Kim Kardashian West is officially a billionaire. The
40-year-old reality star landed on Forbes' World's Billionaires list for the
first time on Tuesday, with a net worth of $1 billion.
The outlet reports that Kim's monetary worth rose from $780
million in October 2020 to its current $1 billion due to her KKW Beauty and
Skims brands, as well as cash from reality TV and endorsement deals, and other
investments.
Forbes reports that, after Kim sold 20 percent of her beauty
brand to Coty last year for $200 million, her remaining 72 percent KKW Beauty
stake is worth about $500 million. As for Skims, the outlet estimates that the
brand itself is valued at $500 million, while Kim's stake is less than half
that at $225 million.
Kim's remaining monetary worth comes from her Keeping Up
with the Kardashians paychecks, endorsement deals, real estate, investments in
companies including Disney and Netflix, and other various endeavors.
Kim's estranged husband, Kanye West, was also new to the
billionaires list this year, with a net worth of $1.8 billion. His monetary
worth is largely thanks to his Yeezy brand's deals with Adidas and Gap, and his
stake in Skims.
While Forbes has officially welcomed Kim into the
billionaire club now, Kanye claimed she reached that milestone back in June
2020 with KKW Beauty's Coty deal.
By either timeline, Kim is the second member of her family
to reach billionaire status, following her sister, Kylie Jenner's, 51 percent
sale of her Kylie Cosmetics business to Coty for $600 million in 2019.
0 comments:
Post a Comment