Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Entertainment https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Kim Kardashian West is officially a billionaire, says Forbes

Kim Kardashian West is officially a billionaire, says Forbes

Forbes released its annual “World Billionaires List” on Tuesday, which placed West on the elite list for the first time. The magazine said West’s thriving companies, KKW Beauty and Skims, helped place her over the top to reach billionaire benchmarks when added to her TV show and approval offerings.
Kardashian West launched KKW Beauty in 2017, and Coty (COTY) acquired a 20% stake in the cosmetics line in a deal last year that valued the company at $ 1
billion. $. Forbes said her remaining stake in the company is worth about $ 500 million.

There’s also her other business: Skims, a collection of figure-hugging shapewear and bodysuits. Forbes said it has a majority stake in the private business, which has not disclosed revenue – but a source told the magazine that the company is valued “north of $ 500 million.” That means her share may be worth $ 225 million, which is “enough to raise her fortune to $ 1 billion” per share. Forbes.

Kardashian West also has assets in cash, investments and real estate. And although the family’s long-lasting E! the show is coming to an end, a new agreement with Hulu on content creation will keep the TV money flowing.
This is not the first time the Kardashian-Jenner family has appeared on the Forbes list. The magazine sparked previous controversy for having crowned its younger sister Kylie Jenner the youngest self-made billionaire ever 21 years old. Critics have argued that Jenner cannot be considered self-made because she comes from a wealthy, well-known family.
In February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth reporting $ 6.6 billion dollars, the vast majority of his fortune tied up in his clothing companies.

Source link