According to Forbes, who declared her appearance in their Globe’s Billionaires list, Kim Kardashian has formally reached billionaire position for the very first time.
Kim’s two hugely profitable companies, KKW Beauty and Skims, as well as profits from Maintaining up with the Kardashians, property investment, and numerous endorsement money, were mentioned by the report as factors for her rising wealth.
It arrives recently after Kanye West, who is reportedly in divorce process with Kim, was named the wealthiest black person in the United States, with a total wealth of £4.7 billion. Kylie Jenner, Kim’s half-sister, was named Forbes’ youngest self-made billionaire for the second season in a row in April.
Kim’s total wealth has reportedly increased from $780 million to $1 billion since October, according to Forbes.
Since its release in 2017, KKW Beauty has reportedly brought in about $100 million a year, and when Kim sold 20 percent of her ownership interest to beauty business Coty for $200 million, the valuation of her fashion company was estimated to be worth $1 billion.
Kim debuted her shapewear brand, Skims, in 2019, and it has since seen a slew of profitable collaborations and new models. In the wake of the Coronavirus contagion and shutdown last year, Skims shifted to cosy activewear and compatible collections, while the’sculpting bra’ and ‘Fits Everyone range’ have become the brand’s most virtual tour achievements.
According to Forbes, Kim owns the majority stake in the company, which has yet to reveal its sales. Her stake in the company is estimated to be worth around $225 million.
In 2016, Kim was appeared on the front page of Forbes for the very first time. “Not bad for a girl with no talent,” she reportedly said during the talk.