Kim Kardashian Is Now a Billionaire
Kim Kardashian is officially worth an estimated $1 billion according to Forbes. Her initials KKW are now something that stands for money. The reality star has finally made it to the World’s Billionaire’s List. This comes after a decade when she appeared on Forbes. She can credit her two successful businesses for her status at […]
Kim Kardashian is officially worth an estimated $1 billion according to Forbes. Her initials KKW are now something that stands for money. The reality star has finally made it to the World’s Billionaire’s List.
This comes after a decade when she appeared on Forbes. She can credit her two successful businesses for her status at the moment. According to Forbes, Kim’s wealth was $780 million in October and because of her KKW Beauty and Skims brand, she now has $1 billion. Her current status also includes her money from her reality television show and endorsement deals along with a number of smaller investments.
Kim got huge money when she sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million last year. this deal would value the company at $1 billion, however, Forbes estimates that the figure “is a little bloated”. This is because of Coty’s history of overpaying.
The magazine estimates that Kim’s remaining stake in KKW is worth about $500 million. She owns a majority stake in SKIMS. However, the company has not disclosed its revenues. Forbes estimates that the company is valued at $500 million. This would make Kim’s state worth at least $225 million and after adding all of her endorsement deals, investments and real estate purchases, Kim’s worth is more than a billion dollars.
Meanwhile, Kim’s seemingly estranged husband, Kanye West has also appeared on Forbes World Billionaire’s List. The rapper is worth an estimated $1.8 billion according to Forbes. The magazine had refuted reports earlier which claimed that Kanye is the richest Black person in America.
According To Forbes, Kylie is Not A Billionaire
Bloomberg reported that the rapper’s Yeezy sneaker brand and Yeezy Gap as well has a combined value of $4.7 billion. Forbes has noted that the rapper has yet to sell one stitch of clothing. Kanye also has an additional $1.7 billion in assets. The magazine claimed that their competitor’s assumptions were on projected future earnings. This means that Kanye can be worth $6.6 billion one day.
Kanye is at the 86-way-tie at Rank No. 1750 on the World’s Billionaire List. Kim comes at No. 2674. However, this makes Kim the most richest among her KarJenner sisters. Forbes had once claimed that Kylie Jenner was the world’s youngest self-made billionaire. The magazine had claimed Kylie to be a billionaire back in 2019 and again the next year. However, in late-April 2020, they accused Kylie and her team for lying about her business to make her look richer than she actually is.
The accusations on Kylie and on her accountants were that they falsified the tax returns and lied about their revenue in 2016. Kylie and Kris Jenner both claimed that they have been falsifying their revenues since the last four years is not true. The Kylie Cosmetics founder clapped back on Twitter as she wrote, “All I see are a number of inaccurate statements and unproven assumptions, lol. I’ve never asked for any title or tried to lie my way there EVER. period.”
Kylie’s net worth is at $900 million at the moment, according to Forbes.