Topline
Khaby Lame, the 25-year-old Italian content creator known for his tight-lipped comedy skits, has sold his company Step Distinctive Limited, which manages his global brand and commercial activities, to Rich Sparkle, a publicly traded holding company based in Hong Kong, in a transaction valued at $975 million, according to a public SEC filing.
TAORMINA, ITALY – JUNE 28: Khaby Lame attends the 69th Taormina Film Festival on June 28, 2023 in Taormina, Italy. (Photo by Daniele Venturelli/Getty Images)
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Key Facts
The deal will be conducted “by way of issuance of 75,000,000 Ordinary Shares” of Rich Sparkle, according to the filing.
Khaby Lame’s fan-based commercialization could generate more than $4 billion in annual sales, according to a press release by Rich Sparkle Holdings.
This is a developing story and will be updated.
Source: https://www.forbes.com/sites/martinadilicosa/2026/01/27/tiktok-star-khaby-lame-sells-his-core-company-in-deal-worth-975-million/
