American television star Kim Kardashian has amassed a $ 1 billion fortune with her makeup and body-shaping apparel companies, KKW Beauty and Skims, Forbes magazine reported Tuesday.
Forbes, which lists the richest people in the world, said the most famous of the Kardashian sisters, 40, debuted in the billionaire rankings, thanks in part to revenues from their ad deals and “small investments.”
The reality show star “Keeping Up With The Kardashians” created KKW Beauty in 2017 in the footsteps of her stepsister Kylie Jenner and last year sold 20% of her property to the Coty conglomerate for approximately $ 200 million.
Forbes estimates that Kardashian’s stake in KKW Beauty is approximately $ 500 million, while Skims’s is approximately $ 225 million, and those numbers add to the value of their three homes in Calabasas, Los Angeles, based on a portfolio of shares and other income.
The magazine estimates that the businesswoman had a net worth of about $ 780 million last October and has since increased her fortune to about $ 1 billion.
She is not the first member of the Kardashian clan to be recognized by the publication, as in 2019 her stepsister Kylie Jenner was named the youngest ‘self-made’ billionaire in the world thanks to her makeup company Kylie Cosmetics, although the title was corrected shortly after, and Forbes clarified that some numbers were too high.
Likewise, Forbes this year included rapper Kanye West, with whom Kardashian has four children and is divorcing, with an estimated $ 1.8 billion fortune generated by his Yeezy sneaker company and music career.