziest storms, and now the light of God shines on you and our family,” Kanye explained in his text.
He also added a photo of a homemade ‘still life’ of flowers and fruit for the occasion. “We love you,” Kanye said.
On Monday, the American cosmetics company Coty took an interest in KKW Beauty, Kim’s make-up company. The company bought 20 percent of the shares for an amount of 200 million dollars.
The shares then put the value of the company at 1 billion dollars, but that does not make Kardashian a billionaire. Its shareholders’ equity was estimated at around 350 million dollars.
Kanye West itself does belong to the list with a capital of 1 billion dollars, partly thanks to lucrative business deals with Adidas and recently Gap, among others.