Kylie Jenner is reportedly in talks to sell 51% of her booming makeup company Kylie Cosmetics.
According to WWD, the reality TV star is in talks with beauty conglomerate Coty to sell the primary share of her business for $600 million.
Coty currently owns a slew of major beauty brands, including O.P.I., Rimmel London, Max Factor, Wella, Bourjois, GHD and Covergirl.
In the rumoured proposed deal, Kylie would retain some ownership of her beauty business, but would not be the official owner.
Kylie was recently named as the world’s youngest self-made billionaire my Forbes magazine.
“That is the category that I fall under. … I did not get money from my parents past the age of 15,” she told Interview magazine.
“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.”
Kylie recently added another venture to her arsenal, launching skincare brand Kylie Skin.
The range came under scrutiny from consumers and the beauty industry alike after it was launched.