Kylie Jenner may be ready to make her biggest money move yet!
The 21-year-old is reportedly courting a massive investment deal with Coty Inc., which owns the likes of O.P.I., Rimmel London, and Covergirl, to sell them a chunk of the Kylie Cosmetics empire.
Related: Kris Jenner & ‘Kylie Billionaire Jenner’ Feud Over Office In ‘KUWTK’ Preview!
According to WWD, the young mogul may be in talks with the industry giant to sell a stake of 51 percent or higher of her business, reportedly quoting a minimum of $600 million for the deal.
Sources claim a number of potential partnerships have been explored in the past, but nothing has actually been finalized as of yet.
Ky’s uber successful business — which currently includes cosmetics and skincare, but could be expanding into baby products in the near future — earned her the title of “youngest self-made billionaire” by Forbes in March.
In her cover story, Stormi Webster‘s momma spoke about her massive net worth:
“I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.”
Sure you didn’t…
Forbes credits the launch of Kylie Cosmetics in Ulta stores nationwide with being the final push over the edge from being a millionaire to billionaire status, but the Keeping Up With the Kardashians star says the power of social media is to thank:
“I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked. It’s the power of social media. I had such a strong reach before I was able to start anything.”
However, there’s been a lot of push back from critics that the youngest KarJenner isn’t actually self-made because of her upbringing, especially compared to the millionaires and billionaires that had none of the luxuries of her childhood.
As we reported, the lip kit queen defended her crown to Interview Germany:
“There’s really no other word to use other than self-made because that is the truth. That is the category that I fall under. Although, I am a special case because before I started Kylie Cosmetics, I had a huge platform and lots of fans. I did not get money from my parents past the age of 15. I used 100% of my own money to start the company, not a dime in my bank account is inherited… and I am very proud of that.”
Self-made or not, this new business move could set Kylie and her famous fam up for life! No more posting about teas on Instagram for them!!
[Image via Andres Otero/WENN.]
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