Kylie Jenner Might Be Selling 51% Of Kylie Cosmetics For $600 Million
According to WWD, somebody wants to buy Kylie Jenner’s makeup company Kylie Cosmetics, for more than half a billion dollars. Kris Jenner’s plastic surgeon should expect a call. Because there’s no way she didn’t shatter all the muscles in her face and neck from screaming after she calculated her momager cut of that deal.
The deal is currently just in the rumor stages at the moment, but one “well-placed source” says that Coty, the beauty brand that already owns CoverGirl, OPI, and Rimmel London, is considering buying Kylie Cosmetics for $600 million for a 51-percent stake in the company. I watch a lot of Dragon’s Den, so I know that means Kylie would still be involved in the company and would make tons of money off it, but she’d lose full control of the brand.
$600 million might seem like a lot for makeup with corny names like Kyshadow and Kylighter, but it’s based on the current value of Kylie Cosmetics. Which as we all probably know is in the neighborhood of one billion dollars. Kylie became the world’s youngest self-made billionaire this year after Forbes estimated that Kylie Cosmetics was worth at least $900 million. And now she’s rumored to be pocketing $600 million for the opportunity to work even less. I’m so confused – I just got jealous that I wasn’t born a Kardashian-Jenner. No Allison, stop it! Knowing your luck, you’d end up the Rob of the family, selling boxes of damn socks for $0.99 from a storage unit in Canoga Park.
On the most recent episodes of Who Gives A Crap About The Kardashians, Kylie and Kris have been fighting over space in Kylie’s new office. Kylie just blew a ton of money on a fancy, huge new space for Kylie Cosmetics that Kris weasled her way into and claimed for herself. If Kylie sells Kylie Cosmetics, then it’s safe to assume everyone is moving over to the Coty offices. Someone should warm security to keep their eyes peeled for a sneaky dark-haired woman with artificially-plumped cheeks trying to drag in a desk chair while informing the front desk it should be spelled “Koty.”
Pic: YouTube