On Monday, beauty conglomerate Coty (Coty) announced that it will be purchasing a 20% stake in Kim Kardashian’s cosmetics company KKW Beauty for $200 million — valuing the company at $1 billion.

It’s similar to the expansion of Kylie Cosmetics, which was founded by Kardashian’s younger sister Kylie Jenner back in 2014.

Coty purchased a majority stake in Jenner’s business for $600 million back in November of 2019, which catapulted the company to an impressive $1.2 billion valuation — a figure that’s since been hotly disputed.

As if that weren’t enough to digest, the manufacturer behind Kardashian’s and Jenner’s products Seed Beauty, is now suing Coty and Kylie Cosmetics for the alleged sharing of trade secrets, according to multiple reports.

Besides its recent acquisitions of both KKW Beauty and Kylie Cosmetics, the company announced that former L'Oréal executive and founder of skincare start-up Oreveda Sue Nabi will be taking over as CEO, starting in September 2020.

With Coty’s recent purchase valuing KKW Beauty at $1 billion, many outlets immediately began to refer to Kardashian-West as an official billionaire — with husband Kanye West praising the milestone on Twitter:.

After Coty’s 20% acquisition, Kardashian’s KKW Beauty ownership is estimated to be at 72%, with her mother Kris Jenner owning 8% of the business.

That — coupled with the fact that many believe her company was overvalued due to her large social media presence — sets Kardashian’s net worth at just around $900 million.

It’s also a very similar net worth to sister Kylie Jenner, whose billionaire status was recently revoked amid claims that she overinflated the size of her business, Kylie Cosmetics.