Forbes Just Debunked Kanye West's Claims That Kim Kardashian Is Now A Billionaire And The Whole Thing Is Very Awkward

    Kanye made the claim after Kim's beauty company was valued at $1 billion after she sold a 20% stake to cosmetics giant, Coty.

    I'm sure you're aware that Kim Kardashian is rich AF.

    Angela Weiss / AFP / Getty Images

    The reality star and business mogul — who's currently the mastermind behind makeup and shapewear lines — has been hustling since 2007, and it appeared to pay off big time earlier this week.

    Michael Buckner / Getty Images

    On Monday it was announced that Kim had sold a 20% stake in her company, KKW Beauty, to cosmetics giant Coty for $200 million.

    The deal — which was announced just five months after Kylie Jenner sold a 51% stake of Kylie Cosmetics to the same brand — saw KKW Beauty valued at $1 billion.

    And people were quick to hear the news and run with the idea that Kim was now a billionaire.

    One of those people was her husband, Kanye West, who hopped onto Twitter to publicly congratulate her with a photo of some tomatoes.

    Jean-baptiste Lacroix / Getty Images

    "I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire," he wrote. "You've weathered the craziest storms and now God is shining on you and our family."

    I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire You’ve weathered the craziest storms and now God is shining on you and our family So blessed this is still life So I made you this still life We love you so much

    And Kim appeared to endorse the sentiment by liking the tweet.

    However, Forbes has now debunked Kanye's claims that Kim is a billionaire.

    E!

    The business publication has estimated that the Coty deal will actually leave Kim with a 72% stake in the company, while Kris Jenner will own 8%. They also valued her worth at $900 million.

    Christopher Polk / Getty Images

    Forbes' revised estimates of Kim's worth comes less than two months after they publicly stripped Kylie Jenner of the billionaire status they controversially awarded her in 2019.

    Frazer Harrison / Getty Images

    The publication accused Kylie of fabricating her wealth, and estimated that she was actually worth $900 million.

    Kylie, however, strenuously denied the claims on Twitter.

    what am i even waking up to. i thought this was a reputable site.. all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period

    “even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT they were forged? like actually what am i reading.

    but okay 🤍 i am blessed beyond my years, i have a beautiful daughter, and a successful business and i’m doing perfectly fine.

    Ellie Woodward is Celebrity and Entertainment Editor for BuzzFeed UK and is based in London.

    Contact Ellie Woodward at ellie.woodward@buzzfeed.com.

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