The American media personality and socialite, Kim Kardashian West, first appeared in the Forbes billionaire count, joining the ranks of moguls like Jeff Bezos, Elon Musk, and her younger sister, Kylie Jenner.
Forbes’ annual “World’s Billionaire List” was published Tuesday.
According to the magazine, Kardashian West’s booming businesses, including KKW Beauty and SKIMS, helped her rise to the top. The 40-year-old woman achieved the billionaire benchmark with her projects’ earnings added to her television show and endorsement deals.
The makeup brand KKW Beauty was launched in 2017.
Coty (COTY) acquired a 20% stake in the cosmetics and beauty products line last year, valuing the business at $1 billion. Kardashian West’s remaining stake in the company is worth around $500 million.
She also launched the underwear, loungewear, and shapewear brand SKIMS.
It is an oriented brand focused on creating a figure-hugging, next-generation collection of shapewear and bodysuits. Forbes stated that she has a majority stake in the private company that, according to one source, is valued “north of $500 million.”
That means a potential stake worth $225 million would be enough to raise Kim’s fortune to $1 billion, the magazine explained.
Kardashian West has more assets in real estate, investments, and cash. Besides, while the family’s long-running reality show, Keeping Up with the Kardashians, is nearing an end, a new deal with Hulu to create content will allow her to continue earning money from television.
Kim isn’t the only member of the Kardashian-Jenner family to appear on the Forbes list.
Previously, a controversial Forbes’ announcement called Kylie Jenner the youngest-ever self-made billionaire at 21 years old. However, the magazine’s statement was criticized, as many argued that Jenner could not be considered self-made because she comes from a rich and famous family.
Besides, in February, Kim Kardashian filed for divorce from Kanye West after a controversial period following the rapper’s running for president of the United States.
He became a billionaire last year and is reportedly worth $6.6 billion. Most of his wealth comes from his apparel businesses, which includes West’s Yeezy sneaker partnership with Adidas and his clothing line with the Gap.