Forbes launched its annual “World Billionaire List” on Tuesday, which put West on the elite list for the first time. The magazine said West’s expanding business, KKW Beauty and Skims, helped put it at the top to reach the billionaire benchmark when added to its television program and sponsorship deals.
Kardashian West launched KKW Beauty in 2017 and Coty (COTY) acquired a 20% stake in the cosmetics line in a deal last year that valued the deal at $ 1 billion. Forbes said its remaining stake in the deal is worth about $ 500 million.
There is also his other business: Skims, a collection of shapewear and body that involves a body figure. Forbes said it has a majority stake in the private business, which did not disclose revenue – but a source told the magazine that the company is valued “at $ 500 million”. This means that your bet is possibly worth $ 225 million, which is “enough to raise your fortune to $ 1 billion”, according to Forbes.
Kardashian West also has cash, investment and real estate assets. And although the E! show is about to end, a new deal with Hulu to create content will keep TV money flowing.
It is not the first time that the Kardashian-Jenner family has appeared on a Forbes list. The magazine has already sparked controversy for crowning her younger sister, Kylie Jenner, the youngest billionaire of all time, at age 21. Critics have argued that Jenner cannot be considered self-made because she comes from a wealthy and well-known family.
In February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth about $ 6.6 billion, with the vast majority of his wealth tied to his clothing business.