Kim Kardashian is a name well known in every industry, from entertainment to cosmetics to shapewear. Unless you are Patrick and live under a rock, you must have seen her name in headlines quite a few times. This 40-year-old reality TV star has recently become a billionaire, and fans are dying to know the reason behind her success. So how did Kim Kardashian become a billionaire? Keep on reading to find out the latest information regarding this iconic female.
Kim Kardashian and Forbes Magazine
Kim Kardashian’s KKW Beauty brand and Shapewear Line Skims have led her to become a billionaire. Furthermore, she has just been given a spot on Forbes’ World’s Billionaire List!
She first made her debut on Forbes in 2011 as one of the most followed twitter personalities. Five years later, she reappeared on the cover due to her booming mobile game, which earned her quite a few million dollars ($51 million in just a year). And now, another five years later, she has once again been featured in the trendy magazine in the World’s Billionaires list.
How did Kim Kardashian become a Billionaire?
As of October 2020, this star was worth $780 million. In just a few months (approximately five months), she has risen to the top and become a billionaire due to her million-dollar businesses, KKW Beauty and Skims. Additionally, Kim Kardashian has also earned millions from reality television and endorsement deals.
Kim Kardashian’s Business
She found her beauty brand KKW in 2017 following the success of her younger sister Kylie’s beauty brand. The brand was an immediate hit, with 300,000 contour kits selling out in just 2 hours! By 2018, she had added several new products, from eyeshadows to lipsticks to fragrances. At this point, she was earning $100 Million in revenue. She monetized the company and sold 20% to Coty for $200 million. Even now, as the major shareholder, Kim Kardashian’s stakes in her beauty brand is worth as much as $500 million.
Her other business, a shapewear line called Skims, has also gained sensational popularity. In fact, during the pandemic, she also launched loungewear which sold out almost immediately. Her shapewear line is now valued at $225 million!
The reality TV star also has several real estate investments. She has earned approximately 10 million dollars pre-tax since 2012. The money has come from her reality TV show’s paychecks, keeping up with the Kardashians, mobile game, Kimoji app, and endorsement deals.
Kim Kardashian is one of the most popular celebrities, and now she also becomes one of the richest people alive. Despite facing so much criticism, this star paid no heed to negative comments and has risen to the top. From amazing beauty products to high-end shapewear, Kim Kardashian’s businesses have always been up to the mark.