The Kardashian-Jenner family are known for a lot and their wealth is often at the top of this list. Although it is no top secret that they are extremely wealthy, most of its members fall far short of the billionaire title.
However, Kim Kardashian West has managed to climb to the top in recent years. According to Forbes, she now has a ten-digit net worth.
Kim Kardashian West Founded Successful Businesses
Kardashian West rose to fame as a reality TV star along with the rest of her family. Although this job has earned her a high salary, a large part of her financial success actually comes from being a businesswoman.
In 2017, Kardashian West launched her makeup company, KKW Beauty. Many of her content items sold instantly and the brand was a big hit with beauty gurus.
Two years later, Kardashian West took to shapewear with the launch of her SKIMS brand. According to Vogue Small business, SKIMS has enjoyed huge success even as many companies have been hit hard during the coronavirus pandemic (COVID-19).
Forbes recently declared Kim Kardashian West a billionaire
Some viewers believed it wouldn’t be long before Kardashian West was officially a billionaire. On April 6, 2021, Forbes confirmed this by stating that she had joined their ranks of billionaires.
“Forbes estimates Kardashian West is now worth $ 1 billion, up from $ 780 million in October, thanks to two lucrative businesses – KKW Natural beauty and Skims – as well as cash from reality TV and marketing contracts. , and a selected number of more modest investments, ”Outlet wrote.
Forbes noted that Kardashian West earns 10 million pounds each year. She also owns real estate and has investments in companies like Disney and Amazon.
Kylie Jenner has seen her billionaire status retracted
As many fans may know, Kardashian West is not the first member of her family to be labeled a billionaire.
Her younger sister, Kylie Jenner, was declared a billionaire by Forbes in 2019 thanks to the success of her makeup company, Kylie Cosmetics. Jenner has even been called the Most Self-Made Young Billionaire – a title that has sparked much debate on the World wide web.
However, a year later, Forbes stripped him of the title and released a report claiming his family had faked his tax returns to exaggerate his wealth.
Forbes wrote: “The documents released by the listed Coty [which bought 50 percent of Kylie Cosmetics in 2020] over the past 6 months Kylie’s business has been significantly smaller and less profitable than what the family has spent years leading the cosmetics industry and the media, including Forbes, to believe. “
Despite the scathing report, Jenner is by no means poor. Ultimately, Forbes thought his net worth was closer to $ 900 million than $ 1 billion, which now makes Jenner the second richest member of her family.