Kim Kardashian West is formally a billionaire. Forbes introduced her inclusion on the World’s Billionaires checklist for the primary time Tuesday, citing her two profitable companies, KKW Magnificence and Skims, in addition to money from “Conserving Up With the Kardashians” and endorsement offers.
Kardashian’s price elevated from $780 million in October to $1 billion.
The E! actuality star launched KKW Magnificence in 2017 after seeing the success of half-sister Kylie Jenner’s make-up firm, Kylie Cosmetics.
“It’s the primary time I’ve moved absent from having licensing offers and transitioned into being an proprietor,” Kardashian informed Forbes in 2017, when she introduced her cosmetics line.
Kim Kardashian West, 40, went on to promote 20 % of KKW Magnificence to Coty for $200 million, which put the worth of her firm at $1 billion.
She launched shapewear firm Skims in 2019 and pivoted it to incorporate loungewear throughout the pandemic when girls began leaning into cozier clothes whereas being quarantined. She holds a majority stake within the firm, which hasn’t disclosed its revenues, Forbes reported.
When she landed the quilt of Forbes for the primary time, she quipped, “Not unhealthy for a woman with no expertise.”
The Forbes billionaires checklist confronted drama when it named Jenner, now 23, because the youngest self-made billionaire. Critics blasted the “self-made” title, as Jenner had grown up within the already rich Kardashian-Jenner household.
“I actually didn’t get it, as a result of she is ‘self-made’ — we’re all ‘self-made.’ What, as a result of we got here from a household that has had success? To me, that doesn’t actually make sense,” Kim Kardashian West defended Jenner. “… I do know so many individuals like that [who] haven’t turned out to be as profitable as Kylie. If something, I’ve seen the exact opposite.”
After together with her on its checklist, Forbes launched a report claiming she had faked her technique to billionaire standing because of bogus tax returns. The publication ended up yanking the title from Jenner.
Forbes estimated that Jenner was really price just below $900 million in Could 2020 — a 12 months after bestowing on her the youngest billionaire title at age 21.