Kim Kardashian Officially Joins World's Billionaires List for the 1st Time
- Kim Kardashian is currently one of the richest women in the world
- Forbes recently announced that the mother of four rose from her R11 billion ($780m) net worth to R14.53 billion ($1bn)
- Kim's two businesses, endorsement deals, reality show, among other things, helped her to make the list
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Congratulations are in order for American reality TV star Kim Kardashian as she officially joins the World’s Billionaires list for the first time.
According to Forbes, Kim is now worth $1 billion, which is about R14.53 billion, up from her former net worth estimate of $780 million.
It was reported that the 40-year-old woman made the billionaire list because of two of her last business ventures, KKW Beauty and Skims, as well as cash from reality television and endorsement deals, and a number of smaller investments.
Source: UGC
Kim founded KKW Beauty in 2017 and sold 20% of the business in 2020 for a whooping sum of $200 million, a deal that reportedly valued the company at $1 billion.
It was noted that her remaining 72% stake in the company is worth around $500m.
In 2019, Kim launched Skims, a shape, and loungewear for women. The mother of four is said to own a major stake in the company which Forbes values at $500 million.
Besides her growing businesses, Forbes reported that Kim also has earned at least $10 million pretax from her reality show since 2012.
Forbes, however, noted:
"But it’s the companies that she has launched herself, and grown with the typical Kardashian flare for self-promotion, that land her on the World’s Billionaires list."
In other news, Briefly.co.za earlier reported that a lady who loves attention spent millions to look like Kim Kardashian.
The young woman who is a London influencer, Chaly DN said that she believed that the reality star is the most beautiful woman in the world.
Chaly said she has spent millions on dressing like the star and purchasing almost every designer item the star owns.
According to a News24 article, Chaly has even bought a faux fur coat worth R145k and has also spent about R8.3m on designer bags.
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Source: Briefly News
