Forbes released its annual “World’s Billionaires List” on Tuesday, which placed West on the elite list for the first time. The magazine said West’s booming business, KKW Beauty and Skims, helped put her on top to achieve the multi-million dollar benchmark when it was added to her television show and endorsement deals.
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 business at $ 1 billion. Forbes said his remaining stake in the business is worth about $ 500 million.
There is also his other business: Skims, a collection of shapewear and bodysuits that hug the figure. Forbes said it has a majority stake in the private business, which has not disclosed income, but a source told the magazine that the company is valued “in excess of $ 500 million.” That means your stake is possibly worth $ 225 million, which is “enough to raise your fortune to $ 1 billion,” according to Forbes.
Kardashian West also has cash assets, investments, and real estate. And although the E! program is about to end, a new agreement with Hulu to create content will keep the money flowing from television.
It is not the first time that the Kardashian-Jenner family has appeared on a Forbes list. Previously, the magazine sparked controversy for crowning her younger sister Kylie Jenner as the youngest self-made billionaire at age 21. Critics argued that Jenner cannot be considered a fact himself because he comes from a wealthy and well-known family.
In February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth a reported $ 6.6 billion with the vast majority of his wealth tied to his apparel businesses.