Kim Kardashian West Is Now a Billionaire

Kim Kardashian West Is Now a Billionaire

Kardashian West, who’s in the course of divorce lawsuits from husband Kanye West, founder her KKW Beauty line in 2017 and since then it has expanded from contour kits to eyeshadow, concealers, lipsticks and fragrances.

She reportedly pulled in $200 million final Twelve months after promoting 20% of KKW Beauty to cosmetics huge Coty in a deal that valued the company at $1 billion, placing her on par with diminutive sister and reported fellow billionaire Kylie Jenner’s mega-a hit Kylie Cosmetics. The journal popular that Kim’s shapewear line Skims — launched in 2019 — blew up at some level of the COVID-19 pandemic when it nimbly shifted from curve-smoothing objects to loungewear as of us settled into carrying their gay garments all day every day.

Even though Skims does no longer pronounce its revenues, an unnamed supply accustomed to its revenues instructed Forbes a few transaction that valued the company at $500 million; Kardashian West is reportedly a majority owner in Skims, with Forbes estimating her stake at around $225 million, which helped enhance her to the $1 billion list.

The comfort of her fortune is reportedly made up of money and investments — together with shares in blue-chip stocks equivalent to Disney, Amazon, Netflix and Adidas reportedly talented to her by ‘Ye in Christmas 2017 — moreover proper property and at least $10 million in pre-tax earnings yearly since 2012 from KUWTK, endorsement affords, cell games and apps.

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