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The cosmetics and shapewear businesswoman, who
launched her career off the reality TV series "Keeping Up with
The Kardashians," was included on Tuesday for the first time on
Forbes magazine's list of the world's billionaires.
Forbes said it estimated that Kardashian, 40, "is now worth $1
billion, up from $780 million in October, thanks to two
lucrative businesses - KKW and Skims - as well as cash from
reality television and endorsement deals, and a number of
smaller investments."
The Forbes estimate means Kardashian joins her soon-to-be
ex-husband Kanye West in the billionaire's club. Forbes on
Tuesday estimated West's net worth at $1.8 billion, mostly from
deals on his Yeezy sneaker and fashion line.
Kardashian filed for divorce from West, 43, in February, citing
irreconcilable differences.
Her half sister Kylie Jenner, however, lost her billionaire
status, Forbes said on Tuesday. It valued the 23-year-old's
fortune at around $700 million, citing a tough year for cosmetic
sales during the coronavirus pandemic and what it said were
previous overestimates of revenue from Kylie Cosmetics, now 51%
owned by Coty Inc .
Kardashian founded KKW Beauty in 2017, promoting and selling the
products online, helped by a social media presence that includes
some 213 million Instagram followers. She launched the multihued
shapewear line Skims in 2019.
Kardashian celebrated on Tuesday by posting a photo of herself
in a bikini on a beach, with the caption "Bliss" and announcing
the launch of the first Skims pop-up shop at a high-end shopping
mall in Los Angeles.
(Reporting by Jill Serjeant; editing by Jonathan Oatis)
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