Kim Kardashian officially declared a BILLIONAIRE by Forbes as she preps for $2B divorce from ex Kanye West
KIM Kardashian has officially been declared a billionaire – as she prepares for her $2billion divorce from Kanye West.
The KUWTK star, 40, has been afforded the title by business magazine Forbes thanks to her two businesses, KKW Beauty and SKIMS.
Kim‘s wealth is also thanks to “cash from reality television and endorsement deals, and a number of smaller investments”.
The mother-of-four’s fortune is up from $780million last October when it was last valued by the publication.
Kim launched KKW Beauty in 2017, expanding quickly from contour kits to eyeshadows, concealers, lipsticks and fragrances.
A year later, she was reportedly bringing in about $100million in revenue.
Kim sold 20 per cent of KKW Beauty Coty in 2020 in a $200million deal, which valued the company at $2billion.
Due to this figure, Kim’s 72 per cent stake in the company is thought to be worth about $500million.
Elsewhere, Kim launched her shapewear line SKIMS in 2019 owns a majority stake in the company, which hasn’t revealed its revenue.
A source told Forbes, however, about a transaction that reportedly values the brand at $500million.
The outlet estimates that her stake in the label is worth $225million, which is enough to list her as a billionaire.
Kim has been using her huge social media following – 69.6million Twitter followers and 213million Instagram followers – to promote her line.
She has also been casting her sisters Kylie and Kendall Jenner – who come with their own gargantuan followings – to star in campaigns.