Kim Kardashian West, recently, made headlines for her relationship with her husband Kanye West. She has filed for a divorce from the rapper and has also asked for joint custody of their four children. However, Kim is making the noise once again. According to Forbes, Kim has officially become a billionaire and has joined the ranks of Jeff Bezos, Elon Musk and other moguls.
Forbes, on Tuesday, released its annual World's Billionaire List. Kim featured on the elite list for the first time. According to the list, Kim's estimated net worth was $780 million in October 2020 and it escalated to a whopping $1 billion now. It is being said that the upward growth in her net worth is largely due to her Skims shapewear and KKW Beauty businesses.
Kim started KKW Beauty in 2017 after the success of her half-sister Kylie Jenner's Kylie Cosmetics. Her first launch, that is 300,000 contour kits, were reportedly sold out in merely 2 hours. Till 2018, KKW beauty introduced eyeshadows, concealers, lipsticks and fragrances. According to Forbes, Kim's stake in KKW Beauty is around $500 million.
On the other hand, Kim launched Skims, a shapewear line, in 2019. Reportedly, she raised money from fashion insiders like Net-a-Porter’s Natalie Massane and Theory’s Andrew Rosen. It is being said that she capitalised on her huge social media following too. As per Forbes, Kim's stake in Skims is around $225 million.
(Source: Forbes)
