Summary List Placement
Reality TV star and fashion and beauty guru Kim Kardashian West has appeared on the Forbes World’s Billionaires List for the first time.
Forbes cites Kardashian West’s two businesses, shapewear company Skims and makeup line KKW Beauty, in addition to “reality television and endorsement deals and a number of smaller investments” as the reason for the valuation.
In June of 2020, Kardashian West sold a 20% stake in her cosmetics company KKW Beauty to makeup giant Coty, in a deal that ultimately placed the value of the brand at $1 billion overall, according to Reuters.
Kardashian West also earned money from her family’s E! network reality show, “Keeping Up With The Kardashians,” as well as real estate.
Forbes estimated Kardashian West’s net worth from October of last year at $780 million. Kardashian West’s soon-to-be-ex husband Kanye West also appeared on the Forbes list for the first time this year, with a valuation of $1.8 billion attributed to his sneaker brand Yeezy and his musical career. Forbes had previously confirmed West was worth $1.3 billion in August 2020, but he was not included in Forbes’ 2020 World’s Billionaires List as it was published in April.
2021 isn’t the first time Forbes has featured a member of the Kardashian-Jenner family. Kylie Jenner also once appeared in the pages of Forbes as a billionaire after launching her Kylie Cosmetics line. She appeared on the cover of Forbes’ women billionaires issue in August of 2018. However, Forbes later ran a major story saying that Jenner’s net worth had been overvalued and that Jenner was no longer considered a billionaire by Forbes’ standards.
Originally published at https://www.businessinsider.com/kim-kardashian-net-worth-officially-billionaire-forbes-list-2021-4 on .