Kim Kardashian was officially listed as a Forbes billionaire.
“Kim Kardashian’s property estimates reach $1 billion, about 1.117 trillion won, including KKW Beauty and Skims, reality TV shows and advertising contracts and small investments,” Forbes said on its website on April 6.
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Kim Kardashian established KKW Beauty in 2017, sold 20% of its stake to French luxury cosmetics company Coty for $1 billion in 2020, and cashed it all in, but still holds about $500 million in remaining shares. Her underwear brand Skims’ sales figures have yet to be released, but Forbes said, “Skims are worth a late $500 million, and Kim Kardashian’s stake is about $225 million.” Meanwhile, Kylie Jenner, Kim Kardashian’s half-brother, who was the youngest to make the list of billionaires last year, was eliminated from the list as the cosmetics business was hit by Corona 19.