Kim Kardashian West has reached billionaire status. The reality star and businesswoman is now worth $1 billion, up from $780 million in October. According to a Forbes report published Tuesday, earning her a spot on the outlet’s World’s Billionaires List.
Forbes primarily credits Kardashian West’s “two lucrative businesses,” cosmetics company KKW Beauty and shapewear company Skims, for accelerating her to 10 figures.
The business magazine says it determines a person’s wealth using stock prices and exchange rates from March 5, 2021. “We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes,” it notes in its methodology.
This isn’t the first time a member of the famous “Keeping up with the Kardashians” family has made the billionaires list – well, at least momentarily.
In March 2019, Forbes named Kardashian West’s sister Kylie Jenner the youngest self-made billionaire, but the title didn’t last long. In May 2020, Forbes refuted its own report saying that Jenner’s cosmetics company, Kylie’s Cosmetics, was “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets.”