Forbes have come out to say that reports that Kim Kardashian is now a billionaire after selling 20 percent stake of her beauty line to American multinational beauty company, COTY, are false.

This is coming after Kanye West congratulated his wife on her new wealth status today.

According to Forbes, Kim Kardashian is currently worth about $900million after inking the deal with Coty Inc, and she currently has a 72 percent stake in the company now (majority ownership), while her mother Kris Jenner owns an 8 percent stake.

Forbes added that the deal values KKW Beauty at $1 billion, but she is not a member of the Billionaire’s club yet.

What do you think?

Kimberly Kardashian West (née Kimberly Noel Kardashian; born October 21, 1980) is an American media personality, socialite, model, businesswoman, and actress. Kardashian first gained media attention as a friend and stylist of Paris Hilton but received wider notice after a 2002 sex tape, Kim Kardashian, Superstar, with her then-boyfriend Ray J was released in 2007.

Later that year, she and her family began to appear in the E! reality television series Keeping Up with the Kardashians (2007–present). Its success soon led to the creation of spin-offs including Kourtney and Kim Take New York (2011–2012) and Kourtney and Kim Take Miami (2009–2013).

Kim Kardashian was born on October 21, 1980, in Los Angeles, California, the daughter of Robert and Kris (née Houghton). She has an older sister, Kourtney, a younger sister, Khloé, and a younger brother, Rob. Their mother is of Dutch, English, Irish, and Scottish ancestry, while their father was a third-generation Armenian-American.

After their parents divorced in 1991, her mother married again that year, to Caitlyn Jenner, the 1976 Summer Olympics decathlon winner. Through their marriage, Kim Kardashian gained step-brothers Burton “Burt”, Brandon, and Brody; step-sister Casey; and half-sisters Kendall and Kylie Jenner.