Kim is 2674th on the list of Forbes Billionaires. Since October, her net worth has increased from $780million to $1billion, according to the magazine.
Despite the global pandemic wreaking havoc on lower-earning classes, billionaires fared better than ever over the last 12 months; the list of billionaires is the longest it has ever been.
According to Forbes, there are now 2,755 billionaires in the world – 660 more than a year ago. In 2021, 493 people were named billionaires for the first time and several hundred who made the list in previous years then fell off last year returned to it again.
In 2020, there were only 178 new billionaires by comparison and a total of 2,095.
Amazon founder Jeff Bezos remains the richest man in the world with a net worth of $177 billion. Tesla founder Elon Musk is second with a net worth of $151 billion.
Kanye West is also on the list – he is ahead of Kim, in 1750th place with a net worth of $1.8billion. Kylie Jenner is no longer on the list, after selling a 51 percent stake of her company in 2020.
Kim’s net worth is now $1billion after growing her business empire over the last few years with her shapewear line Skims.
She has a $225million stake in Skims and in January last year, sold 20 percent of KKW Beauty to Coty for $200million while retaining 72 percent of the company – a stake worth $500million.
The reality TV star also earns at least $10million a year through her TV show Keeping Up with the Kardashians (now in its last season), ad campaigns, social media posts and through her game app, Kim Kardashian: Hollywood.
Kim Kardashian has been named a billionaire by Forbes, following in the footsteps of her younger sister Kylie and estranged husband Kanye West.
Kim is shown promoting Skims, left, which she owns a $225million stake of, and her beauty brand KKW Beauty, right, which she owns a $500million stake of
Kanye West is also on the list of billionaires. His net worth is higher than Kim’s at $1.8billion
KIM’S $1BN FORTUNE
SKIMS – $225million
Kim owns a majority stake in Skims.
The company is private and has not disclosed financials but sources tell Forbes it is worth $500million.
Her majority stake is worth an estimated $225m conservatively, which puts it at around 45%
KKW BEAUTY – $500million
KKW Beauty is Kim’s biggest earner. She owns 72% of the company which puts her stake at around $500million.
KKW Beauty owns KKW Fragrance, her perfume line.
COTY SALE – $200million
Last year, Kim sold a 20% stake in KKW Beauty to beauty giant Coty for $200million.
Coty also owns a chunk of Kylie Cosmetics
TV, ENDORSEMENTS AND VIDEO GAME – $10million a year
Forbes reports that every year since 2012, Kim has earned at least $10million through reality TV, ad campaigns and endorsements, including social media.
Keeping Up With The Kardashians, the show that made her family their millions, is wrapping after its current season.
STOCKS FROM KANYE – $100k in 2017, could now be worth $600k
In 2017, Kanye gave Kim $100k in Disney, Amazon and Apple stocks. It’s unclear how many she owns in each company but it’s estimated that they have grown to $600,000 in total value since then, based on how each has performed over the last four years.
Kim owns three Calabasas homes independently. It’s unclear how much they are worth.
She also owns a home with West in the Hidden Hills that they bought for $20million and spent $40million renovating.
Separately, he owns two ranches in Wyoming and an apartment in Miami.
She also holds an impressive stock portfolio that includes shares in Amazon and Disney.
Kanye gave her the portfolio as a Christmas gift in 2017.
At the time, it was worth $100,000.
It’s impossible to know its exact worth now because she has not disclosed how many shares she owns in each company and if she’s sold any of them, but based on how the companies have performed, it could now be worth $600,000.
Kim’s career began as a socialite and celebrity stylist before she and her family became reality TV stars thanks in part to a sex tape she made with the rapper Ray J.
She and the rest of the family have since capitalized on the fame to build a behemoth brand.
Since 2012, she has earned $10million a year through the reality TV show and endorsements every year, according to Forbes.
Her real estate empire sits on top of it.
She owns three homes in Calabasas and one with West worth $60million (they bought the Hidden Hills property for $20m in 2014 and have spent $40m renovating it).
Separately, he owns two ranches in Wyoming and an apartment in Miami.
Her business portfolio includes KKW Beauty, KKW Fragrance, Skims, personalized emojis called Kimojis and a virtual reality game based on her life.
She also earns enormous sums through social media endorsements and has profited from ad campaigns in the past.
Kim launched Skims in 2019 with $5million in funding from VC firm Imaginary Ventures.
She is the third person in her family to earn billionaire status.
Kylie Jenner, her 23-year-old sister, was the first in 2018 when, aged 21, she was named the youngest self-made billionaire in history.
She earned her fortune through her own make-up empire, Kylie Cosmetics, which she promoted entirely on social media.
Last April, Kanye West was named a billionaire by Forbes – largely the most trustworthy media authority on who gets the name – after pleading with them for months to look at his financials.
He said they’d snubbed him repeatedly for years, leaving him off of the annual April list, because of his race.
He showed them financial records from his enormously successful sneaker and clothes line, Yeezy, which backed up his status.
It’s unclear how their respective fortunes will be divided in their divorce, but it is more than likely the pair signed a pre-nuptial agreement when they got married in 2014.
Keeping Up with the Kardashians launched in 2007. At the time, Kim was known as a socialite and had appeared in a sex tape
Kim capitalized on reality TV fame to cash in through appearances, endorsement deals, magazine covers and ad campaigns. She is shown on the cover of Playboy, left, in 2007 and right, in a Carl’s Jr. campaign from 2010
Kim’s billionaire status comes amid her looming divorce from rapper Kanye West. Forbes declared him a billionaire last April after he pleaded with them for months to look at his financials
At the time, Kim was yet to launch her beauty and fragrance brands.
Kyle Jenner, Kim’s 23-year-old sister, was named the youngest self-made billionaire in 2018 aged 21. She too has a beauty brand
Kanye’s Yeezy show, a partnership with Adidas, was released in 2015, a year after the pair got married.
He had already made millions through his music career.
Despite being named a billionaire by Forbes last April, Kanye has repeatedly and publicly claimed to have money troubles.
He said in 2019 that he was $53million in debt.
Kim is now studying to become a lawyer and is focusing on jail and justice reform.
She has helped secure the release of some inmates already, and has taken her crusade to the White House.
Neither she nor any other member of the Kardashian clan has commented on her billionaire status.
Kim now is studying to become a lawyer. She is pictured at the White House in June 2019. She has successfully lobbied to release at least one prisoner so far