Home Luxury Lifestyle Kim Kardashian joins the billionaire membership club

Kim Kardashian joins the billionaire membership club

Kim Kardashian; Image credit: AFP

Kim Kardashian West is now a billionaire. The reality TV star saw her net worth rise from $ 780 million last October to $ 1 billion this month, according to the Forbes report. Her two main sources of income are cosmetics and clothing: KKW Beauty and Skims. In addition to his personal adventure activities, Kardashian West also makes millions of dollars from participating in reality TV shows, Keep up with The Kardashians, various endorsement transactions, investments and assets.

First launched in 2017 and following in the footsteps of his sister, Kylie Jenner’s Kylie Cosmetics, KKW Beauty of Kardashian West also uses a direct-to-consumer (DTC) model. Utilizing its massive 213 million Instagram followers, KKW Beauty’s first contour kit sold out in two hours. For the following year, its product line featured a variety of eyeshadow, concealer, lipsticks and perfumes. KKW Beauty’s success caught the attention of Coty beauty group, which bought a 20% stake for $ 200 million, which valued the company at $ 1 billion. Similarly, Coty also bought a 51% stake in Kylie Cosmetics in 2020.

In terms of their shaping line, Skims, Kardashian West established the company in 2019. Similar to her beauty line, Skims also uses the DTC model. Although the company does not disclose the finances, it is estimated to be worth $ 225 million. That’s not surprising because as much of the world goes into lockdowns, more people are demanding more jewelry, and Skims is quickly starting to manufacture them.

Earlier this year, Kardashian West filed for divorce from her husband, Kanye West, citing irreconcilable differences. Her ex-fiancé donated shares of Disney, Amazon, Netflix and Adidas, which helped bring her net worth to the billion dollar mark.

If you’ve completed this article, check out our section above 10 richest women in the world.



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