Forbes is tallying everyone’s money, and it appears that Kimmy Cakes has just joined the billionaire club! Kim Kardashian is now worth $1 billion, according to the publication’s estimates, due to her makeup and shapewear lines.
Kim K’s net worth was just $780 million in October, according to Forbes, but revenues from her KKW Beauty and Skims lines have helped her become a billionaire. Her reality television shows and sponsorship deals, according to the magazine, have also contributed to her popularity.
She created KKW Beauty in 2017 and has reportedly made about $100 million per year since then–intel she sold a 20 percent stake in the company to beauty conglomerate Coty. Her annual profits increased by $200 million as a result of the deal.
“It’s the first time I’ve moved away from having licensing deals and transitioned into be an owner,” Kim told Forbes in 2017.
Let’s speak about one of her most recent businesses, Skims. KKW’s shapewear line sparked some debate when it first launched, but it now appears to be creating more sales than controversy. Kim currently owns a majority stake in the venture, which Forbes estimates is worth $500 million.
Kim isn’t the first member of her celebrity-studded family to be named a billionaire by Forbes. Kanye West was the newest billionaire on the block in April 2020, according to the publication, thanks to his Yeezy apparel and shoe company.
Kylie Jenner was also rebuked by Forbes last year for reportedly lying about her own billionaire status.
