Back in 2020, we got you news of Kylie Jenner’s billionaire status. She was crowned as the youngest self-made billionaire by Forbes, only to be dethroned of the status later. However, in keeping the pride going within the family, we now have details on Kim Kardashian entering the very elite billionaire bandwagon. Yes, that’s right!
According to Forbes’s latest report, the celebrity is worth $1 billion -after rising from $780 million in October last year. Her bank balance surge is mainly credited to “two lucrative businesses” – cosmetics company KKW Beauty and shapewear company Skims.
Forbes estimates Kardashian’s stake in Skims at a conservative $225 million, while that in KKW beauty (70%) at about $500 million. She is also said to have raked in $200 million after selling 20% of the cosmetic company’s share to Coty in 2020. The remainder of her net worth comes from reality television and endorsement deals and several smaller investments.
Commenting on the evaluation criteria for the ‘World’s Billionaire List,’ Forbes commented, “We value a variety of assets, including private companies, real estate, art, and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes.”
Good going, Kim K!