Kim Kardashian Net Worth In 2024? Get the Inside Scoop Here

When you hear the name Kim Kardashian, images of a curvy reality TV star and social media icon immediately come to mind. But behind the glitz and glamour, Kim has built herself into one of the richest and most successful entrepreneurs in the entertainment industry. Her net worth of $1.7 billion proves she’s far more than just a famous face – she’s a business mogul. In this article we talk about Kim Kardashian Net Worth In 2024.

From starring in Keeping Up with the Kardashians to launching multi-million dollar companies like KKW Beauty and SKIMS, let’s examine how Kim Kardashian accumulated her massive fortune and became a billionaire boss.

The Rise of a Reality TV Phenomenon

According to Celebrity Net Worth, born on October 21, 1980 in Los Angeles, Kim first gained major public attention through her friendship with Paris Hilton and a infamous 2007 sex tape leaked to the public. While potentially an embarrassing situation for some, the ever-savvy Kim managed to parlay the notoriety into a life-changing opportunity.

Keeping Up with the Kardashians premiered on E! in 2007 and quickly became a pop culture phenomenon. Over 20 seasons, the reality show chronicled the extraordinary lives of the Kardashian-Jenner clan – mom Kris, sisters Kourtney, Khloe, Kylie and Kendall, brother Rob, and Kim herself.

While Kim initially only earned around $15,000 per episode in the early seasons, her paycheck eventually skyrocketed to $500,000 as the show’s ratings dominated cable TV. The family were masters at monetizing their fame through endorsements, appearances and products galore.

In the beginning, a large portion of Kim’s annual earnings came from licensing deals and being an Instagram marketing influencer. One particularly lucrative deal was with the mobile game “Kim Kardashian: Hollywood” from which she earned millions in royalties. The game was downloaded over 60 million times and generated $200 million in revenue, with Kim pocketing a 28% cut.

Building Billion Dollar Businesses

While her name and fame opened doors, Kim proved she was far more than just a pretty face by successfully launching and scaling two massively profitable businesses: KKW Beauty and SKIMS.

KKW Beauty

Launched in 2017, KKW Beauty is Kim’s direct-to-consumer beauty line offering makeup, fragrance and other cosmetic products. The brand was an immediate hit, generating over $100 million in revenue in its first year.

In June 2020, Kim sold a 20% stake in the company to beauty conglomerate Coty Inc for $200 million. This staggering deal valued KKW Beauty at $1 billion, and Kim’s remaining 72% equity stake at $720 million.

The Coty deal alone increased Kim’s net worth to $900 million at the time. Not bad for a company that was just 3 years old!

SKIMS

If you thought KKW Beauty was impressive, Kim’s next business venture SKIMS took things to an entirely new level. Launched in 2019, SKIMS is Kim’s shapewear and bodywear line designed to provide solutions for every body.

From sculpting bras and leggings to cozy loungewear, SKIMS was an immediate sensation that was frequently sold out thanks to immense demand. Customers raved about the quality, fit and inclusivity of sizes and shades offered.

In early 2021, SKIMS raised $154 million in funding at a $1.6 billion valuation. Kim maintained a majority ownership stake after the raise.

Just over a year later in April 2022, SKIMS raised an additional $240 million at a massive $3.2 billion valuation. Kim and her business partner Jens Grede still controlled over 50% equity after this round.

The company’s growth and profitability has been nothing short of astonishing. In July 2023, SKIMS raised $270 million at a $4 billion valuation, with Kim and Jens maintaining their combined majority equity stake.

According to reports, SKIMS generated $500 million in revenue during 2022 and is projected to top $750 million in 2023. Those numbers would make the brand more valuable than companies like Spanx and Victoria’s Secret!

The Breakdown of Kim’s $1.7 Billion Fortune

Between her two wildly successful companies KKW Beauty and SKIMS, the net worth estimates value Kim Kardashian’s ownership stakes at around $1.6 billion alone.

She is believed to own a 1/3 equity stake in SKIMS at the current $4 billion valuation, equating to $1.32 billion on paper. Her remaining 72% stake in KKW Beauty at the $1 billion valuation is worth around $720 million.

When you add in her other assets and earning power from:

• Paid Instagram sponsorships (up to $1 million per post!)
• Reality TV show income
• Endorsement deals and appearances
• Investment portfolio and real estate holdings
• Other business ventures like her mobile game

It’s easy to see how Kim Kardashian’s total net worth has skyrocketed to $1.7 billion as of 2023, making her richer than established businesswomen like Rihanna and Kylie Jenner.

For a woman who started off as a closet organizer and stylist for celebrities like Paris Hilton, Kim has brilliantly leveraged her fame and brand into some of the most valuable consumer product companies in the world.

What’s Next for the $1.7 Billion Mogul?

While she may be best known as a reality TV star, there’s no doubt Kim Kardashian has proven herself as a wildly successful entrepreneur and savvy businesswoman worthy of her billionaire status.

At just 43 years old, there’s likely plenty more business ventures and money-making opportunities to come for this icon. SKIMS in particular could eventually be a $10+ billion global brand if growth continues at this blistering pace.

Kim has already achieved generational wealth and permanent place in pop culture. But knowing her drive and ambition, she’s likely just getting started on building an empire that will make her one of the richest self-made entrepreneurs in the world.

Her story is a testament to the power of audacious goals, unwavering self-belief and leveraging opportunities to their fullest. Clearly, Kim Kardashian was born to be a billionaire business mogul. I sincerely hope you find this “Kim Kardashian Net Worth In 2024? Get the Inside Scoop Here” article helpful.