Here’s a look at what’s at stake. Have tips? Prior to Forbes, I wrote about media, food and education for the New York Observer, and about the New York shopping scene for Racked. You may now refer to Kim Kardashian as a billionaire. Kim Kardashian West is selling a 20% stake in her cosmetics company, resulting in a major cash out. As she tweeted the day she made the cover of Forbes, mocking the criticism she’s received for years: “Not bad for a girl with no talent.”, I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. The deals helped boost Kim’s fortunes, sink Kylie’s and created a huge windfall for their “momager,” Kris Jenner. The rest of Kardashian West’s fortune sits in cash and investments, including real estate. (She now has 69.6 million Twitter followers and 213 million followers on Instagram.) Now, she officially joins the World’s Billionaires list for the first time. But Here’s What Would Be. © 2021 Forbes Media LLC. By 2018, the business had expanded into eyeshadows, concealers, lipsticks and fragrances, and was bringing in about $100 million in revenue. The Forbes estimate means Kardashian joins her soon-to-be ex-husband Kanye West in the billionaire's club. Every year since 2012, she has earned at least $10 million pretax, by Forbes’ count, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals and endeavors like the aforementioned mobile game and her now-defunct Kimoji app. She launched Skims in 2019, an inclusive shapewear brand that raised $5 million from VC firm Imaginary Ventures. Her first launch, 300,000 contour kits, sold out within two hours. I cover the intersection of Hollywood and money. Kim Kardashian has been added to the Forbes billionaire list thanks to her businesses and investments. Forbes announced its annual billionaires list and production powerhouse Tyler Perry features on it along with Kim Kardashian and husband Kanye West who are currently in the middle of a divorce. What Kim Kardashian, Kanye West divorce means for their $2.1 billion fortune February 19, 2021, 5:56 p.m. Yahoo Finance's Alexandra Canal breaks down the money at stake in Kim Kardashian and Kanye West's divorce. The couple have four children. 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Forbes estimates that Kardashian West is now worth $1 billion, up from $780 million in October, thanks to two lucrative businesses—KKW Beauty and Skims—as well as cash from reality television and endorsement deals, and a number of smaller investments. © 2021 Forbes Media LLC. Kardashian West also has a majority stake in her shapewear brand Skims, which is valued at $500 million. There’s Absolutely Nothing Heroic About Kim Kardashian West’s Facebook Freeze. As a result, Forbes estimates her Skims stake is worth a conservative $225 million, enough to lift her fortune to $1 billion. Forbes estimates that she’s worth $900 million. When my reporting isn't taking me to. Kardashian West founded KKW Beauty in 2017, following the success of her half-sister Kylie Jenner’s Kylie Cosmetics. Kardashian West owns a majority stake in closely-held Skims, which hasn’t disclosed its revenues. Kim Kardashian‘s KKW Beauty, Skims, as well as cash from “KUWTK” and endorsement deals, and several smaller investments are really paying off. © 2021 Forbes Media LLC. In February 2021, Kardashian filed for divorce from husband Kanye West. This is what billionaires do, apparently. The sisters sold stakes in their respective makeup businesses to Coty Cosmetics this past year. After years of business dealing from Kimoji to KKW Beauty, Kim Kardashian West is officially a billionaire. The reality star is the latest celebrity to offer up face masks for sale. Too bad it's far from a meaningful sacrifice on her part. In 2020, she sold 20% of the company to Coty for $200 million. According to Forbes, Kim Kardashian West is officially worth $1 billion, joining the ranks of some of the richest people in the world.. Forbes estimates her majority stake is worth a conservative $225 million. She borrowed from Kylie’s playbook, using a similar direct-to-consumer model that relies heavily on social media marketing. Five years later, she graced the cover of Forbes thanks to her booming mobile game, which helped her earn $51 million that year. Kim Kardashian has unquestionably given new meaning to turning lemons into lemonade. The reality star joined Forbes' 2021 list of the world's billionaires. Follow me on Twitter @MadelinePBerg. Kardashian West is an advocate for criminal justice reform, gun safety and cancer causes. All Rights Reserved. Yes, the Kardashians are obscenely rich, we know. Kim Kardashian West is joining the ranks of Jeff Bezos, Elon Musk and other moguls: She is officially a billionaire, according to Forbes, which released its annual "World's Billionaire List" Tuesday. Because the star has put scandal in rearview and driven her way to billionaire status. Between Kanye’s successful shoe brand Yeezy and Kim’s cosmetics line, these two entrepreneurs could have one of Hollywood’s biggest divorces of all time. She cashed in on that ownership last year when she sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million, a deal that valued the company at $1 billion. But it’s the companies that she has launched herself, and grown with the typical Kardashian flare for self-promotion, that land her on the World’s Billionaires list. The rest of Kardashian West’s fortune sits in cash and investments, including real estate. You may opt-out by. Send them to me anonymously at forbes.com/tips, and submit sensitive documents anonymously and securely at SafeSource.forbes.com. She’s also got three properties in Calabasas, northwest of Los Angeles, and a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix and Adidas that her soon-to-be ex-husband Kanye West gifted her for Christmas in 2017. Forbes revealed that Kim Kardashian already had a fortune of some 780 million dollars in October but has grown considerably since then. She partied like it's 2019 on The $2.1 billion couple is divorcing. From a tape to the top. All Rights Reserved. The Leukemia & Lymphoma Society BrandVoice. Then there’s Skims, the shapewear line Kardashian West launched in 2019. Kim Kardashian West is officially a billionaire Kim Kardashian West has been included in Forbes magazine's World's Billionaires list for the first time after she sold part of her KKW Beauty business. Read on for more details about her massive fortune. Kardashian has some of the most-followed social media pages in the world: 67 million on Twitter and 190 million on Instagram. There are other 493 first-time additions to the Forbes list which totals 2,755 billionaires, 660 more than a year ago. As Kim once told Forbes … However, the reality star stayed mum on if she believed Simpson is truly innocent. Kim is 2674th on the list of Forbes Billionaires. (CNN) – Kim Kardashian West is a member of the Forbes billionaire list for the first time. Publication says the entrepreneur and reality TV star is worth $1b thanks to businesses Reality TV star Kim Kardashian can now add billionaire to her long list of accolades. Simpson Murder Trial ‘Tore My Family Apart’ In Rare Admission, Why Kim Kardashian West Is Richer Than Kylie Jenner. Social selling is set to become the biggest shopping channel we've ever seen. She raised money from fashion insiders like Net-a-Porter’s Natalie Massane and Theory’s Andrew Rosen, and capitalized on her massive social media following to shill the brand. I do feel like success is the best revenge. I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. a private island, and the backlash was swift and hilarious. That means her stake is possibly worth $225 million, which is “enough to lift her fortune to $1 billion,” per Forbes. Featuring an overwater spa and wellness concierge, Waldorf Astoria Maldives Ithaafushi – The Private Island opened this week, and offers all the Kim Kardashian West vibes you won’t want to miss. While Forbes estimates that figure is a little bloated—Coty, which also bought 51% of Kylie Cosmetics in 2020, is known for overpaying—her remaining 72% stake is still worth about $500 million, by our count. Less than six months after acquiring a majority stake in Kylie Cosmetics, Coty plans to buy 20% of KKW Beauty at a $1 billion valuation. As well as conquering social media, Kim makes a fortune from her TV show, Keeping Up With The Kardashians. "It’s the first time I've moved away from having licensing deals and transitioned into being an owner," Kardashian West told Forbes in 2017, when she announced her cosmetics line. When Kim Kardashian West was first mentioned in the pages of Forbes in 2011, it was simply a tally of her Twitter followers: 6.6 million, just below Barack Obama and just above Ashton Kutcher. Kardashian West also holds assets in cash, investments and real estate. American reality tv star, Kim Kardashian, is officially a billionaire. Forbes reports her makeup line – KKW beauty – is worth about $500 million on its own. Read on for more details about her massive fortune. The bulk of her wealth comes from her cosmetics and fragrance company KKW Beauty. Social media queen Kardashian West has parlayed reality TV into an actual fortune, selling a mobile game, cosmetics and, now, shapewear. Kim Kardashian West's day-long boycott of Facebook is generating a lot of goodwill. Skims has been quick on its feet: During the pandemic, when consumers became more interested in comfy clothes for the couch than in smoothing their stomachs under evening gowns, she swiftly started turning the focus to loungewear. Social media queen Kardashian West has parlayed reality TV into an actual fortune, selling a mobile game, cosmetics and, now, shapewear. Kanye West's net worth of $6.6B disputed amid news of split with Kim Kardashian (Getty Images) Rapper Kanye West's reported wealth is now under scrutiny, amid prior reports that say he's one of the wealthiest Black people in the county accredited with 6.6 billion dollars worth of wealth. Forbes estimates Kim's fortune to be $900M. The rest of Kardashian West’s fortune sits in cash and investments, including real estate. Here is Forbes’ take on how they’ll likely split the assets. Kim Kardashian has officially become a billionaire, according to Forbes. While the company hasn't disclosed its numbers, Forbes estimates Kim's stake in the company "is worth a conservative $225 million, enough to lift her fortune to $1 billion." Every year since 2012, she has earned at least $10 million pretax, by Forbes’ count, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app, Forbes … Kim Kardashian, 40, has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
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