The magazine puts Kim K’s net worth at a cool billion bucks, up from around $780 million when it was last checked in October.
The Forbes team explained that Kim’s cosmetics line, KKW Beauty, and her SKIMS brand played a huge role in the increased wealth.
According to them, since KKW Beauty was launched in 2017, it has been bringing in about $100 mil annually, and when Kim also made a massive $200 million when she sold 20% of her ownership stake in the company to beauty conglomerate Coty.
Forbes also reveals that Kim’s remaining 72% stake in the company is worth around $500 million.
SKIMS on the other hand has yet to disclose its financials according to Forbes, but the magazine believes Kim’s ownership stake to be around $225 million.
The rest of the money that accounts for Kim Kardashian’s billion sits in cash and other investments which include real estate.
Forbes also says Kim has been receiving a sum of $10 million a year (pre-tax) from ‘KUWTK’ endorsement deals and other business ventures she had delved into over time and that sum is just the least they could figure out.