Kim Kardashian is said to be looking at billionaire status after agreeing to sell a 20% stake in her brand KKW Beauty to Coty.The $200m (£160m) deal, set to close later this year, will value her brand at $1bn (£800m) according to its terms, say BBC.The reality TV star said the collaboration will allow her space to get creative and help launch her products globally.She said in a statement: ‘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.’Meanwhile Coty added that the company will have ‘overall responsibility’ for developing skin, hair and nail products for KKW Beauty.‘Through the relationship each.
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