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6th December 2022
WORLD NEWS

Kim Kardashian’s Net Worth Hit $1bn- Forbes Reports

Kim Kardashian's Net Worth Hit $1bn- Forbes Reports
Kim Kardashian's Net Worth Hit $1bn- Forbes Reports

Kim Kardashian’s net worth has reached the $1billion mark, and now officially a billionaire after Forbes announced her inclusion on the World’s Billionaires list for the first time on Tuesday.

According to the reports, Kim Kardashian’s net worth hit the $1billion mark after Forbes cited her two lucrative businesses, KKW Beauty and Skims, as well as cash from “Keeping Up With the Kardashians” and endorsement deals.

Kim Kardashian’s net worth increased from $780 million in October to $1 billion.

The E! reality star launched KKW Beauty in 2017 after seeing the success of half-sister Kylie Jenner’s makeup company, Kylie Cosmetics.

“It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner,” Kardashian told Forbes in 2017, when she announced her cosmetics line.

Kardashian, 40, went on to sell 20 percent of KKW Beauty to Coty for $200 million, which put the value of her company at $1 billion.

She launched shapewear company Skims in 2019 and pivoted it to include loungewear during the pandemic when women started leaning into cozier clothing while being quarantined. She holds a majority stake in the company, which hasn’t disclosed its revenues, Forbes reported.

When she first landed the cover of Forbes for the first time, she quipped, “Not bad for a girl with no talent.”

According to Forbes, the rest of Kardashian West’s fortune sits in cash and investments, including real estate. 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’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. 

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

She now joins her half-sister, Kylie Jenner and ex-husband, Kanye West as billionaires.

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