Kim Kardashian West is officially a billionaire

New York (CNN Business)Kim Kardashian West is joining the ranks of Jeff Bezos, Elon Musk, and other moguls: She is officially a billionaire, according to Forbes.
Forbes released its annual “World’s Billionaire List” Tuesday, which placed West on the elite list for the first time. The magazine said West’s booming businesses, KKW Beauty and Skims, helped put her over the top to achieve the billionaire benchmark when added to her television show and endorsement deals.
Kardashian West launched KKW Beauty in 2017, and Coty (COTY) acquired a 20% stake in the cosmetics line in a deal last year that valued the business at $1 billion. Forbes said her remaining stake in the business is worth about $500 million.
There’s also her other business: Skims, a collection of figure-hugging shapewear and bodysuits. Forbes said she has a majority stake in the private business, which hasn’t disclosed revenue — but a source told the magazine the company is valued “north of $500 million.” That means her stake is possibly worth $225 million, which is “enough to lift her fortune to $1 billion,” per Forbes.
Kardashian West also holds assets in cash, investments, and real estate. And though the family’s long-running E! show is about to end, a new deal with Hulu to create content will keep the TV money flowing.
It’s not the first time the Kardashian-Jenner family has appeared on a Forbes list. The magazine previously sparked controversy for crowning her younger sister Kylie Jenner the youngest-ever self-made billionaire at 21 years old. Critics argued Jenner can’t be considered self-made because she comes from a wealthy, well-known family.
In February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth a reported $6.6 billion with the vast majority of his wealth tied in his apparel businesses.

NEW YORK, NY – SEPTEMBER 08: Kim Kardashian attends Harper’s BAZAAR Celebration of “ICONS By Carine Roitfeld” at The Plaza Hotel presented by Infor, Laura Mercier, Stella Artois, FUJIFILM and SWAROVSKI on September 8, 2017 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Harper’s BAZAAR)

Blogs

Nick Cannon And Abby De La Rosa Are Expecting Twin Sons

Nick Cannon And Abby De La Rosa Are Expecting Twin Sons

The couple posted a stunning maternity picture on social media. Nick Cannon and Abby De La Rosa announced Sunday (April 11) that they are expecting twin boys. “Thank you for choosing me to be your Mommy. I know the Lord has destined me and prepared me for the gift of not one but two little…

Donald Trump urging legendary NFL running back Herschel Walker to run for U.S. Senate.

Donald Trump urging legendary NFL running back Herschel Walker to run for U.S. Senate.

Sports World Reacts To The Herschel Walker News Earlier this year, former United States president Donald Trump urged legendary NFL running back Herschel Walker to run for U.S. Senate. “Wouldn’t it be great if the legendary Herschel Walker ran for the United States Senate in Georgia?” Donald Trump wrote in an official statement. “He would…

NFL Admits Major Blown Call In 2020 Playoff Game

NFL Admits Major Blown Call In 2020 Playoff Game

Back in January of 2020, the Buffalo Bills fell in a heartbreaker to the Houston Texans in the AFC Wild Card round of the playoffs. Part of the reason for the late loss was a 15-yard penalty given to offensive lineman Chad Ford for an illegal blindside block that knocked Buffalo out of field goal…