Kim Kardashian Officially Named A BillionaireNkafu 237 | 07.04.2021 | 0 | Trending , World
Kim Kardashian has joined the ranks of Jeff Bezos, Elon Musk, Mark Zukerberg and other notable moguls as she has been officially named a billionaire by Forbes. Kim Kardashian Officially Named A Billionaire
Forbes released its yearly World Billionaire list this Tuesday, April 6, 2021, which names Kim Kardashian a billionaire for the first time ever. According to Forbes, Kim Kardashian is now worth $1 billion, up from $780 million in October 2020.
Forbes primarily credits Kim Kardashian’s wealth to two main lucrative businesses, cosmetics company KKW Beauty and shapewear company Skims. These of course come to add to her television show and other endorsement deals.
Kim Kardashian launched KKW Beauty in 2017. According to Forbes, her remaining stake in the business is worth about $500 million as COTY acquired a 20% stake in the business in 2020.
Kim Kardashian’s other business venture, Skims which was launched in 2019 is a collection of figure-hugging shapewear and bodysuits. According to Forbes, she has a major stake in the business, which hasn’t disclosed revenue, though a source told Forbes the business is worth $500 million. Kim Kardashian Officially Named A Billionaire
Kim Kardashian is not the first member of the Kardashians to be named a millionaire. Her 23-year-old younger sister, Kylie Jenner, was the first in 2018 when she was named the youngest self-made billionaire in history at the age of 21. However, Forbes later said it no longer believed Kylie was a billionaire. The magazine said it reviewed financial data released by Coty Inc, which bought a 51 percent stake in Jenner’s Kylie Cosmetics company in November 2019, thus, making Kylie’s business to become significantly smaller. Kim Kardashian Officially Named A Billionaire
Kim Kardashian’s husband, Kanye West, was also named a billionaire by Forbes in April 2020. It has been reported that the 43-year-old rapper’s Yeezy brand is now valued between $3.2 billion and $4.7 billion, bringing his total worth to an estimated $6.6 million, per outlet. Kim Kardashian Officially Named A Billionaire