Celebrity
Kim Kardashian’s Net Worth Increased By $600 Million To $1.8 Billion
The company has become her biggest success in recent years.
The KUWTK star’s net value has experienced another significant increase this year. Forbes reported the star to have an estimated net worth of $1.8 billion after Lone Pine Capital invested $240 million into the fashion label Skims.
Along with the hedge fund, other investors such as Thrive Capital and Imaginary Ventures have also injected some capital into the underwear label, sending its value to double from the $1.6 billion figure in April 2021 to $3.2 billion this year.
Back in October 2020, Kim Kardashian’s net worth was around $780 million before it reached $1 billion by April 2021.
The Kardashian mom also owns 35% of the stake, worth around $900 million. It includes all the luxurious brands she’s launched, from KKW Beauty, KKW Fragrance, and the Skims label.
Kim picture wearing her Skims bikini bottoms on a day out at the beach.
The 41-year-old billionaire’s biggest break came from her KKW Beauty, the cosmetics line that tasted success after her sister’s, Kylie Jenner, success with Kylie Cosmetics. She later sold about 20% of KKW Beauty to Coty for $200 million in 2021, which gives Coty about 71% of ownership.
The ex-wife to Ye saw a jump in sales with her shapewear in 2021 by 90%, per the company’s report to Bloomberg.
The company has even earned a right to collaborate with Team USA to promote and supply undergarments and loungewear for athletes during the Winter Olympics 2022 in Beijing.
Previously, Skims products earned screentime for the Tokyo 2022 Summer Olympics last year.
