'Forbes' Clarifies That Kim Kardashian Isn't A Billionaire After Kanye West's Bizarre Still Life Post On Twitter

msn.com:

Forbes has debunked Kanye West’s claims that Kim Kardashian is a billionaire, weeks after revoking Kylie Jenner's billionaire title.On Wednesday, the father-of-four tweeted that he was ‘so proud’ of his wife for ‘becoming a billionaire’ after news broke that she had sold a 20 per cent stake in her beauty brand, KKW Beauty, for $200m (£162m) to Coty Inc.The financial publication had previously stated that the business deal values KKW Beauty at $1bn after just three years in operation.

It estimates that the beauty mogul has a 72 per cent stake in the company, while her ‘momager’ Kris Jenner holds an eight per cent stake.As a result, Kardashian’s net worth is estimated to be around the $900m (£721m) mark, so while she might be rolling in cash,.