According to “Forbes” reports, the worth of celebrities has increased from $780 million in October to $1 billion in recent weeks.
Mexico City- Kim Kardashian is officially a billionaire.
“Forbes” magazine announced on Tuesday that it was included in the global “billionaires” list for the first time, citing its two lucrative beauty companies KKW Beauty and Skims, and the reality show “Keep Up Up With” (Keep Up Up With). Kardashians) and the proceeds of endorsement transactions.
According to the publication, the value of Kardashian increased from 780 million U.S. dollars in October to 1 billion U.S. dollars in recent weeks.
After seeing the success of her sister Kylie Jenner’s makeup company Kylie Cosmetics, the socialite and businesswoman launched KKW Beauty in 2017.
Kardashian told Forbes when announcing her cosmetics line in 2017: “This is the first time I have stopped having a license agreement and become the owner.”
40-year-old Kim sold 20% of KKW Beauty to Coty for US$200 million, which made his company worth US$1 billion.
He founded the Skims shaping underwear company in 2019 and changed it to include casual clothes during the pandemic, when pandemic women began to switch to more comfortable clothes during the quarantine period. According to Forbes, he owns a majority stake in the company, and the company has not disclosed its earnings.
A few years ago, when she got the cover of the magazine for the first time, she joked: “It’s not bad for a girl with no talent.”
When Forbes listed Jenner, now 23, as the youngest billionaire, it faced controversy. The critic criticized the title because the young girl grew up in the already wealthy Kardashian-Jenner family.
“I really don’t understand the controversy that he realized everything with his own advantages. We all’created ourselves’. Is this different because we come from a successful family? To me, that really doesn’t make sense ,” Kardashian defended Jenner.
After she went public, Forbes published a report claiming that Kelly was disguised as a billionaire due to false tax returns. The publication eventually took the title from him after some time.
In May 2020, Forbes estimated that Jenner’s net worth was actually less than $900 million.
More than one business
This is what Kim Kardashian will not stop: businesswomen will expand their beauty empire by adding skin care products.
According to documents from the US Patent and Trademark Office obtained on page 6 of the news portal, the star filed a series of applications on March 30 to register SKKN in the name of KIM.
Judging from these reports, the new star’s new business will include skin care, hair care, nail products, perfumes, candles and other products.
Maybe Kim was inspired by her sister Kylie Skin. However, there is another competitor in the Kardashian family: mother Kris Jenner (Kris Jenner), she recently revealed that she also has “ready-to-wear” skin care lines at any time.