Kim Kardashian West Has
Become Part of The Billionaires Club
Kim Kardashian West has officially become a billionaire. Forbes magazine reported. Kim Kardashian is one of the most famous celebrities in the world. He has his business activities running all over the world. Its two main sources of income are its cosmetic and clothing lines: KKW Beauty and Skims. In addition to personal activities, Kim also rakes in millions from her participation in the reality TV show Keeping Up With The Kardashians, various deals, investments, and real estate.
Launched in 2017 and following in the footsteps of its sister Kylie Jenner’s Kylie Cosmetics, KKW Beauty by Kardashian West also used the DTC (direct-to-consumer) model. Utilizing its vast 213 million followers on Instagram, KKW Beauty's introductory contour sets sold out within two hours. The following year, its product line expanded to include eye shadows, concealers, lipsticks, and fragrances. The success of KKW Beauty caught the attention of the beauty conglomerate Coty, which bought a 20% stake for $ 200 million, which the company values at $ 1 billion. Similarly, Coty bought 51% of Kylie's cosmetics in 2020.