Forbes published its annual “List of Billionaires in the World” on Tuesday, which put West on the elite list for the first time. The magazine says West’s thriving business, KKW Beauty and Skims, helped put her on top to meet the benchmark for billionaires when added to her TV shows and endorsements.
Kardashian West launched KKW Beauty in 2017 and Cats (CATS)
acquired a 20% stake in the cosmetics line in a deal last year that valued the business at $ 1
billion. Forbes said its remaining stake in the business is worth about $ 500 million.
She also has another business: Skims, a collection of dressed figures and bodysuits. Forbes said it had a majority stake in the private business, which did not disclose revenue, but a source told the magazine that the company was valued “north of $ 500 million”. That means her stake is likely to be worth $ 225 million, which is “enough to raise her fortune to $ 1 billion” for Forbes.
Kardashian West also holds cash, investment and real estate assets. And although the family is a longtime E! the show is about to end, a new deal with Hulu to create content will support the flow of TV money.
This is not the first time the Kardashian-Jenner family has appeared on the Forbes list. Earlier, the magazine caused controversy over the coronation of his younger sister Kylie Jenner as the youngest billionaire who ever pretended to be 21 years old. Critics say Jenner cannot be considered self-made because he comes from a wealthy, well-known family.
In February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth $ 6.6 billion, with most of his wealth coming from his clothing business.