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Kim Kardashian West, the US reality TV star is now in to the elite club of the super-rich by as she attains billionaire status.
To put the statistics her net worth reached $1bn (£720m) courtesy to her cosmetics and clothing interests as well as income from TV, endorsement deals and investments. She is now one of the 2,755 figures on Forbes’ World’s Billionaires List where Amazon founder Jeff Bezos leads the pack with a net worth of $177bn.
Other Americans added over the past year include Bumble dating app founder Whitney Wolfe Herd, filmmaker Tyler Perry and Miriam Adelson, widow of casino magnate Sheldon Adelson.
Kim Kardashian West’s estranged husband Kanye West is already on the list but her half-sister, Kylie Jenner, was removed May 2020 by Forbes. The magazine alleged her family had inflated the value of her cosmetics business.
Kim has used her huge social media presence on Instagram, Twitter during the coronavirus lockdowns to promote Skims loungewear. Forbes calculated that the 40 year old’s worth had risen to $1bn from $780m in October thanks especially to her stakes in the KKW Beauty cosmetics business and the Skims shapewear company.
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KKW Beauty was launched in 2017 and Skims just two years ago after the initial brand name Kimono was dropped following accusations of cultural appropriation.
Kim sold 20% of KKW Beauty to cosmetics giant Coty last year for $200m, in a deal valuing the business at $1bn. Her most recent project Skims offers underwear and loungewear in the founder’s signature minimalist style, and has proven successful during the work-from-home era.
