Kim Kardashian is Officially Declared a Billionaire
After Kylie Jenner won - and then lost - the billionaire title , it was time for one more sister to consolidate herself as one of the show business women who hit the billion dollar goal! Kim Kardashian has just joined the prestigious Forbes list and, according to the publication, this is thanks to her “two lucrative businesses, KKW Beauty and Skims, as well as money from reality shows and sponsorship deals, in addition to a series of smaller investments ”.
Kim Kardashian's equity has skyrocketed since October 2020. According to the publication, she had $ 780 million at the time. A powerful growth, given the short time.
It is worth mentioning that when Coty - the same company that bought part of Kylie Cosmetics - made the deal and bought 20% of its beauty brand, KKW Beauty was valued at US $ 1 billion. In total, the conglomerate paid $ 200 million for the acquisition.
Another important factor in the growth of Kim's heritage is his powerful shapewear brand, Skims. According to Forbes, company revenues were not disclosed, however, the publication believes that the participation of the businesswoman is worth US $ 225 million.
Finally, Forbes reveals that another part of its assets is divided between money and investments, ranging from real estate to shares in companies like Disney, Amazon, Netflix and Adidas. Powerful!
