Kim Kardashian Joins Forbes’ World’s Billionaires List
Kim Kardashian has joined the elite club of the super-rich by achieving billionaire status.
The reality star’s net worth reached $1 billion thanks to her cosmetics and clothing interests as well as income from TV, endorsement deals and investments, Forbes business magazine says.
Kim Kardashian, 40, 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 $177 billion.
Other Americans added over the past year include Bumble dating app founder Whitney Wolfe Herd ($1.3 billion), filmmaker Tyler Perry ($1 billion) and Miriam Adelson ($38.2 billion), widow of casino magnate Sheldon Adelson.
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Kim Kardashian’s estranged husband Kanye West is already on the list ($1.8 billion) but her half-sister, Kylie Jenner, was removed last May by Forbes. The magazine alleged her family had inflated the value of her cosmetics business.
Forbes calculated that Kim Kardashian’s worth had risen to $1 billion from $780 million in October 2020 thanks especially to her stakes in the KKW Beauty cosmetics business and the Skims shapewear company.
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 sold 20% of KKW Beauty to cosmetics giant Coty last year for $200 million, in a deal valuing the business at $1 billion.
Her most recent project Skims offers underwear and loungewear in the founder’s signature minimalist style, and has proven successful during the work-from-home era.
Kim Kardashian has used her huge social media presence (213 million followers on Instagram; 69.7 million followers on Twitter) during the coronavirus lockdowns to promote Skims loungewear.