Kim Kardashian has officially announced billionaire status for the first time, according to Forbes.

Kim's two lucrative businesses, KKW Beauty and Skims have contributed to this her increased wealth. In addition to her business, her investments in real estate, income from Keeping up with The Kardashians and other endorsement deals have also contributed.

As per Forbes reports, Kim's net worth has gone up from $780 Million since October. Kim launched KKW Beauty in 2017 and has been reporting about $100 million every year. Later Kim sold 20% stake of company to a beauty company called Coty for whopping $200 million with an evaluation of her company at $1Billion. Currently , her stake in the company which is around 72 % is worth of $500 million.

Later in 2019, Kim launched her brand of shape wear under brand name "SKIMS".Skims has been a successful venture too for Kim. Last year , she pivoted Skims to loungewear and matching sets during coronavirus pandemic. 
The 'sculpting bra' and 'Fits Everybody range' have been the viral success products for Kim's company Skims.
In April 2020 , it was announced that  Kylie Jenner , Kim's half-sister was Forbes' youngest self-made billionaire for the second year in a row.

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