Kim Kardashian is a Billionaire
Kim Kardashian was included on the Forbes World Billionaire list for the first time on Tuesday, according to PageSix.
Her net worth is mainly from her businesses KKW Beauty and Skims but includes cash from “Keeping Up With the Kardashians” and endorsement deals. In October, her net worth was recorded at $780 million, meaning she said almost a 30 percent increase in the past 6 months.
Kim launched KKW Beauty in 2017 after seeing how much success Kylie Cosmetics, owned by her half-sister, was having. “It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner,” Kardashian told Forbes in 2017. Kim recently sold 20 percent of KKW Beauty to Coty for $200 million.
Skims was started as a shapewear company in 2019, but pivoted amid the pandemic to sell loungewear during quarantine. The revenues and valuation of Skims have not been made publicly available.
Regardless, Kim becomes the second member of the family to be listed as a billionaire.