Kim Kardashian, 40, follows in little sister Kylie’s footsteps to be named a billionaire by Forbes after growing her business empire with shapewear line Skims amid divorce from Kanye West
- Kim is 2674th on the list of Forbes Billionaires which is the largest it has ever been
- Her net worth is now estimated at $1bn; she has a $221m stake in Skims and other businesses including KKW Beauty and KKW Fragrance
- In January 2020, she sold a 20% stake in KKW Beauty to Coty for $200m
- Amazon founder Jeff Bezos remains the richest man in the world with a net worth of $177 billion
- Tesla founder Elon Musk is second with a net worth of $151 billion
Kim Kardashian, 40, has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
Kim is 2674th on the list of Forbes Billionaires which is the largest it has ever been.
Despite the global pandemic wreaking havoc on lower-earning classes, billionaires fared better than ever over the last 12 months.
Amazon founder Jeff Bezos remains the richest man in the world with a net worth of $177 billion. Tesla founder Elon Musk is second with a net worth of $151 billion.
Kim Kardashian has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
Kim is shown promoting Skims, left, and her beauty brand KKW Beauty, right.
Kim’s net worth is now $1billion after growing her business empire over the last few years with her shapewear line Skims.
She has a $225million stake in Skims and in January last year, sold 20 percent of KKW Beauty to Coty for $200million.
Kyle Jenner, Kim’s 23-year-old sister, was named the youngest self-made billionaire in 2018 aged 21. She too has a beauty brand
Kim’s career began as a socialite and celebrity stylist before she and her family became reality TV stars thanks in part to a sex tape she made with the rapper Ray J.
She and the rest of the family have since capitalized on the fame to build a behemoth brand.
Her business portfolio includes KKW Beauty, KKW Fragrance, Skims, personalized emojis called Kimojis and a virtual reality game based on her life.
She also earns enormous sums through social media endorsements and has profited from ad campaigns in the past.
Kim launched Skims in 2019 with $5million in funding from VC firm Imaginary Ventures.
She is the third person in her family to earn billionaire status.
Kylie Jenner, her 23-year-old sister, was the first in 2018 when, aged 21, she was named the youngest self-made billionaire in history. She earned her fortune through her own make-up empire, Kylie Cosmetics, which she promoted entirely on social media.
Kim’s billionaire status comes amid her looming divorce from rapper Kanye West. Forbes declared him a billionaire last April after he pleaded with them for months to look at his financials
Last April, Kanye West was named a billionaire by Forbes – largely the most trustworthy media authority on who gets the name – after pleading with them for months to look at his financials.
He said they’d snubbed him repeatedly for years, leaving him off of the annual April list, because of his race.
He showed them financial records from his enormously successful sneaker and clothes line, Yeezy, which backed up his status.
It’s unclear how their respective fortunes will be divided in their divorce, but it is more than likely the pair signed a pre-nuptial agreement when they got married in 2014.
At the time, Kim was yet to launch her beauty and fragrance brands.
Kanye’s Yeezy show, a partnership with Adidas, was released in 2015, a year after the pair got married.
He had already made millions through his music career.
Source: Read Full Article