Kim Kardashian officially became a billionaire
The American TV star has a $ 1 billion fortune from her makeup and body-shaping clothing businesses, KKW Beauty and Skims, according to Forbes' new annual ranking.
American television star Kim Kardashian made a fortune of $ 1 billion thanks to her makeup and body-shaping clothing businesses, KKW Beauty and Skims, Forbes magazine reported. The publication, which makes lists of the richest people in the world, indicated that the most famous of the Kardashian sisters, 40, debuted in the billionaire ranking also thanks to the income derived from her advertising deals and investments in real estate.
In October 2020, Forbes had estimated that the capital of the reality star "Keeping Up With The Kardashians" amounted to 780 million dollars and since then she has increased her fortune to the round figure of 1 billion dollars.
The media created KKW Beauty in 2017 following in the footsteps of her stepsister Kylie Jenner and last year she sold 20% to the Coty cosmetics conglomerate for about $ 200 million. The magazine estimates that the remaining 72% stake is about $ 500 million, while Skims's is about $ 225 million.
"This is the first time that I have stopped having licensing agreements and become an owner," Kardashian West told Forbes in 2017, when she announced her cosmetics line.
Every year since 2012, she has made at least $ 10 million, by Forbes tally, thanks to “Keeping Up With the Kardashians” paychecks and endorsement deals. She also has three properties in Calabasas, northwest of Los Angeles, and a top-tier investment portfolio, including Disney, Amazon, Netflix and Adidas stocks that her future ex-husband Kanye West gifted her for Christmas in 2017.
Kardashian also has cash assets, investments, and real estate. And although the clan's long-running show on channel E! is about to end, the new agreement with Hulu to create content will allow him to continue to increase her bank account.
A minor celebrity when "Keeping Up With the Kardashians" launched in October 2007, Kim Kardashian became a global star thanks to this reality show, on which she built an empire with the help of her mother, Kris Jenner. She has over 200 million followers on her Instagram profile.
Kardashian West filed for divorce in February from the rapper and father of her four children, Kanye West, citing irreconcilable differences, after months of speculation about a possible separation. A red carpet and parade attraction, “Kimye,” as the powerful couple was nicknamed, was a rallying cry at any event she attended.
The musician had already joined Forbes' prestigious list of billionaires in April 2020, with an estimated $ 1.8 billion fortune generated by his Yeezy sneaker business and his music career.
She is not the first member of the Kardashian clan to be recognized by the publication, as in 2019 her stepsister Kylie Jenner was named the youngest “self-made” billionaire in the world thanks to her Kylie Cosmetics business, although the title was rectified. shortly after, and Forbes clarified that some figures were inflated.
