The billionaire rank that Elon Musk, Jeff Bezos, and other modules have also included Kim Kardashian. According to Forbes, Kim Kardashian is now an official Billionaire.
On Tuesday, the official yearly ‘World’s Billionaires list by Forbes got released. In which, for the first time, Kim Kardashian’s name got seen on the elite list.
According to the magazine, Kim Kardashian’s businesses like KKW Beauty and Skims have been booming. The sales achieved from her businesses added with her endorsement deals, and her television show has helped her achieve the billionaire title.
In 207, Kardashian West launched KKW Beauty. Last year Coty obtained a 20% stake in the cosmetics line industry in a deal, ranking the business value to $1 billion. Furthermore, Forbes stated that her remaining business stake is worth around $500 million.
Then she has her other business: Skims, which sells a collection of various hugging shapewear and bodysuits.
According to Forbes, in the private business, she has the majority stake; but the revenue has not gotten disclosed yet. However, a source told Forbes that the company’s value is somewhere around $500 million.
This can mean that her stake is around $225 million, giving her the push she needs to get to $1 billion.
Furthermore, Kardashian west has assets in investments, cash, and real estate. Even though the long-run family show ‘Keeping up with the Kardashians’ is about to end, they have a new deal with Hulu to make content, which will keep the money coming.
Kim Kardashian is not the first one from the Kardashian-Jenner family to be on the Forbes List. There was controversy when Forbes gave her sister Kylie Jenner the title of being the ‘youngest-ever self-made billionaire at the age of 21.’
The argument made by critics was that Kylie Jenner cannot get considered self-made because she comes from a popular and wealthy family.
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Kim Kardashian filed for divorce from her husband Kanye West, in February because of unresolvable differences.
Kanye West has gotten reported to be worth around $6.6 billion, and most of his money has gotten invested in his apparel businesses.