Kim Kardashian is an American reality television star, model, entrepreneur, and spokesperson who has a net worth of $1.7 billion. She is one of the most famous and richest celebrities on the planet. In a given year, Kim earns $50 – 80 million between her various endeavors and growing empire. Let’s take a closer look at how Kim Kardashian built her wealth and the milestones she has achieved.
Early Life and Rise to Fame
Kim Kardashian was born on October 21, 1980, in Los Angeles, California. She started her career in Hollywood as an assistant and stylist to the stars, with one of her big early clients being her best friend, socialite Paris Hilton. Kim gained major attention after an infamous sex tape featuring her and Ray J was released. She parlayed this fame into her own reality show, “Keeping Up with the Kardashians,” which aired on E! for 20 seasons. Since then, Kim’s fame has skyrocketed, and she has become one of the most famous and successful celebrities on the planet.
SKIMS: A Billion-Dollar Shapewear Brand
A majority of Kim Kardashian’s wealth comes from her stake in Skims, a shapewear brand she co-founded in 2019. Skims has expanded beyond shapewear and now offers lounge and swimwear. The company’s sales are projected to reach $750 million in 2023, with a customer base composed of 70% Gen Z and millennial customers. In July 2023, Skims raised $270 million in a funding round, valuing the company at $4 billion. Kim Kardashian’s stake in Skims has contributed significantly to her net worth, making her a billionaire.
KKW Beauty & SKKN by Kim
In addition to Skims, Kim Kardashian founded KKW Beauty, a makeup and fragrance brand, in 2017. In 2020, she sold a 20% stake in KKW Beauty to international beauty company Coty, Inc., for $200 million, valuing the brand at $1 billion. Kardashian eventually shut down KKW Beauty in 2021 and launched a luxury skincare brand called SKKN by Kim in 2022. SKKN offers high-end skincare products, including a nine-step skincare regimen that retails for $673.
Other Ventures and Earnings
Kim Kardashian has ventured into various other business endeavors, including the launch of a private equity firm called SKKY Partners in 2022. The firm focuses on investing in consumer and media companies. Additionally, Kardashian has been a global influencer on social media, with over 363 million followers on Instagram. She earns between $300,000 and $1 million for each sponsored Instagram post and has collaborated with numerous brands over the years.
Kim Kardashian’s Net Worth Milestones
Kim Kardashian’s net worth has seen significant growth over the years. In 2009, her net worth was estimated at $10 million, which grew to $20 million by 2011 and $40 million by 2013. By 2015, her net worth reached $85 million, nearly doubling to $150 million by 2017. As of April 2020, her net worth was $350 million. In June 2020, her net worth increased to $900 million after selling a 20% stake in KKW Beauty. In April 2022, her net worth reached $1.4 billion after Skims raised $154 million at a valuation of $1.6 billion. As of October 2023, Kim Kardashian’s net worth stands at $1.7 billion.
Frequently Asked Questions (FAQs)
1. What is Kim Kardashian’s net worth?
Kim Kardashian’s net worth is $1.7 billion.
2. How did Kim Kardashian build her wealth?
Kim Kardashian built her wealth through various business ventures, including her stake in Skims, a shapewear brand, and her previous ownership of KKW Beauty. She has also earned significant income from her reality TV show, endorsements, and social media sponsorships.
3. What is Skims?
Skims is a shapewear brand co-founded by Kim Kardashian in 2019. It has since expanded to offer lounge and swimwear. Skims raised $270 million in a funding round in July 2023, valuing the company at $4 billion.
4. What other businesses does Kim Kardashian own?
In addition to Skims, Kim Kardashian has launched a luxury skincare brand called SKKN by Kim and a private equity firm called SKKY Partners. She has also collaborated with various brands and has a significant presence on social media.
5. How much does Kim Kardashian earn from Instagram?
Kim Kardashian earns between $300,000 and $1 million for each sponsored Instagram post. Her massive following and influence on social media have made her a highly sought-after brand collaborator.
6. What is Kim Kardashian’s net worth milestone?
Kim Kardashian’s net worth has seen significant milestones over the years. In June 2020, her net worth reached $900 million after selling a stake in KKW Beauty. In April 2022, her net worth reached $1.4 billion after Skims raised funding at a valuation of $1.6 billion. As of October 2023, her net worth stands at $1.7 billion.