Kim Kardashian Is Officially A Billionaire Now

Kim KardashianKim Kardashian

The reality show star and businesswoman is now worth $1 billion, up from $780 million in October, according to a Forbes report published, earning her a place on the outlet’s World’s Billionaires List.

Forbes primarily credits Kardashian West’s “two lucrative businesses,” cosmetics company KKW Beauty and shapewear company Skims, for quickening her to reach ten figures.

The business magazine announces it determines a person’s wealth using stock prices and exchange rates from March 5, 2021. “We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes,” it notes in its methodology.

This isn’t the first time a member of the famous “Keeping up with the Kardashians” family has made the billionaires list – well, at least momentarily.

In March 2019, Forbes named Kardashian West’s sister Kylie Jenner, the youngest self-made billionaire, but the title did not last long. In May 2020, Forbes refuted its own report saying that Jenner’s cosmetics company, Kylie’s Cosmetics, was “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets.”

Forbes cited filings published by publicly traded Coty, Inc., which bought a $600 million stake in Kylie Cosmetics in November 2019.

Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash-outs of all time. But the deal’s fine print reveals that she has been inflating the size and success of her business. For years,” the report stated while re-estimating her worth at “just under $900 million.”

Comments / 0

Published by

Vizaca is an online magazine for Global Entrepreneur, Technologist, Marketers and Small business owners to showcase their talent, give them outreach, connecting them with the right audience and promote their businesses worldwide

New York State
NA followers

More from Vizaca

Comments / 0