According to Forbes magazine, Kim Kardashian West is officially a millionaire.
According to Forbes, reality check stars have joined Elon Musk and Jeff Bezos, largely thanks to her clothing company Skims and her cosmetics brand KKW Beauty.
The magazine estimates Cardassian West’s net worth from $ 780 million (£ 506 million) to $ 1 billion (£ 723 million) in October.
According to Forbes, her business, as well as the remaining wealth at the age of 40, comes from her television career and endorsement deals.
According to Forbes, Kardashian West founded KKW Beauty in 2017. Following the success of Kylie Cosmetics, she sought inspiration from her half-sister Kylie Jenner.
Both businesses rely heavily on their siblings’ vast social media followers.
Kardashian West, who unveiled her cosmetics line in 2017, told Forbes:
Last year, Kardashian West sold 20% of KKW Beauty to cosmetics giant Coty for $ 200 million (£ 144 million), valuing the business as $ 1 billion.
However, Forbes said the numbers could bloat because Koti is known for overpayment, and the remaining 72% stake in Kardashian West is worth about $ 500 million (£ 361 million). Said there is.
Her investment in shapeware company Skims is valued by the magazine as “conservative” at $ 225 million (£ 162 million).
According to Forbes, Kardashian West’s cash, investments and real estate will bring her net worth to $ 1 billion.
The star-named show, Kardashian Family Fuss, is airing in its final series, but the family has already signed a global content deal with US streaming service Hulu.
Kardashian West is not the first member of her family to be named a millionaire by Forbes.
23-year-old Kylie, who was said to be a millionaire in a magazine, was accused of being stripped of her title last May and adding value to her business.
Kardashian West’s divorced husband, Kanye West, is said to have joined the exclusive club last year, largely due to his Yeezy shoe business.
Kardashian West filed for divorce in February because of irreconcilable differences.
Kim Kardashian West officially joins the billionaire club, according to Forbes
Source link Kim Kardashian West officially joins the billionaire club, according to Forbes