Forbes Officially Announces Kim Kardashian A Billionaire

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Kim Kardashian
American Reality TV star, Kim Kardashian has been officially declared a billionaire by Forbes magazine.The rating blog made the pronouncement on Tuesday, saying ”the media personality now has a net worth of $1 billion — an increase from $780 million in October last year.

“When Kim Kardashian West was first mentioned in the pages of Forbes in 2011, it was simply a tally of her Twitter followers: 6.6 million, just below Barack Obama and just above Ashton Kutcher. Five years later, she graced the cover of Forbes thanks to her booming mobile game, which helped her earn $51 million that year. Now, she officially joins the World’s Billionaires list for the first time,” Forbes says in a blog

Kim Kardashian JAMEL TOPPIN FOR FORBES
Kim Kardashian JAMEL TOPPIN FOR FORBES

 

”Forbes attributed the feat to Kim’s booming businesses — KKW Beauty and Skims — as well as earnings from reality television and endorsement deals and a number of smaller investments.

”Kim founded KKW Beauty in 2017 following the success of Kylie Cosmetics, owned by Kylie Jenner, her younger sister.

The company continued to pull the strings shortly after witnessing an expansion the following year during which it raked in a total of $100 million.

READ ALSO:  Lagos: Police Capture Run Away Suspected Robbers ,Mushin Leaders

”She thereafter launched Skims in 2019 and leveraged on her huge social media following to promote the business.

The 40-year-old sold 20 percent of KKW Beauty to Coty for $200 million last year, which put the value of her company at $1 billion — although Forbes said the figure was “a little bloated.”

“The rest of Kardashian West’s fortune sits in cash and investments, including real estate. Every year since 2012, she has earned at least $10 million pretax, by Forbes’ count, thanks to paychecks from ‘Keeping Up With the Kardashians’, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app,” Forbes said.

“She’s also got three properties in Calabasas, northwest of Los Angeles, and a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix, and Adidas that her soon-to-be ex-husband Kanye West gifted her for Christmas in 2017.

“But it’s the companies that she has launched herself, and grown with the typical Kardashian flare for self-promotion, that lands her on the World’s Billionaires list.”

READ ALSO:  Barr. Willy Amadi Caught In A S*x Scandal Tape

Forbes had in 2019 named Jenner the world’s youngest self-made billionaire but later withdrew the status, citing discrepancies in her actual net worth.

RECOMMENDED READ:
Halle Berry Looks Hot In Open-Sided Sequin Gown

Halle Berry The middle-age actress leaves little to the imagination in open-sided sequin dress   View this post on Instagram Read more

‘End Unfair Burdens On Developing Countries’ Says Osinbajo To World Leaders

Vice President Yemi Osinbajo SAN virtually delivers remarks at the Equity for Africa Event organized by Liberty University in Virginia, Read more

Woman insists that Prince Harry be imprisoned after saying he agreed to marry her.

A prosecutor has called for Prince Harry to be arrested for "breaking his promise" to marry her. Palwinder Kaur, a Read more

Vaccine passports: Don’t put God’s wrath down on yourself, warns Nigerian pastor to US President, Biden

Adewale Giwa, a Nigerian priest, has urged United States President Joe Biden to halt the Democrats' planned vaccine passports. Giwa, Read more

READ ALSO:  See Laycon's massive shoes to the Headies generating noise on Twitter
The Senate acts and charges the IGP in connection with suspected herdsmen attacks and killings in the Ebonyi Community.

The Nigerian Senate has issued a statement in response to recent bombings, shootings, and kidnappings in Ebonyi state by suspected Read more

World’s Largest Bunny was stolen from its owner’s house.

A bunny, thought to be the biggest in the world, has gone missing after being abducted from its owner's home. Read more

Who is Lakiha Spicer? All you need to know about Mike Tyson’s wife

Lakiha Spicer is best known as the third wife of former American heavyweight boxer, Mike Tyson. Lakiha “Kiki” Spicer was Read more

FFK on how a ship from Nigeria was impounded in China while attempting to smuggle in 7,200 penises.

Former Aviation Minister Femi Fani-Kayode says a Nigerian ship has been impounded while attempting to smuggle 7,200 penises into the Read more


Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply