Kim Kardashian Has Officially Achieved Billionaire Status.
On Tuesday, Forbes announced that Kim Kardashian had officially joined the “World’s Billionaires” list.
They estimate her worth has bubbled in a matter of months from $780 million in October to $1 billion.
Forbes credits her two businesses, KKW Beauty and Skims, as being major contributors to her wealth.
KKW Beauty, which Kardashian founded in 2017, was bringing in about $100 million in revenue in 2018.
She sold 20 percent of the company to Coty in 2020 for $200 million.
Forbes puts Kardashian’s remaining 72 percent stake in the company at about $500 million.
Kardashian founded her shapewear company Skims in 2019.
She hasn’t disclosed the company’s revenues, but an unnamed source reportedly told Forbes that it is worth more than $500 million.
The remaining portion of Kardashian’s fortune sits in endorsement deals and paychecks from ‘Keeping Up With the Kardashians.’.
She also owns multiple real estate properties and has a flourishing investment portfolio.