Kim Kardashian has officially become a billionaire; she is on the Forbes 2021 list of world billionaires. Nearly five years after her first Forbes cover, West received another accolade on Tuesday, April 6 when she became one of Forbes’ 2021 billionaires, alongside Jeff Bezos, Elon Musk, Bill Gates, Miuccia Prada and Oprah Winfrey.
With this new ranking from the magazine, Kim is now valued at $1 billion. She owes her new success in part to cosmetics brand KKW and the launch of SKIMS in 2019.
Kim Kardashian Giant Concerts
Kim Kardashian began her career as a stylist and television presenter. In 2017, following the success of her half-sister Kylie Jenner, she founded Kylie Cosmetics, KKW Beauty. She took inspiration from Kylie’s playbook and used a similar direct-to-consumer model that utilizes social media marketing. It first launched 300,000 contour kits, which sold out in two hours.
In 2018, the company expanded into eyeshadow, concealer, lipstick and perfume, resulting in $100 million in sales.
In 2017, the Keeping Up With the Kardashians star told Forbes that this was the first time she stopped taking licensing deals and became an owner herself.
Last year, she took ownership when she sold 20 percent of beauty brand KKW to cosmetics company Coty for $200 million. The deal valued the company at $1 billion. At the same time, Forbes believes that this figure is a bit exaggerated, since Coty, which also bought Kylie Cosmetics in 2020, is known for overpaying. The remaining 72 percent of the brand is still worth about $500 million, according to Forbes.
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– SOS/CTS/HH (@SoapOperaSpy) 7. April 2021
Kim Kardashian – Skimming Line
SKIMS is a mold line that will be introduced in 2019. Kim Kardashian has raised money from people like Natalie Massain and Andrew Rosen. She used her many social media contacts to create a brand. She currently has 69.9 million followers on Twitter and 213 million followers on Instagram.
As consumers switched to comfortable clothing during the pandemic, Kim SKIMS refocused on loafing. The 40-year-old mother owns most of SKIMS, whose earnings were not disclosed. A source told Forbes about the deal, which values the shapewear brand at $500 million. Based on this information, Forbes estimates that SKIMS has a conservative valuation of $225 million, which is enough to make her a billionaire.
The former Kanye has investment properties in
The rest of the Kardashian star’s net worth consists of cash and investments, including real estate. Forbes estimates that she has made at least $10 million a year before taxes since 2012. This was made possible by salaries received from Kardashian endorsement deals, as well as other ventures, such as a mobile game and the now defunct Kimoji app. She owns three properties in Calabasas, Los Angeles, and numerous blue chip investments, including shares in Disney, Amazon, Netflix and Adidas, which she gave to her soon-to-be ex-husband for Christmas 2017.
Although West has not yet publicly announced her new billionaire status, she is not alone in her family, as her soon-to-be ex-husband is even higher on the list with $1.8 billion in assets.
frequently asked questions
Is Kim Kardashian the billionaire of 2020?
Kim Kardashian West is officially a billionaire. With KKW Beauty and the popular beauty company Skims, Kardashian West has reached a net worth of $1 billion, putting her on the Forbes list of global billionaires.
How can Kim Kardashian be a billionaire?
Kim Kardashian has officially become a billionaire, according to Forbes. According to the magazine, the 40-year-old reality star’s fortune has dropped from $780 million (£564 million) in October to $123 million (£723 million) this month. His fortune is mainly linked to two of his companies: the form brand Skims and the cosmetics company KKW Beauty.
Is Kim Kardashian a self-proclaimed billionaire?
Forbes declared Kim Kardashian West a billionaire for the first time on Tuesday. … The mother of four and soon-to-be ex-wife of Kanye West is ranked #2,674 on Forbes’ 2021 billionaire list and #24 on the October list of the richest independent women in America.
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