Kim Kardashian officially a billionaire – Forbes

1 min


0
Kim Kardashian officially a billionaire - Forbes



American reality tv star, Kim Kardashian, is officially a billionaire.
She is achieving billionaire status for the first time, according to Forbes, who announced her inclusion in their World’s Billionaires List on Tuesday.
Forbes estimates that Kardashian West is now worth $1 billion, up from $780 million in October, thanks to two lucrative businesses, KKW Beauty and Skims.
This means she has officially joined the ranks of Jeff Bezos, Elon Musk, and other billionaire business tycoons.
She also raked in megabucks from reality television and endorsement deals as well as a number of smaller investments.
‘‘She cashed in on that ownership last year when she sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million, a deal that valued the company at $1 billion.”
When Kim 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.
She would later grace the cover of Forbes in 2016 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.
But it’s the companies that she has launched herself, and grown with the typical Kardashian flair for self-promotion, that lands her on the World’s Billionaires list.
Elated
She tweeted the day she made the cover of Forbes, mocking the criticism she’s received for years: “Not bad for a girl with no talent.”
ALSO READ: TIMELINE: From Forbes to Jail: Journey of Obinwanne Okeke to prison
The rest of Kardashian West’s fortune sits in cash and investments, including real estate.Every year since 2012, Forbes said she earned at least $10 million pretax, thanks to paychecks from Keeping Up With the Kardashians, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app.
‘‘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 flair for self-promotion, that lands her on the World’s Billionaires list,’’ Forbes said in a statement.
Kardashian now has 69.6 million Twitter followers and 213 million followers on Instagram.

Support ‘ journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to , you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

TEXT AD: To advertise here . Call Willie +2347088095401…



Source link


What's Your Reaction?

hate hate
2
hate
confused confused
6
confused
fail fail
4
fail
fun fun
4
fun
geeky geeky
3
geeky
love love
1
love
lol lol
2
lol
omg omg
6
omg
win win
4
win
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Gif
GIF format