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  /  LifeStyle   /  Entertainment   /  Celebrity-Gist   /  Forbes Magazine Declares Kim Kardashian A Billionaire
Forbes Magazine Declares Kim Kardashian A Billionaire

Forbes Magazine Declares Kim Kardashian A Billionaire

US reality TV star Kim Kardashian West has achieved billionaire status. Her net worth reached $1bn (£720m) thanks to her cosmetics and clothing interests as well as income from TV, endorsement deals and investments, Forbes business magazine says.

Forbes Magazine Declares Kim Kardashian A Billionaire

She is now one of the 2,755 figures on Forbes’ World’s Billionaires List. Amazon founder Jeff Bezos leads the pack with a net worth of $177bn.

Forbes calculated that the 40-year-old’s worth had risen to $1bn from $780m in October thanks especially to her stakes in the KKW Beauty cosmetics business and the Skims shapewear company.

Also read:
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– Actress Ummi Zee Zee Says She’s Suicidal After Losing ₦450 Million To Fraudsters

KKW Beauty was launched in 2017 and Skims just two years ago after the initial brand name Kimono was dropped following accusations of cultural appropriation.

Kim Kardashian West sold 20% of KKW Beauty to cosmetics giant Coty last year for $200m, in a deal valuing the business at $1bn. Her most recent project Skims offers underwear and loungewear and has proven successful during the work-from-home era.

 

The celebrity has used her huge social media presence (213m followers on Instagram; 69.7m followers on Twitter) during the coronavirus lockdowns to promote Skims loungewear.

She first found fame in 2007 as the star of the E! Television reality series about her family, Keeping up with the Kardashians, and has remained hugely popular since.

In February she reportedly filed for divorce from rapper Kanye West. The couple has been married for almost seven years and shares four children together.

 

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