Kardashians Add a Billionaire

Two companies have helped push eldest daughter's wealth up significantly in months
By Bob Cronin,  Newser Staff
Posted Apr 6, 2021 12:11 PM CDT
Kim Kardashian Hits Billionaire Status
Kim Kardashian West speaks in Pasadena, California, in January 2020.   (Photo by Willy Sanjuan/Invision/AP, File)

In part by following her sister's example, Kim Kardashian has taken her wealth to a new level. Forbes put her on its list of billionaires Tuesday. The success of a couple of her businesses helped balloon her wealth from $780 million in October to an estimated even $1 billion now, per Forbes. She started KKW Beauty in 2017, using social media to market the products, which are sold directly to consumers—as Kylie Jenner does with Kylie Cosmetics. By the next year, Kardashian's revenue was about $100 million. The line was valued at $1 billion last year when she sold 20% to Coty for $200 million. Forbes doesn't buy that valuation but still puts Kardashian's stake at $500 million.

In 2019, Kardashian launched Skims, a shapewear company in which she holds a majority share. Revenue hasn't been disclosed, but Forbes says a $225 million valuation is safe, which lifts her to $1 billion. Her portfolio includes real estate and cash. Income also comes from her family's TV show, Keeping Up With the Kardashians, endorsements, and investments. Forbes took heat a couple of years ago for decreeing Kylie Jenner the youngest self-made billionaire ever, per Page Six. It was pointed out that Jenner had a head start, what with her wealthy family and TV show. "I really didn’t get it," Kardashian said at the time, "because she is 'self-made'—we are all 'self-made.'" Jenner lost her crown when Forbes decided some of her financial information was false. (More Kim Kardashian stories.)

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