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Kylie Jenner has officially become a billionaire! It was announced earlier today that Kylie would sell the majority stake (51%) in her cosmetic company for $600 million.
Kylie’s brand which also includes Kylie Cosmetics and Kylie Skin will be sold to Coty, which is a global beauty company making cosmetic, skin, fragrance and hair products.
Kylie launched her brands back in 2015 with a line of lipsticks. She currently has the lines for face and skin care.
The deal between Kylie Jenner and Coty will be fully completed in 2020.
Congratulations Kylie!
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