Kim Kardashian has finally reached billionaire status, proving to the world that hard work can pay off. Though her sister Kylie Jenner came close and actually made it on the Forbes’ youngest ever billionaire list but was stripped of her title after it was discovered that her wealth had been inflated by members of her family, primarily momager Kris Jenner.
Since October 2020, Forbes claims that Kim Kardashian’s net worth has skyrocketed from $780 million to $1 billion coming from her businesses KKW Beauty, KKW Fragrance, SKIMS, KUWTK paycheck, endorsement deals and investments.
In June 2020, she had sold 20% of KKW Beautty to Coty for $200m which had valued the business at $1bn. In 2019, in an interview with WWD, Kim Kardashian said that KKW Beauty and KKW Fragrance sales had been strong despite the prestige costmetics sales declining.
"I'm very active during sales and launches," the mom of four said. "We've doubled in a year. It just makes me proud of the brand and makes me want to push to do exactly what I want to do and continue to make the products that I love and stay true to the authentic collaboration."
Though Kim Kardahsian hasn’t disclosed exactly what SKIMS has earnt, the items are almost always sold out and it is thought that SKIMS is valued over $500m with Kim’s stake at around $225m.
Her hard work and dedication is certainly impressive and to achieve this wealth during a pandemic too. Twitter remained mainly positive about the news, one user wrote;
Another user used an earlier quote she had used when she faced backlash over her appearing on the cover of Forbes magazine in 2016 with a self-deprecating tweet.
‘Not bad for a girl with no talent.'” She had written at the time to address the haters who claimed that the Kadashians were talentless.
The user wrote;
Many were however not surprised. One user wrote;
Kim Kardashian has always said she worked hard and many have admired her work ethics which have clearly paid off in this case.