Forbes released its annual “World Billionaires List” on Tuesday, making West rank among the elite for the first time. The magazine said that KKW Beauty and Skims, a booming business in the West, joined her in her TV shows and endorsement deals, making it the top billionaire.
Kardashian West launched KKW Beauty in 2017, Coty (COTY)
Last year, the company bought a 20% stake in the cosmetics production line for $1
billion. Forbes said her remaining shares in the business are worth about $500 million.
Her other business is: skim shoes, a series of body shaping pants and bodysuits. Forbes said she owns a majority stake in a private company that has not disclosed revenue. But a source told the magazine that the company’s market value was “more than $500 million.” According to “Forbes” reports, this means that her shares may be worth $225 million, “enough to increase her wealth to $1 billion.”
Kardashian West also holds cash, investments and real estate assets. Moreover, despite the long-term management of the family E! The show is about to end, and a new content creation agreement with Hulu will allow TV funds to flow continuously.
This is not the first time the Kardashian-Jenner family has appeared on the Forbes list. The magazine had previously caused controversy over the crowning of its sister Kylie Jenner as the 21-year-old youngest self-made billionaire. Critics believe that Jenna cannot be considered a confession because she comes from a well-known and wealthy family.
In February, Kardashian West filed for divorce from Kanye West on the grounds of irreconcilable differences. According to reports, Kanye himself is worth $6.6 billion, and most of his wealth is related to the clothing business.