Kim Kardashian West is the richest KarJenner sister, the SKIN founder is joining the ranks of Jeff Bezos, Elon Musk, and other moguls, to become officially a billionaire, according to Forbes.
Forbes magazine released its annual. “World’s Billionaire List” Tuesday. Which placed Kim on the elite list. For the first time. The magazine reported that the KUWTK star’s booming businesses, thanks to KKW Beauty and SKIMS, who helped put her over the top to achieve the billionaire benchmark as well as her reality show and endorsement deals.
The star set up KKW Beauty in 2017, she sold 20% of KKW Beauty to cosmetics conglomerate, Coty, for $200 million last year in a deal that valued the company at $1 billion. The magazine estimates. That Kim’s remaining stake in KKW. Is worth about $500 million.
Kardashian West owns another business, Skims, Forbes said she has a majority stake in the private business, which “hasn’t disclosed its revenues.” However, a source told the magazine the company is valued at “north of $500 million,” which means her stake is possibly worth $225 million, which is “enough to lift her fortune to $1 billion.”
It’s not the first appearance for the Kardashian-Jenner family on a Forbes list. The magazine previously sparked controversy. For crowning her younger sister. Kylie Jenner the youngest-ever self-made billionaire at 21 years old. Critics argued that Kylie can’t be considered self-made because she comes from a rich family.
In February, Kim filed for divorce from her husband Kanye West. Citing irreconcilable differences. Kanye himself is worth a reported $6.6 billion. With the vast majority of his wealth. Tied in his apparel businesses.