Following the sale of her company to L’Oréal, makeup mogul Toni Ko spent five years and roughly $10 million turning two Los Angeles homes into a compound
When NYX Professional Makeup founder Toni Ko sold her company to L’Oréal in 2014, the bank wire hit her account on July 30th. The price: an estimated $400 million to $500 million, according to Fulvio Cazzol, analyst for Berenberg Capital Markets. But it wasn’t like winning the lottery, said Ms. Ko, 46.
“I earned that money. I spent my life on that company,” said Ms. Ko, who, like L’Oréal, declined to disclose the terms of the sale. Once the deal was done, she fell into a six-month long depression, she said.
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