Kim Kardashian follows in little sister Kylie’s footsteps to be named a billionaire by Forbes
Kim Kardashian, 40, has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
Kim is 2674th on the list of Forbes Billionaires. Since October, her net worth has increased from $780million to $1billion, according to the magazine.
Despite the global pandemic wreaking havoc on lower-earning classes, billionaires fared better than ever over the last 12 months; the list of billionaires is the longest it has ever been.
According to Forbes, there are now 2,755 billionaires in the world – 660 more than a year ago – with 493 new billionaires making the cut.
Amazon founder Jeff Bezos remains the richest man in the world with a net worth of $177 billion. Tesla founder Elon Musk is second with a net worth of $151 billion.
Kim’s net worth is now $1billion after growing her business empire over the last few years with her shapewear line Skims.
She has a $225million stake in Skims and in January last year, sold 20 percent of KKW Beauty to Coty for $200million.
Kim Kardashian has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
Kim is shown promoting Skims, left, and her beauty brand KKW Beauty, right.
She retained a 72 percent stake that is now worth $500million, according to Forbes.
KIM’S $1BN FORTUNE
SKIMS – $225million
Kim owns a majority stake in Skims.
The company is private and has not disclosed financials but sources tell Forbes it is worth $500million.
Her majority stake is worth an estimated $225m conservatively, which puts it at around 45%
KKW BEAUTY – $500million
KKW Beauty is Kim’s biggest earner. She owns 72% of the company which puts her stake at around $500million.
KKW Beauty owns KKW Fragrance, her perfume line.
COTY SALE – $200million
Last year, Kim sold a 20% stake in KKW Beauty to beauty giant Coty for $200million.
Coty also owns a chunk of Kylie Cosmetics
TV AND ENDORSEMENTS – $10million a year
Forbes reports that every year since 2012, Kim has earned at least $10million through reality TV, ad campaigns and endorsements, including social media.
Keeping Up With The Kardashians, the show that made her family their millions, is wrapping after its current season.
STOCKS FROM KANYE – $100k in 2017, could now be worth $600k
In 2017, Kanye gave Kim $100k in Disney, Amazon and Apple stocks. It’s unclear how many she owns in each company but it’s estimated that they have grown to $600,000 in total value since then, based on how each has performed over the last four years.
Kim owns three Calabasas homes independently. It’s unclear how much they are worth.
She also owns a home with West in the Hidden Hills that they bought for $20million and spent $40million renovating.
Separately, he owns two ranches in Wyoming and an apartment in Miami.
She also holds an impressive stock portfolio that includes shares in Amazon and Disney.
Kanye gave her the portfolio as a Christmas gift in 2017.
At the time, it was worth $100,000.
It’s impossible to know its exact worth now because she has not disclosed how many shares she owns in each company and if she’s sold any of them, but based on how the companies have performed, it could now be worth $600,000.
Kim’s career began as a socialite and celebrity stylist before she and her family became reality TV stars thanks in part to a sex tape she made with the rapper Ray J.