Kim Kardashian net worth: Is she a billionaire?
KIM Kardashian has transformed herself into a shrewd businesswoman and one of the most successful reality TV stars in history. It’s fair to say this meteoric rise to fame has increased her bank balance by quite a bit. What is Kim Kardashian’s net worth? As of April 2021, 40-year-old Kim is estimated to be worth […]
KIM Kardashian has transformed herself into a shrewd businesswoman and one of the most successful reality TV stars in history.
It’s fair to say this meteoric rise to fame has increased her bank balance by quite a bit.
What is Kim Kardashian’s net worth?
As of April 2021, 40-year-old Kim is estimated to be worth $1billion (£724million), according to Forbes.
This makes her the richest reality star in the world.
In 2020, Kim followed in her sister Kylie’s footsteps and sold a 20 percent stake in her KKW Beauty line to Coty for $200million (£145million).
Kim’s 72 percent stake in her cosmetics brand has an estimated value of $500million (£362million), while her majority stake of SKIMS is estimated at $225million (£163million).
How does Kim Kardashian make her money?
It’s fair to say that Kim has her finger on lots of pies.
Most of her wealth comes from her KKW Beauty company and SKIMS clothing brand, along with reality TV income, endorsements, and smaller investments.
She also has a huge property portfolio.
Kim also makes a huge amount of money from social media.
On Instagram alone she can command up to $500K for one post.
What does she spend her money on?
It has been reported that Kim spends AT LEAST $168,880 per month on a team of beauty experts to travel with her and take care of everything from make-up to teeth whitening duties.
One of Kim’s more blinged-out expenses was her diamond-encrusted grill, which set her back more than $60,000.
The cost is an estimate, but according to American Cosmetic Dentistry, it averages about $2,000 per tooth depending on the size and quality of the diamond.
Infamously, Kim rented an entire island to celebrate Kanye’s birthday last year, which received widespread backlash with many seeing the move as out of touch in the middle of a global pandemic.
The birthday present cost her $440,000 for just four days on the island.
More on Kim Kardashian
Is Kim the richest Kardashian?
Kim is the richest of all her sisters, with KKW Beauty regularly racking in more than $100m in revenue since its inception in 2017, launched off the back of the success half-sister Kylie had with her own make-up and cosmetic range.
Kim’s fist ever launch of 300,000 contour kits sold out within the first two hours of release.
“It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner,” Kardashian West told Forbes in 2017.
She eventually sold 20% of KKW Beauty to cosmetics conglomerate Coty for $200 million.