Yup, it’s official.
Forbes has reported that the 40-year-old is officially a billionaire thanks to her make-up brand KKWbeauty and her shapewear brand, Skims.
According to Forbes, Kardashian’s net worth was $780 million in October last year. But it increased to $1 billion because of her make-up and shapewear business, plus other small investments, endorsements, and money from her hit reality television show Keeping Up With The Kardashians.
Forbes further states that Kardashian’s remaining 72 per cent stake in KKW Beauty is worth around $500 million after selling 20 per cent of the brand to Cody for $200 million.
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KKW beauty is up in ranks with her sister Kylie Jenner’s cosmetics line that cells lipsticks, perfumes, contour kits, and much more.
The mogul also owns a majority stake in Skims, which was launched in 2019. The brand, which is now loungewear centered, is roughly worth $225 million by Forbes estimates.
Since 2012, Kardashian – who is number 2,674 on the list – has earned up to $10 million from her work on her reality show and her highly sought-after mobile game Kim Kardashian Hollywood.
Kardashian is also a stockholder of Netflix, Amazon, Adidas in Disney, which were gifted to her by her now estranged husband Kanye West in 2017. She’s also the owner of three Calabasas properties.
So, yeah, it’s pretty safe to say that Kim is doing very well for herself.
Additionally, her billionaire status doesn’t account for her wealth in her marriage, which is now coming to an end. Kardashian filed for divorce after nearly six years of marriage. Kardashian and West share for children together- North, seven, Saint, five, Chicago, three, and one-year-old Psalm.
Kardashian’s younger sister Kylie Jenner was declared the world’s youngest self-made billionaire back in 2019 after her cosmetics line was valued at $900 million. Embarrassingly, Forbes ended up retracting their claim the following year and accused Jenner of creating tax returns that were most likely forged and lying about her wealth.
Despite all of that, it’s unlikely that the rest of the family is struggling to keep up with one of the most famous members, even if they aren’t in the billionaire club with Jeff Bezos or Bill Gates at the moment.