With the success of her skimming brand, Kim Kardashian’s net worth has increased by a stunning $600 million.
She’s now worth an estimated $18 billion thanks to her growing brand’s value of $3.2billion, which has doubled in the last year.
This is an increase from $780 million in October 2020, according to Forbes.
An investment of $239 million was made public this week in the hot clothing venture, which was only founded in 2019 but now generates yearly sales of 274 million dollars.
According to the magazine, 41-year-old Kim, a mother of four, owns around a third of the company, making her share worth $900 million.
Lawyer Goldie Schon recently told The Sun that Kim “will make a whole lot, as it’s just another platform that gives her with worldwide visibility” following the company’s massive new deal.
CAUTION ⚠️ @BALENCIAGA ⚠️⚠️⚠️ pic.twitter.com/sRCWn0XisY
— Kim Kardashian (@KimKardashian) March 7, 2022
When the loungewear appeared on her website, she predicted that it would quickly become the most popular item on the site. As far as I know, she’s going to make $10 million or more.”
Thanks to her large social media following, Kim’s businesses, such as the cosmetics and fragrance company KKW Beauty, have become hugely popular among millennials.
Athletes from the United States have worn Skims “loungewear and underwear” in both the summer games in Tokyo and the winter games in Beijing.
Goldie went on to say that with so many people across the world tuning in to watch the Olympics, Kim had a “lucrative” opportunity for her business.
She described the exposure as “phenomenal” for her. Incredibly generous of you to provide this kind of information. Amazing, indeed.
A billionaire can be made by “showing the world that sex and sensationalism can be made.”
Keeping Up With Kim
Celebrities such as Kim Kardashian’s sister Kourtney, musician Billie Eilish, and Kanye West’s new girlfriend, actress Julia Fox, have all been spotted sporting the sought-after pieces.
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In the wake of the success of Kim Kardashian’s new reality program on Hulu, The Kardashians, she is looking to expand the firm even further.
We believe Skims has the potential to build its category in retail, much like Lululemon and Starbucks did in their respective fields,” CEO Jens Grade stated.
We’re doing all of this to make sure we’re ready for whatever the future holds.
