She is collaborating with Jay Sammons, a former Carlyle Group executive, to start SKKY Partners, a new firm that will invest in fast-growing businesses in a variety of industries, including hotel, media, and consumer products.
The fund has not yet begun soliciting funds, and SKKY has said little about its plans. SKYY, on the other hand, will make “both control and minority investments in firms,” according to the couple.
“The interesting part is sitting down with these founders and figuring out what their ambition is,” Kardashian said in an interview with the Journal. “I want to support that, not change who they are in their DNA, but just help them reach to a different level.”
Sammons left Carlyle last summer after a 16-year tenure in which he invested in several well-known firms, including Supreme and Beats by Dre. He has known the Kardashians for several years and approached them with the idea. Kris Jenner, Kardashian’s mother, and manager will become a partner in SKKY.
Introducing SKKY Partners, a private equity firm co-founded by Kim Kardashian and Jay Sammons that focuses on both control and minority investments in high-growth, market-leading consumer and media companies. pic.twitter.com/hstLMRjFeo
— SKKY Partners (@SKKYPartners) September 7, 2022
According to them, the Kardashian-Sammons couple is a good match. Sammons has two decades of investing experience, and Kardashian is perhaps the most popular woman in the world, given to her TV fame and business empire. This could help SKKY gain new clients and promote the brands in which it invests.
Following a new round of funding earlier this year, Kardashian launched Skims, an apparel company valued at around $3 billion.
According to Forbes, Kim became a billionaire last year as a result of Skims and her makeup company KKW Beauty. She has cash, investments, and real estate as assets.
FAQs
Kim Kardashian’s marriage lasted how long?
She also married NBA player Kris Humphries in 2011, following their romance and engagement on Keeping Up With the Kardashians. Unfortunately, they divorced only 72 days after their wedding, and she filed for divorce in October 2011. After a protracted legal struggle, they divorced in April 2013.
What religion do the Kardashians follow?
The Kardashians are Christians who have spoken about their faith on numerous occasions, frequently citing it in their social media posts, though it is unclear which denomination of Christianity they belong to.
How did Kardashians become famous?
Kardashian was largely unknown until early 2007, when a sex tape starring her and her boyfriend, Ray J, was leaked online. The publicity helped the Kardashians land a reality TV show.
How do I get in touch with Kim Kardashian?
Contact Kim Kardashian through her Official Site (Email | SKIMS | SKKN by Kim), Facebook (Keeping Up with the Kardashians | Kim Kardashian: Hollywood | SKIMS | SKKN | The Kardashians on Hulu), and Instagram (Keeping Up with the Kardashians | Kim Kardashian: Hollywood | SKKN by Kim | SKIMS | The Kardashians | The…