Kim Kardashian joins the billionaire club
Standard Entertainment
By
Reuters
| Apr 07, 2021
Kim Kardashian has added billionaire to her resume.
The cosmetics and shapewear businesswoman, who launched her career off the reality TV series ="https://www.standardmedia.co.ke/entertainment/showbiz/2001399609/kim-kardashian-overwhelmed-as-she-films-final-kuwtk-episode">“Keeping Up with The Kardashians”<, was included on Tuesday for the first time on Forbes magazine’s list of the world’s billionaires.
Forbes said it estimated that Kardashian, 40, “is now worth $1 billion, up from $780 million in October, thanks to two lucrative businesses - KKW and Skims - as well as cash from reality television and endorsement deals, and a number of smaller investments.”
The Forbes estimate means Kardashian joins her soon-to-be ="https://www.standardmedia.co.ke/entertainment/showbiz/2001399180/kanye-west-and-kim-kardashian-marriage-effectively-over-after-his-latest-decision">ex-husband Kanye West< in the billionaire’s club. Forbes on Tuesday estimated West’s net worth at $1.8 billion, mostly from deals on his Yeezy sneaker and fashion line.
Kardashian filed for divorce from West, 43, in February, citing irreconcilable differences.
Her half sister ="https://www.standardmedia.co.ke/entertainment/profiles/2001349359/self-made-billionaire-inside-story-of-kylie-jenner-s-empire">Kylie Jenner<, however, lost her billionaire status, Forbes said on Tuesday. It valued the 23-year-old’s fortune at around $700 million, citing a tough year for cosmetic sales during the coronavirus pandemic and what it said were previous overestimates of revenue from Kylie Cosmetics, now 51% owned by Coty Inc .
Kardashian founded KKW Beauty in 2017, promoting and selling the products online, helped by a social media presence that includes some 213 million Instagram followers. She launched the multihued shapewear line Skims in 2019.
Kardashian celebrated on Tuesday by posting a photo of herself in a bikini on a beach, with the caption “Bliss” and announcing the launch of the first Skims pop-up shop at a high-end shopping mall in Los Angeles.