Kim Kardashian is officially a billionaire.
Forbes announced on Tuesday (April 6) that the self-made business mogul was added to the World’s Billionaires list for the first time, after her two newest business ventures, KKW Beauty and Skims, added to her wealth.
Along with her make-up line and shapewear company, Kardashian also cashed in money from Keeping Up With the Kardashians, endorsement deals, real estate, and other smaller investments––boosting her wealth from $780 million since last October, to a whopping $1 billion, earning her a spot on the (surprisingly) short list.
Kardashian founded KKW Beauty in 2017, following in her younger sister Kylie Jenner’s footsteps, and has since sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million, which then valued the company at $1 billion. Even then, Kardashian’s remaining stake is still worth more than $500 million.
Then she has Skims, her shapewear company, and Kardashian was quick to meet the demand of her consumers once the pandemic hit: the need for comfy loungewear, which quickly helped boost sales. Though Forbes reports that the revenue for Skims has never been disclosed, they estimate that it’s worth around $500 million and with that, Forbes estimates that Kardashian’s stake would be about $225 million, pushing her entire fortune over the edge to $1 billion.
Like Kim once said in response to the criticism she received for gracing Forbes’ 2016 cover: not bad for a girl with no talent. We can’t wait to see what other business plans she has in store!
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