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Kim Kardashian "Skims" is now $4 Billion worth!!

July 31, 2023

Kim Kardashian "Skims" is now $4 Billion worth!!

Kim Kardashian "Skims" is now $4 Billion worth!!
Kim Kardashian "Skims" is now $4 Billion worth!!
PC: Instagram

Kim Kardashian's shapewear brand, Skims, has recently reached a remarkable valuation of $4 billion, as reported by The New York Times. 

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This impressive feat was achieved after the brand raised $270 million in its latest funding round, led by Wellington Management, indicating substantial growth from its previous valuation of $3.2 billion in 2022. The success of Skims has significantly impacted Kim Kardashian's financial status, adding approximately $500 million to her net worth. With a 35% stake in the brand, Kardashian's net worth has now soared to $1.7 billion, marking a significant increase from her previous net worth of $1.2 billion. 

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This surge in wealth has solidified her position as one of the wealthiest female celebrities in America, ranking third on Forbes' list, trailing behind Oprah Winfrey and Rihanna. Aside from Skims, Kardashian's ventures in the beauty and entertainment industries have also contributed to her impressive wealth. In 2020, she sold a 20% share of her makeup and fragrance brand, KKW Beauty, to Coty, Inc., for a staggering $200 million. At the time of the sale, KKW Beauty was valued at $1 billion. In addition to her beauty ventures, Kardashian reportedly earns a substantial income from her reality TV show, "The Kardashians," which airs on Hulu, raking in about $7.5 million per season.

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In 2021, Kardashian decided to close down KKW Beauty and embarked on a new venture, launching a luxury skincare brand called SKKN by Kim in 2022. The brand offers a high-end nine-step skincare regimen retailing at $673.6. As of July 2023, Kim Kardashian is reportedly in negotiations to buy back the minority stake from Coty in an effort to expand SKKN's beauty categories. Additionally, she co-founded a private equity firm called SKKY Partners in 2022, alongside Jay Sammons, formerly of global investment firm Carlyle. SKKY Partners focuses on investing in various consumer and media companies, including those in the hospitality, digital, e-commerce, and luxury sectors. Kris Jenner, Kardashian's mother, serves as a partner at the firm.

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The Kardashian family's rise to fame can be traced back to their reality TV show, "Keeping Up With the Kardashians," which aired on E! for 20 seasons. The family secured a lucrative deal worth $150 million for the last five seasons, receiving approximately $30 million per season. The earnings from the show are divided equally among the family members. Beyond her TV career, Kim Kardashian's influence as a global influencer on social media has been substantial. With a massive following of 363 million on Instagram, she commands significant earnings from sponsored posts, earning between $300,000 to $1 million for each collaboration. 

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Over the years, she has engaged in numerous brand partnerships, including a line with Beats headphones called Beats x Kim and a custom flavor named 'Kimade' with the energy drink brand Alani Nu. In her personal life, Kardashian was formerly married to rapper Kanye West, and the couple shares four children. After their separation, she reportedly paid $23 million to retain their $60 million mansion. Kim Kardashian's success in the business world, entertainment industry, and social media has not only boosted her personal fortune but also cemented her status as a prominent figure in modern popular culture.

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