A source familiar with Skims told Forbes about a transaction that values the shapewear company north of $500 million. In 2020, she sold 20% of the company to Coty for $200 million. Read on for more details about her massive fortune. The rest of Kardashian West’s fortune sits in cash and investments, including real estate. By 2018, the business had expanded into eyeshadows, concealers, lipsticks and fragrances, and was bringing in about $100 million in revenue. In 2014, she launched mobile game app Kim Kardashian: Hollywood and it made $1.6 million in the first five days after its release. The Forbes estimate means Kardashian joins her soon-to-be ex-husband Kanye West in the billionaire's club. All Rights Reserved. The bulk of her wealth comes from her cosmetics and fragrance company KKW Beauty. She cashed in on that ownership last year when she sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million, a deal that valued the company at $1 billion. 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The Leukemia & Lymphoma Society BrandVoice, Kim Kardashian West Is Officially A Billionaire, Inside The Assets Of The Kim Kardashian-Kanye West Divorce, An Inside Look At The Maldivesâ Latest And Most Luxurious Private Island Resort, Hereâs How Much Money Is At Stake In A Kim Kardashian-Kanye West Divorce, Kim Kardashian West Receives A Hologram Of Her Late Father, As A Birthday Gift, How Vacation Shaming Kim Kardashian West Became Twitterâs Favorite New Meme, Kim Kardashian West Reminds Everyone Of How Wealthy She Is, Accidentally Sparks A Meme, Kim Kardashian West Says O.J. I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. When my reporting isn't taking me to. In February 2021, Kardashian filed for divorce from husband Kanye West. Kim Kardashian has unquestionably given new meaning to turning lemons into lemonade. Follow me on Twitter @MadelinePBerg. Kim is 2674th on the list of Forbes Billionaires. The $2.1 billion couple is divorcing. Every year since 2012, she has earned at least $10 million pretax, by Forbes’ count, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals and endeavors like the aforementioned mobile game and her now-defunct Kimoji app. As well as conquering social media, Kim makes a fortune from her TV show, Keeping Up With The Kardashians. Kardashian West also holds assets in cash, investments and real estate. What Kim Kardashian, Kanye West divorce means for their $2.1 billion fortune February 19, 2021, 5:56 p.m. Yahoo Finance's Alexandra Canal breaks down the money at stake in Kim Kardashian and Kanye West's divorce. Forbes announced its annual billionaires list and production powerhouse Tyler Perry features on it along with Kim Kardashian and husband Kanye West who are currently in the middle of a divorce. Kim Kardashian West's day-long boycott of Facebook is generating a lot of goodwill. Publication says the entrepreneur and reality TV star is worth $1b thanks to businesses Reality TV star Kim Kardashian can now add billionaire to her long list of accolades. Kim Kardashian has officially become a billionaire, according to Forbes. The couple have four children. You may now refer to Kim Kardashian as a billionaire. When my reporting isn't taking me to Hollywood restaurants and Atlanta's movie lots, I'm writing about the world's richest, including billionaires and self-made women entrepreneurs. With KKW Beauty and popular shapewear firm Skims, Kardashian Westâs net worth increases to $1 billion, earning her a spot on Forbesâ Worldâs Billionaires List. Social media queen Kardashian West has parlayed reality TV into an actual fortune, selling a mobile game, cosmetics and, now, shapewear. a private island, and the backlash was swift and hilarious. Yes, the Kardashians are obscenely rich, we know. Five years later, she graced the cover of Forbes thanks to her booming mobile game, which helped her earn $51 million that year. Kim Kardashian West is officially a billionaire Kim Kardashian West has been included in Forbes magazine's World's Billionaires list for the first time after she sold part of her KKW Beauty business. When Kim Kardashian West was first mentioned in the pages of Forbes in 2011, it was simply a tally of her Twitter followers: 6.6 million, just below Barack Obama and just above Ashton Kutcher. Kardashian has some of the most-followed social media pages in the world: 67 million on Twitter and 190 million on Instagram. The rest of Kardashian Westâs fortune sits in cash and investments, including real estate. As she tweeted the day she made the cover of Forbes, mocking the criticism she’s received for years: “Not bad for a girl with no talent.”, I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. Forbes estimates that Kardashian West is now worth $1 billion, up from $780 million in October, thanks to two lucrative businesses—KKW Beauty and Skims—as well as cash from reality television and endorsement deals, and a number of smaller investments. However, the reality star stayed mum on if she believed Simpson is truly innocent. But it’s the companies that she has launched herself, and grown with the typical Kardashian flare for self-promotion, that land her on the World’s Billionaires list. Kardashian West is an advocate for criminal justice reform, gun safety and cancer causes. There are other 493 first-time additions to the Forbes list which totals 2,755 billionaires, 660 more than a year ago. Forbes estimates that sheâs worth $900 million. The reality star is the latest celebrity to offer up face masks for sale. While the company hasn't disclosed its numbers, Forbes estimates Kim's stake in the company "is worth a conservative $225 million, enough to lift her fortune to $1 billion." While Forbes estimates that figure is a little bloated—Coty, which also bought 51% of Kylie Cosmetics in 2020, is known for overpaying—her remaining 72% stake is still worth about $500 million, by our count. Kanye West's net worth of $6.6B disputed amid news of split with Kim Kardashian (Getty Images) Rapper Kanye West's reported wealth is now under scrutiny, amid prior reports that say he's one of the wealthiest Black people in the county accredited with 6.6 billion dollars worth of wealth. Now, she officially joins the World’s Billionaires list for the first time. She raised money from fashion insiders like Net-a-Porter’s Natalie Massane and Theory’s Andrew Rosen, and capitalized on her massive social media following to shill the brand. Kardashian West owns a majority stake in closely-held Skims, which hasn’t disclosed its revenues. Because the star has put scandal in rearview and driven her way to billionaire status. Kim Kardashianâs KKW Beauty, Skims, as well as cash from âKUWTKâ and endorsement deals, and several smaller investments are really paying off. © 2021 Forbes Media LLC. You may now refer to Kim Kardashian as a billionaire. Kim Kardashian has been added to the Forbes billionaire list thanks to her businesses and investments. After years of business dealing from Kimoji to KKW Beauty, Kim Kardashian West is officially a billionaire. Then there’s Skims, the shapewear line Kardashian West launched in 2019. I do feel like success is the best revenge. You may opt-out by. Simpson Murder Trial âTore My Family Apartâ In Rare Admission, Why Kim Kardashian West Is Richer Than Kylie Jenner. Kim also has an investment portfolio stocked with blue chip stocks, some of which were gifted by her soon-to-be ex-husband, Kanye West. (She now has 69.6 million Twitter followers and 213 million followers on Instagram.) As a result, Forbes estimates her Skims stake is worth a conservative $225 million, enough to lift her fortune to $1 billion. Featuring an overwater spa and wellness concierge, Waldorf Astoria Maldives Ithaafushi â The Private Island opened this week, and offers all the Kim Kardashian West vibes you wonât want to miss. Her first launch, 300,000 contour kits, sold out within two hours. I cover the intersection of Hollywood and money. The sisters sold stakes in their respective makeup businesses to Coty Cosmetics this past year. Less than six months after acquiring a majority stake in Kylie Cosmetics, Coty plans to buy 20% of KKW Beauty at a $1 billion valuation. All Rights Reserved. Kardashian West also has a majority stake in her shapewear brand Skims, which is valued at $500 million. Between Kanyeâs successful shoe brand Yeezy and Kimâs cosmetics line, these two entrepreneurs could have one of Hollywoodâs biggest divorces of all time. As Kim once told Forbes ⦠Forbes revealed that Kim Kardashian already had a fortune of some 780 million dollars in October but has grown considerably since then. The rest of Kardashian Westâs fortune sits in cash and investments, including real estate. Kardashian West founded KKW Beauty in 2017, following the success of her half-sister Kylie Jenner’s Kylie Cosmetics. She’s also got three properties in Calabasas, northwest of Los Angeles, and a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix and Adidas that her soon-to-be ex-husband Kanye West gifted her for Christmas in 2017. The deals helped boost Kimâs fortunes, sink Kylieâs and created a huge windfall for their âmomager,â Kris Jenner. She partied like it's 2019 on Read on for more details about her massive fortune. "It’s the first time I've moved away from having licensing deals and transitioned into being an owner," Kardashian West told Forbes in 2017, when she announced her cosmetics line. © 2021 Forbes Media LLC. © 2021 Forbes Media LLC. Kim Kardashian West is selling a 20% stake in her cosmetics company, resulting in a major cash out. American reality tv star, Kim Kardashian, is officially a billionaire. This is what billionaires do, apparently. Every year since 2012, she has earned at least $10 million pretax, by Forbesâ count, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app, Forbes ⦠All Rights Reserved, This is a BETA experience. Have tips? The reality star joined Forbes' 2021 list of the world's billionaires. That means her stake is possibly worth $225 million, which is âenough to lift her fortune to $1 billion,â per Forbes. Skims has been quick on its feet: During the pandemic, when consumers became more interested in comfy clothes for the couch than in smoothing their stomachs under evening gowns, she swiftly started turning the focus to loungewear. 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 Kardashian West is joining the ranks of Jeff Bezos, Elon Musk and other moguls: She is officially a billionaire, according to Forbes, which released its annual "World's Billionaire List" Tuesday. Hereâs a look at whatâs at stake. Prior to Forbes, I wrote about media, food and education for the New York Observer, and about the New York shopping scene for Racked. From a tape to the top. Forbes estimates Kim's fortune to be $900M. Thereâs Absolutely Nothing Heroic About Kim Kardashian Westâs Facebook Freeze. Forbes estimates her majority stake is worth a conservative $225 million. Social media queen Kardashian West has parlayed reality TV into an actual fortune, selling a mobile game, cosmetics and, now, shapewear. She borrowed from Kylie’s playbook, using a similar direct-to-consumer model that relies heavily on social media marketing. Here is Forbesâ take on how theyâll likely split the assets. Forbes reports her makeup line â KKW beauty â is worth about $500 million on its own. She launched shapewear brand Skims in 2019. But Hereâs What Would Be. The Leukemia & Lymphoma Society BrandVoice. According to Forbes, Kim Kardashian West is officially worth $1 billion, joining the ranks of some of the richest people in the world.. Send them to me anonymously at forbes.com/tips, and submit sensitive documents anonymously and securely at SafeSource.forbes.com. The reality star joined Forbes' 2021 list of the world's billionaires. Social selling is set to become the biggest shopping channel we've ever seen. Too bad it's far from a meaningful sacrifice on her part. (CNN) â Kim Kardashian West is a member of the Forbes billionaire list for the first time. She launched Skims in 2019, an inclusive shapewear brand that raised $5 million from VC firm Imaginary Ventures.
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