While her ex-husband lost most of his assets and encountered countless financial difficulties, this female billionaire continued to “do well”.
According to The Richest newspaper, since the divorce, Kim Kardashian’s net worth is making clear progress, on track to double thanks to her new business project. Meanwhile, her ex-husband Kanye West is facing countless financial difficulties after losing his long-term partnership with Yeezy and Adidas, and no longer has his billionaire status.
Kim is currently worth an estimated $1.7 billion, much of which is due to the success of her fashion brand SKIMS – which was valued at $4 billion earlier this year. This is a huge number that Kim Kardashian and business partner Jens Grede have built in just 4 years. This fashion company also aspires to become one of the next major brands to be widely popular.
Due to co-ownership of the brand, this positive news impacted Kim Kardashian’s net worth, increasing to a large extent that surprised many audiences. An expert also predicted in the Mirror that the female billionaire’s assets will most likely double thanks to this move.
Looking back at Kim Kardashian’s successful journey, Hollywood media had to identify her as a case of “famous for being famous”.
Initially, Kim was just a stylist and friend of reality TV star Paris Hilton. She was first introduced through the show The Simple Life in 2006 but did not leave a big impression.
By 2007, television channel E! invited Kim Kardashian and her family to become the main cast of the show Keeping up with the Kardashians, and since then Kim has become a globally famous female entertainer.
Kim Kardashian’s success is truly unimaginable for a reality TV star, even said to surpass that of Paris Hilton. In 2020, Kim Kardashian’s net worth reached $1.5 billion, making her a billionaire.
Not stopping there, Kim continues to consolidate her wealth by constantly investing in every field she can do such as business, fashion, cosmetics, being a cover model, participating in game shows. , even acting… Along with her siblings Khloe and Kourtney, the Kardashian sisters were ranked by TIME magazine as one of the 100 most powerful stars in the world in 2015.
At present, SKIMS is one of the main sources of income for the 42-year-old businesswoman. Forbes also believes that the business project has brought about 3/4 of her net worth.
SKIMS is planning to expand further, which should bode well for the billionaire’s personal net worth. The company has announced plans to open its first brick-and-mortar retail store in the US, expected to be located in Los Angeles in early 2024. They have lined up a retail space of more than 5,000 square feet. The store will be located on Sunset Boulevard, near popular stores like Supreme and Kilth.
This will be the first step for SKIMS to explore the market. As expected, if it receives positive signals, this brand will certainly open more retail stores across the US in 2024. In addition, this brand also plans to expand its presence. itself in the international market. Some potential locations being considered are Paris and Hong Kong (China).
In addition to her fashion brand, Kim also owns several beauty companies under her name, including KKW Cosmetics and SKKN. She suspended production of both companies last year after Coy Inc. Buy shares of these brands and have a reform plan. This deal is worth up to 200 million USD and brings the valuation of the KKW Holdings brand to an impressive level of 1 billion USD.
Most recently, in July, it was reported that Kim was in talks to buy back shares because he was unhappy with the way Coty was handling its brand.
Kim’s sister, Kylie Jenner, made a similar move after selling a majority stake in her Kylie Cosmetics brand to Coty Inc. last year.
