Home LA Showbiz Kim Kardashian is officially a billionaire

Kim Kardashian is officially a billionaire

The 40-year-old is making bank

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Kim Kardashian is officially a billionaire, according to Forbes.

The reality star landed a spot in the magazine’s World’s Billionaires List today, for the first time ever.

Her fortune is largely thanks to her businesses, KKW Beauty and SKIMS, and her reality TV royalties, endorsement deals, and a number of smaller investments.

Kim’s KKW Beauty brand was valued at $1 billion last June, after she sold 20 percent of the company to Coty for $200 million.

The 40-year-old launched the brand back in 2017, before she launched her shape wear brand SKIMS in 2019.

Kim owns a majority stake in SKIMS, which is worth an estimated $225 million.

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The news comes after Kim’s younger sister Kylie Jenner sold 51% of her company Kylie Cosmetics to Coty in 2019 for $600 million.

At the time, the 22-year-old was officially declared a billionaire by Forbes, but the magazine later stripped her title after they accused her of inflating her wealth.

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