Celebrity Kim Kardashian West has officially become a billionaire – informs “Forbes” on the occasion of the publication of its latest ranking of the richest people in the world. The Kardashian’s fortune is estimated at around one billion dollars.
Kim Kardashian officially a billionaire. For the first time in the “Forbes” ranking
Thus, Kim Kardashian made it to the global Forbes ranking for the first time. Her assets, estimated at $ 1 billion, are primarily shares in two businesses: KKW Beauty and Skims.
The former is a beauty brand created by Kim Kardashian. KKW Beauty has existed since 2017. As “Forbes” describes, Kardashian thus copied the business of her younger sister Kylie Jenner, who founded Kylie Cosmetics.
The Kardashian brand was quickly successful. When the first batch of 300,000 went on sale makeup kits sold out in two hours. In 2018, this business already generated $ 100 million. revenues. In 2020, the Coty concern bought 20 percent. shares in KKW Beauty for $ 200 million, which valued the company at $ 1 billion. Although, according to Forbes, Coty has overpaid a bit for a stake in this business, as well as for part of the Kylie Kosmetics brand.
Skims is a clothing brand created by Kim Kardashian. In addition, the celebrity released its mobile game on the market, downloaded about 45 million times, which translated into revenues of $ 160 million. – although of this amount the celebrity earned, according to estimates, “only” 51 million dollars.
Forbes emphasizes that Kardashian West’s assets also include cash and other assets. In February, it was announced that Kim Kardashian is divorcing her husband, rapper Kanye West, who is recognized as a billionaire in April 2020.