Thursday, October 21, 2021
NewsKim Kardashian is officially a billionaire, her net worth reach $1 billion

Kim Kardashian is officially a billionaire, her net worth reach $1 billion

Kim Kardashian reportedly joins billionaire status, Forbes estimate her current net worth which reach $1 billion.

Kim has finally joined fellow sister, Kylie Jenner, who she made a billionaire status past two years.

According to the magazine, her net wealth estimated based on her brands, her net worth in October last year was $780 million.

She made her current status through her brands KKW Beauty, Skims, and other investiments.

KKW Beauty was bringing in about $100 mil annually since its launch in 2017 — and when Kim sold 20% of her ownership stake in the company to beauty conglomerate Coty, that put a tidy sum of $200 mil in her back pocket.

Her SKIMS — which hasn’t disclosed its financials, per Forbes, but the mag still pegs her ownership stake at around $225 million.

A source familiar with Skims told Forbes about a transaction that values the shapewear company north of $500 million. As a result, Forbes estimates her Skims stake is worth a conservative $225 million, enough to lift her fortune to $1 billion.

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