Kim Kardashian West Officially Becomes A Billionaire

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American reality star, Kim Kardashian West has been officially declared a billionaire by Forbes magazine.

The reality TV star, 40, saw her net worth soar from $780m (£564m) in October to $1bn (£723m) this month, the magazine reports.

Her fortune comes mainly from her two businesses: the shapewear brand Skims, and the cosmetics company KKW Beauty.

Kim Kardashian West founded KKW Beauty in 2017. She looked to half-sister Kylie Jenner for inspiration, according to Forbes, following the success of Kylie Cosmetics.

Announcing her cosmetics line in 2017, Kardashian West told Forbes: “It’s the first time I’ve moved away from having licensing deals and transitioned into being an owner.”

Kardashian West sold 20 per cent of KKW Beauty to cosmetics giant Coty last year for 200 million dollars (£144 million), in a deal valuing the business at 1 billion dollars.

Her stake in Skims, a shapewear company, is valued by the magazine at a “conservative” 225 million dollars (£162 million).

She has also earned millions from her TV career – namely Keeping Up With The Kardashians – and endorsement deals.

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The rest of her estate is made up of her personal finances, properties and investments.

She is not the first member of her family to be crowned a billionaire by Forbes. Kylie, 23, was said to be a billionaire by the magazine, however in May last year it stripped her of the title and accused her of inflating the value of her business.

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