Kim Kardashian added a billionaire to her résumé. The cosmetics and shapewear businesswoman who started her career on reality TV series Keeping Up with The Kardashians was first put on Forbes magazine’s list of billionaires in the world on Tuesday.
Forbes estimated the 40-year-old Kardashian is now worth $ 1 billion, up from $ 780 million in October, thanks to two lucrative companies – KKW and Skims – plus cash from reality TV and advertising deals and a series smaller investments. ”
The Forbes estimate means Kardashian is joining her soon-to-be ex-husband Kanye West at the billionaire’s club. Forbes on Tuesday estimated West’s net worth at $ 1.8 billion, largely due to deals with its Yeezy sneaker and clothing line. Kardashian filed for divorce from West, 43, in February citing irreconcilable differences.
However, her half-sister Kylie Jenner has lost her billionaire status, Forbes said on Tuesday. The 23-year-old’s net worth was estimated at around $ 700 million, due to a difficult year selling cosmetics during the coronavirus pandemic and previous overestimates on revenues from Kylie Cosmetics, which is now 51% owned from Coty Inc.
Kardashian founded KKW Beauty in 2017 and promoted and sold the products online, supported by a social media presence with around 213 million Instagram followers. In 2019 she launched the multicolored shapewear line Skims.
Kardashian celebrated Tuesday by posting a photo of herself in a bikini on the beach titled “Bliss” and announcing the launch of the first Skims pop-up shop in a high-end Los Angeles mall.