Sunday, December 5, 2021

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Forbes Says Kim Kardashian is Officially a Billionaire

Kim Kardashian is now a billionaire.

Forbes announced this today in a post in which shared the latest World’s Billionaires list, citing her two major businesses, KKW Beauty and Skims, as well as cash from “Keeping Up With the Kardashians” and endorsement deals.

Kardashian’s worth increased from $780 million in October to $1 billion.

It is also worthy to notes that she launched KKW Beauty in 2017 following the success of half-sister Kylie Jenner’s makeup company, Kylie Cosmetics.

“It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner,” Kardashian told Forbes in 2017, when she announced her cosmetics line.

Page Six adds:

Kardashian, 40, went on to sell 20 percent of KKW Beauty to Coty for $200 million, which put the value of her company at $1 billion.

She launched shapewear company Skims in 2019 and pivoted it to include loungewear during the pandemic when women started leaning into cozier clothing while being quarantined. She holds a majority stake in the company, which hasn’t disclosed its revenues, Forbes reported.

Congratulations to her!

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