Kim Kardashian is honored after Kanye West revealed her billionaire status, following a $200 million deal between KKW Beauty and Coty. But, what’s most important to her is the lesson it will teach her four kids someday.
Kim Kardashian couldn’t be more proud to have reached billionaire status — let alone be recognized for her business and financial smarts. But, she has husband Kanye West to do all the bragging for her. Kim, 39, is especially of her latest accomplishment because it comes with lessons she could pass onto the couple’s four kids: daughters North and Chicago, and sons Saint and Psalm. On June 29, Kanye, 43, tweeted that Kim is officially a billionaire after she sold a 20% stake in her KKW Beauty brand to Coty for $200 million.
“It’s a huge accomplishment for Kim and something that she absolutely deserves,” a source close to the SKIMS founder told HollywoodLife, exclusive. “Her work ethic is astounding, right from day one. When she first started to get opportunities, she always went above and beyond and just pushed herself,” the insider said, noting, “It’s not something she’s going around bragging about but Kanye brags for her, which is sweet. He’s in awe of Kim and says she’s superhuman because she can do everything at the highest level.”
Kim Kardashian and Kanye West. (Photo credit: SplashNews)
A separate source close to Kim agreed with the latter and explained how hard Kim has worked to achieve her many successes. ”Kim’s success is based on hard work and it’s great that her hard work is being highlighted, even when it comes to it being recognized financially,” the second source said. “She is proud of what she has achieved because it shows her kids that if you put your mind and ability to something the rewards are endless. To teach that to her kids is the ultimate takeaway from her fortune.”
Kim Kardashian and Kanye West out with their oldest of four kids, North West. (Photo credit: SplashNews)
Kim made headlines over new billionaire status after news that she sold a 20% stake in her KKW Beauty empire to Coty for $200 million on June 29. Kanye was the first to reveal the news, having congratulated his wife in a heartfelt tweet. Coty is the same company that Kim’s younger sister, Kylie Jenner also struck a deal with in 2019 — when she sold 50% of Kylie Cosmetics to the multinational company. Though, the mother of one will still oversee all creative direction within her cosmetics company, with the help of momager Kris Jenner, of course.