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Indulge me for a second with a fast journey down CelebrityNetWorth reminiscence lane, again to October 2009. Looking back, October 2009 was arguably crucial month within the historical past of CelebrityNetWorth. Having launched precisely one yr earlier with the shortened area “www.celebnetworth.com”, by October 2009 I used to be in the midst of a heated negotiation with the proprietor of the area “www.celebritynetworth.com”. We traded a half dozen emails, with me beginning with a proposal of $100 and ending at $1,000. “That is the very best I can go.”
On October 13, 2009 the vendor “accepted” my $1,000 provide… sort of. What he really did was settle for it because the opening bid in a one week public public sale that will be promoted throughout a preferred area sale web site referred to as Sedo. There could be an enormous “Featured Public sale” advert on the facet of Sedo for per week. The public sale could be promoted of their each day e-newsletter to who-knows what number of area scavengers.
I used to be sure another person would see the potential and both bid far more than I might afford or just drive up the ultimate value. On the time I had round $3,500 complete to my title. So even $1,000 was actually nearly a 3rd of my web value.
Seven extraordinarily lengthy days glided by. I attempted to place it out of my head and guarantee myself that the location could possibly be profitable as “celebnetworth.com”.
The public sale ended at 4:35 pm EST on October 20, 2009. The successful bid? $1,000. Amazingly, no different bids had been made.
It took a couple of week for my cost to be confirmed and the area transferred. On October 27, 2009, a flip was switched and “celebnetworth.com” formally turned “celebritynetworth.com”.
That is not the one vital CNW occasion that occurred that month. On October 3, 2009, Kim Kardashian’s net worth was first added to CNW. Unbeknownst to me on the time, this reasonably well-known actuality star (the fourth season of “Maintaining with the Kardashians” would debut a couple of weeks later) would go on to be crucial movie star in our database. Kim’s very first web value estimate?
$10 million
Quick ahead 11 years, 6 months and 6 days to the current. As of April 9, 2021, Kim Kardashian’s present web value is:
$1.4 billion
(Picture by Dimitrios Kambouris/Getty Pictures)
Kim Kardashian isn’t solely formally a billionaire, by our depend her web value is $1,400,000,000.
That is up from our earlier estimate of $900 million.
What’s driving the rise?
When you concentrate on Kim’s funds, YES she is persistently one of many highest-paid celebrities. In a give yr, Kim earns $50+ million from endorsement and licensing offers. Extra importantly although, the overwhelming majority of her web value lately is being pushed by the fairness values of two Kim-created firms:
- KKW Magnificence: A direct-to-consumer magnificence product firm.
and
- Skims: A shapewear firm.
KKW Magnificence
Kim launched KKW Magnificence in 2017 after seeing the big success of half-sister Kylie Jenner’s Kylie Cosmetics, which–after being launched principally from a bed room–was producing tens of thousands and thousands per yr in income. Kim’s first run of 300,000 contour kits offered out in a couple of hours. At this time the corporate makes lipsticks, fragrances, eye shadow, face lotions, concealers, and extra.
In June 2020 Kim offered a minority stake in KKW magnificence to cosmetics big Coty Inc. Coty is the exact same firm that purchased 51% of Kylie Cosmetics for $600 million simply seven months earlier.
KKW Magnificence was most-recently valued at $1 billion. Kim owns an estimated 80% of the corporate, giving her a pre-tax $800 million stake.
Skims
Not happy with one billion greenback enterprise, in 2019 Kim launched a shapewear firm which she initially referred to as “Kimono”. After being accused of cultural appropriation, she renamed the corporate Skims. She quickly raised $5 million in enterprise capital.
Shapewear, as I perceive it, is a leotard-like undergarment that sculpts and smooths-out the physique, which is particularly vital when one is sporting a decent outfit.
In 2020 Skims reportedly earned $145 million in income. The corporate will reportedly generate $300 million in gross sales in 2021.
Final week Forbes reported {that a} “supply” near Kim claimed that Skims was value $500 million.
In a New York Occasions article printed at this time, it was revealed that Skims just lately raised $154 million at a $1.6 BILLION valuation. The funding spherical was led by Thrive Capital whose founder is Joshua Kushner. Joshua’s spouse is supermodel Karlie Kloss. His brother is Jared Kushner, so he is in-law linked to the Trumps.
Kim is believed to personal 50-60% of the model after the current funding spherical, giving her a pre-tax stake value $800 – $960 million.
When mixed together with her different belongings and investments, we really feel assured in saying that Kim is value way more than $1 billion. By our calculations she’s value a minimal of $1.4 billion.
That is sufficient to make her the sixth-richest celebrity on this planet. She’s now $100 million richer than Jay-Z:
The Richest Celebrities within the World:
#7: Jay-Z Internet Value: $1.3 billion
#6: Kim Kardashian Internet Value: $1.4 billion
#5: Jami Gertz Internet Value: $3 billion
#4: Oprah Winfrey Internet Value: $3.5 billion
#3: Kanye West Internet Value: $6.6 billion
#2: Steven Spielberg Internet Value: $7.5 billion
#1: George Lucas Internet Value: $10 billion
As you possibly can see from the checklist above, Kim’s soon-to-be ex-husband Kanye West is value $6.6 billion. So in the event that they had been nonetheless collectively, the Kardashian-West mixed fortune could be $8 billion.
Congrats to Kim on her unbelievable success!
I ponder what her web value can be (and what this web site can be) after one other 11 years, 6 months and 6 days… I will put a observe in my calendar to publish an replace on October 15, 2032.
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