Reality star turned business woman
Kim Kardashian West has really been making the headlines this year, the latest elevating her to a whole new level of power, status, and fame. This month, Forbes officially included her in the elite list of billionaires as her net worth rose from $780 million in October, to a skyscraping $1 billion this month.
The Kardashian has been bringing in the big bucks for years thanks to her reality show Keeping Up With The Kardashians, but what sealed the deal was her two booming businesses—KKW Beauty and Skims.
It definitely helps that she has over 213 million Instagram followers to promote her products to!
KKW Beauty and Skims
Kardashian West started her cosmetics line, KKW Beauty, in 2017, following in the footsteps of her baby sister Kylie Jenner. Her first contouring kit sold out within two hours, and she instantly marked her place in the world of cosmetics. She expanded her beauty line into what is now an empire, with products ranging from eyeshadows to lipsticks, concealers and fragrances. According to Forbes, the business is set to be valued at $1 billion, and even though Kim K sold 20% to Coty for $200 million, she still has a 72% stake which is roughly around $500 million.
In 2019, she launched a loungewear and underwear line called Skims. Despite the initial controversies around the original brand name, the business has been thriving especially since the pandemic. Forbes has estimated her stake in the line to be worth around $225 million.
Combining all her earnings, stakes, properties, and investments, she has finally earned her spot in this exclusive club. Kim Kardashian West is currently the only member of the Kardashian clan to be on this list, but her former husband, Kanye West, has also been a special member of the club since 2020.