​Khaby Lame’s Alleged $900M Company Sale: Fact or Fiction?

​Khaby Lame, the world’s most-followed TikToker, has reportedly struck a historic deal to sell his primary company, “Step Distinctive Limited,” to the U.S.-listed firm “Rich Sparkle Holdings.” The transaction is estimated to be valued between $900 million and $975 million and was reportedly conducted entirely through a stock-for-stock swap rather than a direct cash payment.

​Clarification & Analysis

​While this news is circulating in some circles, it is important to note that there is no official verification for this claim from credible financial news outlets or regulatory filings. Here is a breakdown of why this report is viewed with skepticism:

​Valuation: A valuation nearing $1 billion would place Khaby’s private entity among the world’s “Unicorn” startups, which contradicts current estimates of his net worth and business structure.

​Entity Verification: Neither “Step Distinctive Limited” nor “Rich Sparkle Holdings” appear in major global stock exchange indices or high-profile merger and acquisition (M&A) databases.

​Payment Method: Describing a massive deal as “all-stock” is often a hallmark of speculative reports, as it avoids the need to prove actual cash flow.