LOS ANGELES (REUTERS) – Kim Kardashian has added billionaire to her resume.
The cosmetics and shapewear businesswoman, who launched her profession off the fact TV collection Retaining Up With The Kardashians, was included on Tuesday (April 6) for the primary time on Forbes journal’s record of the world’s billionaires.
Forbes stated it estimated that Kardashian, 40, “is now value US$1 billion (S$1.3 billion), up from US$780 million in October, thanks to 2 profitable companies – KKW and Skims – in addition to money from actuality tv and endorsement offers, and a variety of smaller investments.” US$1 billion equates to round S$1.3 billion.
The Forbes estimate means Kardashian joins her soon-to-be ex-husband Kanye West within the billionaire’s membership. Forbes on Tuesday estimated West’s internet value at US$1.8 billion, principally from offers on his Yeezy sneaker and trend line.
Kardashian filed for divorce from West, 43, in February, citing irreconcilable variations.
Her half sister Kylie Jenner, however, lost her billionaire status, Forbes stated on Tuesday.
It valued the 23-year-old’s fortune at round US$700 million, citing a troublesome 12 months for beauty gross sales in the course of the coronavirus pandemic and what it stated have been earlier overestimates of income from Kylie Cosmetics, now 51 per cent owned by Coty.
Kardashian based KKW Magnificence in 2017, selling and promoting the merchandise on-line, helped by a social media presence that features some 213 million Instagram followers. She launched the multihued shapewear line Skims in 2019.
Kardashian celebrated on Tuesday by posting a photograph of herself in a bikini on a seashore, with the caption “Bliss” and asserting the launch of the primary Skims pop-up store at a high-end shopping center in Los Angeles.