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Thursday, April 15, 2021

Kim Kardashian is a billionaire, says Forbes

WASHINGTON (AFP) – Reality television star, influencer and business owner Kim Kardashian West is officially a billionaire, according to an estimate from Forbes, making her debut on the exclusive global list only one year after her younger sister Kylie Jenner fell off of it.

Kardashian West s money comes from TV income and endorsement deals, according to the magazine, as well as her two lifestyle brands.

The star saw her wealth jump more than $200 million just since October, Forbes estimated, from a worth of $780 million last fall to $1 billion this spring, only five years after the magazine first reported she had made her first $51 million.

KKW Beauty was launched in 2017, often releasing cosmetic products in partnership with her four famous sisters that were heavily promoted through social media — Kardashian West alone has 69.7 million Twitter followers and 213 million Instagram followers.

By 2018, the company was making about $100 million in revenue, according to Forbes, which has listed 2,775 billionaires in this year s rankings.

The 40-year-old s most recent project, Skims, launched in 2019 to offer underwear and loungewear in the founder s signature minimalist style, a move that proved lucrative during the work-from-home era.

Though the company — of which Kardashian owns a majority stake — has not disclosed revenue figures, Forbes has estimated its worth at more than $500 million.

Jenner, the youngest member of the Kardashian family empire, fell out of the Forbes rankings in 2020 after the magazine claimed the 23-year-old had been inflating the size of her own cosmetic business. She had been named the world s youngest self-made billionaire in 2019 at age 21.

The family s hit reality show “Keeping Up With the Kardashians” is set to end this year after a 20-season run, as news also emerged earlier this year that Kardashian West had filed for divorce from rapper Kanye West.

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