38 C
Nigeria
Thursday, April 15, 2021

Kim Kardashian is officially a billionaire – Forbes

Kim Kardashian now joins her own sister, Kylie, her estranged husband, Kanye West and other celebs that have gotten into the billionaires club

On Tuesday, April 6, Forbes announced her inclusion on the World’s Billionaires list for the first time, citing her two lucrative businesses, KKW Beauty and Skims, as well as cash from “Keeping Up With the Kardashians” and endorsement deals.

Kim’s worth increased from $780 million in October to $1 billion. The mother of four launched KKW Beauty in 2017 after seeing the success of half-sister Kylie Jenner’s makeup company, Kylie Cosmetics.

“It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner,” Kardashian told Forbes in 2017, when she announced her cosmetics line. Kardashian, 40, went on to sell 20 percent of KKW Beauty to Coty for $200 million, which put the value of her company at $1 billion.

 

Join these WhatsApp Groups to receive Entertainment News & Gist on WhatsApp

She launched shapewear company Skims in 2019 and pivoted it to include loungewear during the pandemic when women started leaning into cozier clothing while being quarantined. She holds a majority stake in the company, which hasn’t disclosed its revenues, Forbes reported.

A source familiar with Skims told Forbes about a transaction that values the shapewear company north of $500 million. As a result, Forbes estimates her Skims stake is worth a conservative $225 million, enough to lift her fortune to $1 billion. The rest of Kardashian West’s fortune sits in cash and investments, including real estate.

Every year since 2012, she has earned at least $10 million pretax, by Forbes’ count, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app, Forbes reported.

She also has three properties in Calabasas, northwest of Los Angeles, and a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix, and Adidas that her soon-to-be ex-husband Kanye West gifted her for Christmas in 2017.

Receive Latest Updates on: WhatsApp: iR Entertainment, Facebook: Intel Region, Twitter: @intelregion, Instagram: @intelregion Telegram: iR Entertainment

Share your story with us: Facebook Messenger: Intel Region, SMS: +2347064212243, WhatsApp: +2347064212243, Email: [email protected]

Read More

Rapper, CDQ reacts after he was allegedly assaulted by NDLEA personnel

Popular Nigerian rapper, Sodiq Abubakar Yusuf professionally know as CDQ has taken to social media to react after it was reported that the singer...

Pardon Akuapem Poloo for her son’s sake – Sarkodie, Showboy, others appeal to court

#FreeAkuapemPoloo is one of the trending conversations on the popular microblogging platform as popular Ghanaians rappers, Sakordie, showboy others appeal to the court after...

“Stop viewing my posts with jealousy” – Kolawole Ajeyemi reacts to claims of showing off (Video)

Kolawole Ajeyemi, the husband of popular Nollywood actress, Toyin Abraham has shared a video on his official Instagram page where he reacted to the...

Comedian Ada Jesus spotted in a wheelchair receiving treatment at Onitsha [Photos]

Popular Nigerian actress and comedian Mercy Ginikachukwu better known as Ada Jesus has been spotted in a health facility in Onitsha receiving treatments Want to...

48 out of 50 actresses in Nigeria are into prostitution – Evangelist reveals

A young Nigerian evangelist has taken to social media where he revealed that out of 50 actresses in Nigeria, 48 are into prostitution while...

“You are a disgrace to my generation” – Pastor slams Jay-Jay Okocha for being the face of a betting company (Video)

A Nigerian pastor, Patrick-Grace Henry has referred to former Super Eagles of Nigeria midfielder, Augustine Azuka Okocha better known as Jay-Jay Okocha, as a...

IK Ogbonna shares video of Alex Ekubo sleeping on set [Video]

it is a payback time as popular Nollywood actor, ik Ogbonna shares a video of his colleague and best friend, Alex Ekubo sleeping on...

Actress Akuapem Poloo convicted for taking nude photos with son; sentencing set for Friday

Ghanaian actress and social media sensation, Rosemond Brown, popularly known as Akuapem Poloo, has been convicted by an Accra Circuit in trial over a...

Latest News

- Advertisement -

YOU MAY LIKE