Kim Kardashian West is now officially a billionaire, joining Jeff Bezos, Elon Musk, and other moguls.
Forbes revealed its annual “World’s Billionaire List” on Tuesday, which placed West on the chart for the first time. Added to her television show and endorsement deals, West’s booming businesses, KKW Beauty and Skims, helped her slip over the billionaire threshold.
Kardashian West launched KKW Beauty in 2017, and Coty (COTY) acquired a 20% stake in the cosmetics line in a $1 billion deal last year. Forbes estimates that her remaining stake is around $500 million.
Skims is her other business, a collection of figure-hugging shapewear and bodysuits. According to Forbes, she holds a majority stake in the private business, though a source says it is valued “north of $500 million.” That means her stake is perhaps worth $225 million, which would make her fortune double.
The Kardashians also own assets in the form of real estate, investments and cash. And even though Kardashian West’s long-running show with E! is about to end, a new content deal with Hulu will keep the TV money flowing.
Not for the first time, the Kardashian-Jenners have made a Forbes list. At 21 years old, Her younger Sister Kylie Jenner was designated by Forbes magazine as the youngest self-made billionaire in history. The argument against Jenner was that she comes from a famous, well-to-do family and cannot be considered self-made.
Kardashian West announced her separation from Kanye West in February, citing irreconcilable differences. According to Forbes, Kanye West’s net worth is reported to be about $6.6 billion, with his apparel businesses considered his largest source of income.
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In the Last 15 years, Olivia Nottebohm is contributing as a news contributor at various News & Media Companies.