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Jul 19, 2023 · Her shapewear line Skims revealed Wednesday that it has raised a fresh $270 million in funding, pushing its valuation to $4 billion–enough to add around $500 million to Kardashian’s fortune.
- Chase Peterson-Withorn
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- Overview
- SKIMS
- KKW Beauty & SKKN by Kim
- SKKY
- Keeping Up With the Kardashians
- Social Media
Kim Kardashian’s shapewear brand, Skims, is now worth $4 billion, according to
Skims raised $270 million in a
led by asset management company Wellington Management. That’s up from 2022, when Skims was valued at $3.2 billion by investors.
The latest Skims funding round added about $500 million to Kardashian’s fortune
Kardashian now has a net worth of $1.7 billion—up from $1.2 billion—thanks to Skims, in which she has a 35% stake. The billionaire TV star and business mogul ranked third on
list of the Richest Women Celebrities in America, behind Oprah Winfrey and
A majority of Kardashian’s wealth comes from her stake in Skims, which she co-founded along with business partners Emma and Jens Grede in 2019. While the company started as an online shapewear brand, it has added lounge and swimwear and has plans to open physical stores and sell men’s clothing. Skims’ sales are projected to reach $750 million in 20...
Kardashian founded KKW Beauty, a makeup and fragrance brand, in 2017. In 2020, Kardashian sold 20% of KKW Beauty to international beauty company Coty, Inc., for $200 million. The company was valued at $1 billion at the time. Kardashian eventually shut down KKW Beauty in 2021 and launched a luxury skincare brand, SKKN by Kim, in 2022. Among its products, the high-end brand features a nine-step skincare regimen that retails for $673.
As of July 2023, Kardashian is reportedly in talks to buy back the minority stake from Coty to expand SKKN’s beauty categories, according to
In 2022, Kardashian launched a
, SKKY Partners, along with Jay Sammons, a former partner at global investment firm Carlyle. The firm’s main focus is investing in consumer and media companies across various sectors, including hospitality, digital and e-commerce and luxury. SKKY is reportedly looking to raise at least $1 billion from investors
Kardashian (along with the rest of her family), rose to fame from their reality TV show
Keeping Up With the Kardashians,
which aired on E! For 20 seasons. According to
the Kardashians signed a $150 million deal with E! Network for the last five seasons of KUWTK, for about $30 million per season. In an interview, Jenner told Ellen Degeneres that the money from KUWTK is split evenly among the family.
When the show was on E!, Kardashian reportedly earned about $4.5 million per season. In 2021, the family started another reality TV show on Hulu called
a deal that reportedly paid the Kardashian-Jenners a nine-figure salary. That’s at least $100 million for the three seasons currently streaming on Hulu. Kim, an executive producer, earns between $7.5 million and $8.3 million per season on
Kardashian has been a global influencer on social media for years, and the Kardashians have long been considered the family that shaped influencer culture. Kim has 363 million followers on Instagram and earns between $300,000 and $1 million for each sponsored Instagram post
The business mogul has done numerous brand collaborations over the years. Some of Kardashian’s most recent brand partnerships include a line with Beats headphones, called Beats x Kim, and a custom flavor called ‘Kimade’ with the energy drink brand Alani Nu.
Jul 19, 2023 · Skims has raised $270 million in a new funding round that values it at $4 billion, the company plans to announce on Wednesday. That’s up from the $3.2 billion valuation investors gave the ...
May 7, 2024 · Skims was most recently valued at $4 billion after a funding round last summer, a valuation that propelled Kardashian to sixth on Forbes’ list of the World’s Celebrity Billionaires 2024 with...
Apr 9, 2021 · Her shapewear company, Skims, is now valued at $1.6 billion, even as shoppers shifted to looser-fitting clothes during lockdowns. Kim Kardashian West in her Skims pop-up store in Los Angeles...
Jul 20, 2023 · Kim Kardashian's Skims now valued at $4 billion with plans to open physical stores next year. Kim Kardashian’s flattering shapewear brand Skims has entered its billionaire era about four...
Jul 19, 2023 · Kim Kardashian ’s Skims underwear label has raised fresh funding that values the company at $4 billion. The $270 million funding round was led by Wellington Management Group and joined by ...
