Kim Kardashian is one of the world’s most renowned and wealthy celebrities. Reality star, model, entrepreneur, and public speaker. But how did she amass such a large fortune? Some of the important aspects that contributed to her achievement are listed below.
What is Kim Kardashian Net Worth?
Kim Kardashian is a $1.7 billion net-worth American reality television personality, model, entrepreneur, and ambassador. Kim Kardashian is one of the world’s most renowned and wealthy celebrities.
Kim generates between $50 and $80 million each year from her multiple ventures and her empire.Leaving aside her numerous endorsement deals, the majority of Kim Kardashian’s net worth is due to stock investments in two companies:
- KKW Beauty is a direct-to-consumer beauty product line.
- Skims: A shapewear company.
KKW Beauty and SKKN By Kim
Kim Kardashian founded KKW Beauty, a cosmetics and fragrance firm, in 2017, following in the footsteps of her half-sister Kylie Jenner.
The brand, which sells lipsticks, eyeshadows, foundations, and scents, has been a big success, grossing more than $100 million in its first year. Kim sold 20% of KKW Beauty to Coty, a beauty conglomerate, for $200 million in 2020, valuing the company at $1 billion. In 2021, she will close KKW Beauty and relaunch it as SKKN By Kim, a high-end skincare line that will increase her earnings even further.
Skims
Kim Kardashian founded the shapewear and loungewear company Skims in 2019, to produce items that are welcoming and comfortable for women of all shapes and sizes. The brand, which sells bodysuits, bras, leggings, and robes, has proven popular with customers, particularly during the pandemic, when demand for warm gear skyrocketed.
Skims is now valued at $4 billion following a 2023 financing round that included investors such as Stephen Mandel, Daniel Sundheim, and Josh Kushner. Kim owns the majority of the company, which accounts for the majority of her net worth.
Early Life and Rise to Fame
Kim Kardashian was born in Los Angeles, California, on October 21, 1980. Robert Kardashian, Kim’s father, was one of OJ Simpson’s defense attorneys. Kris Kardashian, also known as Kris Jenner, is her mother.
Kim began her work in Hollywood as an assistant and celebrity stylist. Paris Hilton, her best friend and fellow socialite, was one of her first major clients. Kim Kardashian has two sisters, Kourtney and Khloe Kardashian, as well as her mother, Kris, and two half-sisters, Kendall and Kylie.
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Bruce Jenner (now known as Caitlyn Jenner) is the father of Kyle and Kendall. Kim has ascended through the ranks of celebrities over the last decade to become one of the world’s most famous and successful superstars. She is a literal media mogul with a highly profitable corporate empire.
Kim’s empire now includes a cosmetics business, appearance fees, a television salary, a clothing brand, weight reduction items, perfume, and retail sponsorships. Kim rose to prominence with the emergence of a notorious sex tape between her and Ray J. Kim used her celebrity to launch her reality show, Keeping Up with the Kardashians, on the E! network.
Kim’s celebrity has since catapulted to the stratosphere. She has appeared in films, on thousands of magazine covers, and on various reality spinoffs, including the most current The Kardashians reality series, which will be available on Hulu in 2022. She will also appear in American Horror Story’s 12th season in 2023.
How Much Money Does Kim Kardashian Make a Year?
Kardashian’s annual earnings vary according to her initiatives and brands. Having said that, she earns an average of $80 million per year.
This includes her earnings from reality TV series, fragrances, cosmetics, social media, clothing lines, smartphone apps, and other ventures.
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