Kim Kardashian officially named a billionaire by Forbes

Farwa Raza

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  • Kim Kardashian is officially named a billionaire by Forbes / Photo: Luxurylaunches
  • The businesswoman and reality star Kim Kardashian has managed to be one of the wealthiest women in the world.

Kim Kardashian is officially a billionaire. Forbes magazine announced his inclusion on the World’s Billionaires List for the first time on Tuesday, citing his two lucrative businesses, KKW Beauty and Skims, as well as “Keeping Up With the Kardashians” cash and endorsement deals.

Kardashian’s value increased from $ 780 million in October to $ 1 billion. The reality show star of E! launched KKW Beauty in 2017 after seeing the success of her half-sister Kylie Jenner’s makeup company, Kylie Cosmetics.

“This is the first time that I have walked away from having licensing agreements and became an owner,” Kardashian told Forbes in 2017 when she announced her cosmetics line.

Kardashian officially named a billionaire by Forbes.

Kim Kardashian, 40, sold 20 percent of KKW Beauty to Coty for $ 200 million, putting her company’s worth at $ 1 billion

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Is Kim the only Kardashian-Jenner billionaire?

She launched the Skims modeling company in 2019 and changed it to include sportswear during the pandemic when women began to turn to cozier clothing while in quarantine.

He has a majority stake in the company, which has not disclosed its earnings, Forbes reported. When she first got the cover of Forbes, she joked, “Not bad for a girl without talent. ”

Is Kim the only Kardashian-Jenner billionaire?

Forbes’ list of billionaires faced drama when it named Jenner, now 23, as the youngest self-made billionaire .

Experts criticized the “self-made” title as Jenner had grown up in the already wealthy Kardashian-Jenner family.

“I really didn’t get it, because she’s ‘self-made’, we’re all ‘self-made’. What, because we come from a family that has been successful? That really doesn’t make sense to me, ”Kardashian defended Jenner.

“I know a lot of people like that [who] haven’t been as successful as Kylie.

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After listing her, Forbes brand new released a report claiming that she had faked her way to billionaire status thanks to false tax returns. The post ended up taking the title from Jenner.

Forbes estimated that Jenner was actually worth just under $ 900 million in May 2020, a year after awarding him the youngest billionaire title at age 21.

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