Kim Kardashian West joins billionaire club

Kim Kardashian West joins billionaire club
Kim Kardashian West at Paris Fashion week last year. Source: Getty Images
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Daily US Times: Kim Kardashian West has joined the elite club of the super-rich by achieving billionaire status.

Forbes business magazine says the US reality TV star’s net worth reached $1bn thanks to her cosmetics and clothing interests as well as income from TV, investments and endorsement deals.

Ms Kardashian is now one of the 2,755 figures on Forbes’ World’s Billionaires List.

Amazon founder Jeff Bezos leads the list with a net worth of $177bn.

Other Americans added over the past year include filmmaker Tyler Perry ($1bn) and Miriam Adelson ($38.2bn), Bumble dating app founder Whitney Wolfe Herd ($1.3bn).

Kim Kardashian West’s estranged husband Kanye West is already on the billionaire list with an estimated worth of $1.8bn but her half-sister, Kylie Jenner, was removed from the list last May by Forbes.

Forbes alleged her family had inflated the value of her cosmetics business.

Forbes calculated that the supermodel’s worth had risen to $1bn from $780m in October thanks especially to her stakes in the Skims shapewear company and KKW Beauty cosmetics business.

Skims just two years ago after the initial brand name Kimono was dropped following accusations of cultural appropriation, while KKW Beauty was launched in 2017.

Ms Kardashian West sold 20 percent of her KKW Beauty to cosmetics giant Coty last year for $200m, in a deal valuing the business at $1bn.

Her most recent project Skims offers loungewear and underwear in the founder’s signature minimalist style, and has proven successful during the work-from-home era.

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