Kim has officially joined the world’s billionaire list for the first time. According to Forbes, Kardashian west current worth estimates are $1 billion. This is a significant increase from a $780 million last October. She has also featured as a Forbes magazine cover five years after being mentioned by Forbes.
Cosmetic and Beauty
The celebrity’s new success comes as a result of several investments she engages. Kim owns the Kim Kardashian West Beauty and skims. She also gets income from other investments, reality television shows, and endorsement deals. After the success of Kylie Cosmetics, Kim founded Kim Kardashian West Beauty in 2017. The business picked up at an accelerating speed. 300 contour kits sold two hours after her first launch.
She announced her cosmetic line in 2017. She told Forbes that it was the first time she had become a business owner. This is after transitioning from having licensing deals. Kim’s business broadened to lipstick, fragrances, eyeshadows, and concealers by 2018. This venture generates approximately a revenue of $100 million. Kardashian West also did a $200 million deal with Cosmetics Conglomerate Coty. She sold 20% of KKW Beauty. As a result, this deal led to the company worth valuing at 1 billion.
Kim West also owns a shapewear line known as the skims. It was first launched in 2019 and has taken a great leap forward during the Corona pandemic period. Her massive social media following has led to a crucial push of the brand. Currently, she has 69.6 million followers on Twitter and 213 million Instagram followers. She also used money raised from fashion insiders to capitalize on this breakthrough.
Kims Alterative Income Sources
Kardashian West’s fortune is kept in real estate investments and also in cash. Through paychecks from Keeping Up With the Kardashians, Kim earns $10 million annually since 2012. Other income-generating sources include Kim’s now-defunct Kimoji app and her endorsement deals. Additionally, in 2017 Kanye West, her soon-to-be-ex gave her gifts. They include shares in Disney, Amazon, Netflix, and Adidas. Kim West also owns properties in Calabasas.
It has been a long journey, but her great effort has made her make it to the world billionaires list. Much of this success is due to the companies she launched and moved with each step from the beginning. She received criticisms over the years, saying she is a person with no talents but has turned out to be great.