Kim Kardashian Became a Billionaire According to Forbes

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.

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