Kim Kardashian: Kim Kardashian’s brand of shapewear, called Skims, is currently valued at $4 billion, as reported by The New York Times. Skims recently gained $270 million in funding, with Wellington Management, an asset management company, leading the investment. This is an increase from the previous year, 2022, when investors valued Skims at $3.2 billion.
The recent funding round for Skims contributed around $500 million to Kim Kardashian’s total wealth. Her net worth has risen to $1.7 billion, up from $1.2 billion before, largely due to her 35% ownership in Skims. This accomplishment has positioned the television star and successful businessperson as the third wealthiest female celebrity in the United States, trailing behind Oprah Winfrey and Rihanna, according to Forbes’ rankings.
Kim Kardashian’s Skims Is Now Worth $4 Billion—Here’s Kim K’s Net Worth
Most of Kim Kardashian’s money comes from her ownership in Skims, a company she started together with her business partners Emma and Jens Grede in 2019. Initially an online brand specializing in shapewear, Skims has expanded its offerings to include loungewear and swimwear. Additionally, there are plans to open physical stores and introduce a line of men’s clothing.
Skims is expected to make around $750 million in sales during 2023, which is an increase from the $500 million it made the previous year. The company’s customer base is primarily made up of 70% Gen Z and millennial shoppers.
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KKW Beauty & SKKN by Kim
In 2017, Kardashian started a makeup and fragrance brand called KKW Beauty. In 2020, she sold a 20% share of KKW Beauty to Coty, Inc., an international beauty company, for $200 million. This happened when the company’s total value was estimated to be $1 billion.
Later, in 2021, Kardashian decided to close down KKW Beauty. In its place, she introduced a new high-end skincare brand called SKKN by Kim in 2022. One of the notable products from this brand is a nine-step skincare routine that costs $673.
By July 2023, there were reports that Kardashian was discussing the possibility of buying back the share she sold to Coty. This move is intended to help expand SKKN into additional beauty categories. This information was shared by The Wall Street Journal.
In 2022, Kim Kardashian started a private equity firm named SKKY Partners, together with Jay Sammons, who used to be a partner at the worldwide investment company Carlyle. This firm’s primary goal is to invest in different types of businesses that cater to consumers and media. They’re interested in areas like hospitality, digital platforms, online shopping, and luxury products.
It’s been said that SKKY Partners is aiming to gather at least $1 billion in investments. Adding to this, Kim Kardashian’s mother, Kris Jenner, is also a partner within the firm.
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Keeping Up With the Kardashians
Kardashian and her family became famous through their reality TV series “Keeping Up With the Kardashians,” which was broadcast on the E! network for 20 seasons. According to TMZ, the Kardashians secured a deal worth $150 million with the E! Network for the final five seasons of the show, amounting to approximately $30 million per season.
In a conversation with Ellen Degeneres, Jenner mentioned that the earnings from “Keeping Up With the Kardashians” are divided evenly among the family members. When the show was airing on E!, Kardashian reportedly made around $4.5 million for each season.
In 2021, the family embarked on another reality TV project titled “The Kardashians” on Hulu. This venture is said to have earned the Kardashian-Jenner clan a substantial nine-figure sum. For the three seasons currently available on Hulu, this amounts to at least $100 million. Kim, who is an executive producer on the show, is reported to earn between $7.5 million and $8.3 million per season.
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Previously, Kardashian was married to rapper Kanye West, and together they have four children. It’s been reported that she paid $23 million to retain ownership of the $60 million mansion that she once shared with West.
For a considerable period, Kardashian has held a significant influence on global social media platforms, and the Kardashians have notably contributed to shaping the culture of influencers.
(Reference: New York Times, “How ‘Keeping Up With The Kardashians’ Changed Everything.”)
Kim boasts a follower count of 363 million on Instagram, and she earns a range of $300,000 to $1 million for each sponsored post on the platform.
Throughout her career, the business mogul has engaged in numerous collaborative efforts with brands. Some recent examples of Kardashian’s partnerships include a collaboration named Beats x Kim, involving Beats headphones, and a personalized flavor named ‘Kimade’ in collaboration with the energy drink brand Alani Nu.
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