Los Angeles, California – Kylie Jenner and her mom, Kris, have reportedly turned to Amazon mogul Jeff Bezos in a bid to regain control of Kylie Cosmetics.
Per a new report from Page Six, the 28-year-old reality star isn’t happy with Coty – the company that took a controlling stake in her beauty empire in 2019.
Insiders claim Kylie and Kris believe that Kylie Cosmetics has not “been handled right,” and they now want someone else to buy out Coty.
Enter Jeff Bezos: the Kar-Jenner clan has become increasingly close with the billionaire, and they now believe that he could be the right fit to purchase Coty and help them buy back their controlling stake in Kyle Cosmetics.
Elon Musk’s father seeks Russian refuge for white South African farmers
Coty paid $600 million for their 51% piece of the pie in 2019, but “informal discussions” about Kylie potentially buying it back were reportedly held just a few years later.
The Kardashians star launched Kylie Cosmetics in 2015 – when she was just 17 years old – and the massive success of its signature “Lip Kits” helped propel Kylie to become what Forbes called the youngest “self-made” billionaire.
If Jeff does get involved, it wouldn’t be his only celebrity-helmed business partnership: he has invested in actor Sydney Sweeney’s new lingerie line, SYRN, which debuted earlier this year.
