Kim Kardashian West is many things including a billionaire.
The reality star has officially joined the world’s billionaires’ thread, which counts former Amazon CEO Jeff Bezos as number one with $177 billion.
According to Forbes, the reality TV star is worth $1 billion, thanks to her KKW Beauty and Skims underwear, loungewear and shapewear brand.
In 2017, she founded KKW Beauty, selling 300,000 contour kits within the first two hours of its release. In about a year in 2018, the company expanded its production by venturing into eyeshadows, concealers, lipsticks and fragrances. The wide opening of the business accumulated her a total of $100 million in revenue.
Last year, she sold 20% of the company’s ownership to cosmetics conglomerate Coty, at a revealed fee of $200 million, surging KKW beauty’s value at $1 billion.
Skims has also deposited a substantial capital for the beauty mogul. Per Forbes investigations, Kim raised money from fashion insiders like Net-a-Porter’s Natalie Massane and Theory’s Andrew Rosen. Forbes estimates Skims at $225 million, enough to lift her fortune at $1 billion, says the outlet.
Aside the KKW Beauty and Skims accumulation, Kim’s wealth counts paychecks from ‘Keeping Up With the Kardashians’, endorsement deals and other endeavours like real estate and shares from Disney, Amazon, Netflix and Adidas, which was gifted her by her husband, Kanye West in 2017.
Elsewhere on the list, Nigeria’s business mogul, Aliko Dangote places 191 with a net worth of $11.5 billion. In total, Forbes 35th list of world’s billionaires is altogether worth $5 trillion in cash.