What is the net worth of Kim Kardashian?
With a net worth of $1.7 billion, Kim Kardashian is an American reality television personality, model, entrepreneur, and ambassador. Among the most well-known and wealthy celebrities on the globe is Kim Kardashian. Kim makes between $50 and 80 million a year from her varied ventures and expanding business.
Putting aside her countless endorsement contracts, Kim Kardashian's equity holdings in two businesses account for the majority of her net worth:
- Skims: A shapewear company.
- KKW Beauty: A direct-to-consumer beauty product line.
KKW Beauty Line was established in 2017 and currently has a gross revenue of over $100 million. Kim valued KKW Beauty Line at $1 billion after selling a 20% stake in the company for $200 million in June 2020. Kim's estimated net worth climbed to $900 million following the financing round, based on estimates from CNW.
She raised $5 million in 2019 from the venture capital firm Imaginary Ventures in order to introduce the Skims brand of shapewear. Skims raised $154 million at a $1.6 billion valuation in 2021. Kim held the majority ownership position even after the significant funding round. Skims raised capital in 2022, valued at $3.2 billion.
At a $4 billion valuation, Skims raised $270 million in July 2023. As per a report by Jens Grede, Kim's business partner, Skims generated $500 million in revenue in 2022 and is projected to reach $750 million by 2023. The majority of the company's equity is remains under Kim and Jens's hands, even after the July 2023 investment round. It's estimated that Jens and Kim jointly hold 1/3 of Skims. Therefore, the paper worth of those 1/3 holdings is $1.32 billion per at the $4 billion valuation. Kim Kardashian's net worth climbed from $1.4 billion to $1.7 billion at the July 2023 financing round.
Kim made $72 million from her numerous ventures between June 2018 and June 2019, and an additional $50 million between June 2019 and June 2020. For a while, Kim's yearly income was mostly derived from endorsement and license agreements. She amassed a modest income, for instance, from royalties from the mobile game "Kim Kardashian: Hollywood." nearly the end, the game brought nearly $200 million and was downloaded over 60 million times. Even now, Kim retains 28% of the money made by the app.
Kim's annual income is derived from appearance fees, endorsements, paid Instagram sponsorships, reality TV pay, and appearance fees in addition to her mobile app. She also owns a clothing line and a line of tanning products at Sears.
Kim kardashian kids |
As of my last update, Kim Kardashian has four children:
- North West - Born on June 15, 2013.
- Saint West - Born on December 5, 2015.
- Chicago West - Born on January 15, 2018.
- Psalm West - Born on May 9, 2019.
North West
Saint West
Saint West, West and Kardashian's second child, was born in Los Angeles on December 5, 2015. The credit for selecting Saint's unusual name goes to West. Before deciding on Saint, the rapper was reportedly "going back and forth for a while" because he wanted the name to have "spiritual significance."
Chicago West
Chicago West, West and Kardashian's third child, was born on January 15, 2018. Chicago was born to the couple through a surrogate following Kardashian's prior high-risk pregnancies. "We are incredibly grateful to our surrogate who made our dreams come true with the greatest gift one could give and to our wonderful doctors and nurses for their special care," Kardashian tweeted.
Psalm West
Psalm West, the youngest child of West and Kardashian, was born in Los Angeles on May 9, 2019, through surrogacy. Psalm's name has particular meaning for West and Kardashian, just like the names of the other of their children. Soon after the baby was born, Kardashian's mother, Kris, told ET Online, "The inspiration was the Book of Psalms in the Bible." "In my opinion, it's a beautiful approach to honor their feelings. And it's ideal because he is such a blessing."
 |
Kim Kardashian's fame was initially boosted by the release of a sex tape in 2007, which was made with her former boyfriend Ray J. The tape, titled "Kim Kardashian, Superstar," was leaked online without her consent and gained widespread attention. While the release of the tape played a role in increasing her public profile, Kim Kardashian has since gone on to build a successful career as a businesswoman, reality TV star, and influencer, with numerous ventures in fashion, beauty, and entertainment.
Tags
US Celeb News