Kim Kardashian West is oficially a billionaire now
According to Forbes, the American media personality, socialite, model, businesswoman, producer, and actress Kim Kardashian is oficially a billionaire now and her numbers are steadily increasing.
Kim apperead in the Forbes self-made women for the first time in 2018, with an estimated net worth of $350 million, and 3 years after that, she is oficially joining the billion-dollars club, having almost triplicated her net worth in this short time period.
As of April 2021, she has an estimated net worth of $1 billion dollars and most of her net worth is in assets and very profitable businessess as KKW Beauty and Skims. She founded the KKW Beauty brand in 2017 after seeing the success of her younger half-sister Kylie Jenner (Kylie Cosmetics) on the cosmetic business.
Kardashian West and her brand KKW Beauty (Image: L’Officiel)
She sold 20% of KKW Beauty to the beauty conglomerate Coty for $200 million, valuing the company at $1 billion, but forbes believes that this number is a little bit inflated and believes that here remaining stake at the company is worth about $500 million.
The rest of her net worth is in cash, investments and real estate, according to forbes, since 2012, Kim has cashed at least $10 million from her investments. Most of this cash comes from her mobile game, the tv series Keeping Up with the Kardashians, some mobile apps, shares at companies like Disney and Amazon, and endorsement deals.
This news are coming almost a month after Kanye West reached $6.6 billion in net worth and became the richest black man in US history.
With information: Forbes