Early Years and Ascension to Fame
Kim Kardashian was born in Los Angeles, California on October 21, 1980. Robert Kardashian, Kim’s father, was one of OJ Simpson’s defense attorneys. Kris Kardashian, also known as Kris Jenner, is her mother. Kim began her work in Hollywood as a star’s assistant and stylist. Paris Hilton, her best friend, and socialite was one of her first significant clients.
Kim Kardashian is the mother of two half-sisters, Kendall and Kylie, and has two sisters, Kourtney and Khloe Kardashian. Bruce Jenner, a former Olympic athlete, is Kyle and Kendall’s father (now known as Caitlyn Jenner). Kim has risen through the ranks of celebrity over the last ten years to become one of the world’s most well-known and successful figures. She is a multibillion-dollar media magnate with a thriving corporate empire. Kim’s empire now includes a cosmetics brand, personal appearance fees, a television salary, a clothing line, weight-loss goods, perfume, and retail sponsorships, among other things.
Kim rose to prominence with the emergence of a notorious sex tape featuring her and Ray J. Kim used her celebrity to launch her own reality show on the E! network, Keeping Up with the Kardashians. Since then, Kim’s celebrity has soared to new heights. She’s starred in films, adorned the covers of thousands of magazines, and appeared on a number of reality shows.
Kardashian has dated a number of NFL athletes, NBA players, and rappers along the road. Kris Humphries, an NBA player, proposed to her in 2011 and they married in 2012. The marriage barely lasted 72 days. Kim made $18 million from the wedding’s endorsements and television rights.
After a highly publicized relationship and multiple appearances by Kanye on Keeping Up with the Kardashians, Kim married music mogul Kanye West. Their daughter, North West, was born on June 15, 2013, and they married on May 24, 2014. They have three children now. Kim Filed for Divorce From Kanye on February 19, 2021
Who Is the Richest Kardashian? More Kim Kardashian’s Net Worth!
- Kim purchased a $4.8 million Beverly Hills property in March 2010. It’s a Tuscan-style five-bedroom home on four acres on some of the world’s most expensive real estate.
- Kim’s income for her reality program used to be roughly $15,000 per episode, but it was recently boosted to $500,000.
- Kim and her then-husband Kris Humphries stayed in the Ganesvoort Hotel’s Presidential Suite for several weeks while filming “Kourtney and Kim Take New York.” The suite is priced at $7000 per night.
- Kim wore a $2.5 million Lorraine Schwartz 65 carat brilliant diamond tiara, a $2 million 20.5 carat diamond engagement ring, and $5 million 28 carat diamond earrings to her wedding. On her wedding day, she wore a total of more than $10 million in jewelry. Not to mention her $150,000 hair and makeup budget.
- In 2014, she earned $28 million.
- She earned $53 million in 2015, making her the world’s highest-paid celebrity for the first time.
- Since 2015, she has made between $50 and $80 million every year.
Milestones in Kim Kardashian’s Net Worth
- Kim’s net worth has been tracked since October 2009. We estimated her net worth at $10 million at the time. Her net worth had risen to $20 million by 2011. She was valued at $40 million in January 2013. Kim’s fortunes exploded during the next five years… in a good way. She was valued at $85 million in 2015. By 2017, her net worth had nearly risen to $150 million. Kim Kardashian’s net worth is $350 million as of April 2020.
- On June 29, 2020, we reported that Coty Inc. had purchased a 20% stake in KKW Beauty for $200 million, bringing Kim’s net worth to $900 million. The total brand was valued at $1 billion as a result of this purchase. After the $720 million acquisition, Kim still owns 72 percent of the company.
- On April 9, 2020, we increased Kim’s net worth to $1.4 billion after learning that Skims had received $154 million at a $1.6 billion valuation. She is thought to possess between 50 and 60 percent of the corporation.
Purchasing Real Estate
Kim purchased a property in LA’s Bel Air district for $9 million in 2013. While her Hidden Hills property was being completed, she and Kanye spent several million dollars on extensive improvements and stayed in this home. Kim sold the Bel Air home for $18 million in 2017.
Kim has lived in a big mansion within a gated enclave in Hidden Hills, California, since August 2014. The house was purchased for $20 million from a doctor by Kim and Kanye. In 2010, the doctor paid $5 million for the home from Lisa Marie Presley.
Kim and Kanye then spent the next two years completely renovating their home. Unfortunately, Kanye was dissatisfied with the final product in 2016, so they had to start over. They bought nearby properties in two transactions in 2019, bringing their total footprint to 7.5 acres. Two swimming pools, two spas, a private vineyard, a full-sized basketball court, and a custom-built residence are all included in the property.
When a wildfire drew dangerously close to their home in 2018, they were forced to flee. Thankfully, Kim and Kanye had purchased an insurance policy that included private firefighter coverage. Not only did the firefighters save their home, but they also saved the entire neighborhood at Kim and Kanye’s expense.
How Much Does Kim Kardashian Have in Net Worth? Find Out How She Became a Multi-Billionaire.
When Kim Kardashian West was initially profiled in Forbes in 2011, it was merely a count of her Twitter followers: 6.6 million, just behind Barack Obama and above Ashton Kutcher. She graced the cover of Forbes five years later, thanks to her lucrative mobile game, which helped her make $51 million that year. She is now officially listed among the World’s Billionaires for the first time.
Kardashian West’s net worth has risen to $1 billion, up from $780 million in October, thanks to two profitable businesses—KKW Beauty and Skims—as well as cash from reality television and endorsement deals, as well as a number of smaller ventures, according to Forbes.
Following the success of her half-sister Kylie Jenner’s Kylie Cosmetics, Kardashian West launched KKW Beauty in 2017. She took a page from Kylie’s book, employing a direct-to-consumer approach that mainly focuses on social media marketing. Her initial introduction of 300,000 contour kits sold out in less than two hours. By 2018, the company had grown into eyeshadows, concealers, lipsticks, and fragrances, and had sales of around $100 million.
When Kardashian West unveiled her cosmetics brand in 2017, she told Forbes, “It’s the first time I’ve moved away from having license deals and turned into being an owner.”
Last year, she reaped the benefits of her own when she sold 20 percent of KKW Beauty to cosmetics multinational Coty for $200 million, valuing the company at $1 billion. While Forbes believes that amount is inflated—Coty, which also purchased 51 percent of Kylie Cosmetics in 2020, is infamous for overpaying—her remaining 72 percent ownership is still worth around $500 million, according to our calculations.
Then there’s Kardashian West’s shapewear line, Skims, which debuted in 2019. She raised money from fashion insiders like Natalie Massane of Net-a-Porter and Andrew Rosen of Theory and used her large social media following to promote the company. (She now has 213 million Instagram followers and 69.6 million Twitter followers.) Skims has always been fast to respond: during the epidemic, when people were more interested in relaxing on the couch than flattening their stomachs under evening dresses, she quickly shifted her focus to loungewear.
Kardashian West holds controlling ownership in Skims, a privately held company that hasn’t revealed its sales. A source close to Skims told Forbes about a deal worth more than $500 million for the shapewear brand. As a result, Forbes estimates that her Skims stock is worth $225 million, bringing her net worth to $1 billion.
The remainder of Kardashian West’s fortune is invested in cash and real estate. According to Forbes, she has made at least $10 million pretax every year since 2012, thanks to Keeping Up With the Kardashians payouts, endorsement deals, and ventures like the aforementioned mobile game and her now-defunct Kimoji app. She also has three homes in Calabasas, northwest of Los Angeles, as well as a blue-chip investment portfolio that includes Disney, Amazon, Netflix, and Adidas stock, which her soon-to-be ex-husband Kanye West gave her for Christmas in 2017.
But it’s the businesses she’s founded and grown with the typical Kardashian flair for self-promotion that has propelled her to the top of the World’s Billionaires list. “Not bad for a girl with no talent,” she tweeted the day she made the cover of Forbes, mocking the criticism she’s faced for years.
Is Kim’s net worth higher than Kylie’s?
In January, it appeared Kylie Jenner had struck the bargain of a lifetime, selling just over half of her Kylie Cosmetics to publicly owned Coty Inc. for $1.2 billion. But the deal’s fine print and Coty’s public filings revealed that Jenner’s firm was far smaller and less profitable than the family had led the cosmetics industry and media outlets, including Forbes, to believe. In May, Forbes reduced Kylie Jenner’s net worth to $900 million, making her the world’s youngest self-made billionaire. The pandemic has hampered sales of Kylie Cosmetics since then. So now Kylie Jenner’s net worth is $700 million.
Kim Kardashian West sold a 20% stake in her cosmetics brand KKW Beauty to Coty in June, valuing it at $1 billion. Based on current cosmetics sales trends, Forbes estimates Kardashian West’s net worth at $780 million.
Kris Jenner, who owns 4.9 percent of Kylie Cosmetics and 8% of KKW Beauty, received 10% of the selling revenues from both Kylie and Kim’s sales to Coty. Kris Jenner, worth an estimated $190 million, debuts on the list of America’s Richest Self-Made Women this year.
In retrospect, Coty’s purchase of a Kylie Cosmetics stake was ill-timed. According to Coty’s August filing, Kylie Cosmetics’ first-half sales were barely $52 million, down from $200 million in 2019. The pandemic, says Coty, closed Kylie’s manufacturer, Seed Beauty, and Ulta stores, Kylie’s lone brick-and-mortar retailer. Kylie’s ownership of Kylie Cosmetics is now worth $300 million, according to Forbes. Money, automobiles, real estate, and other interests make up the balance of her fortune. She made $340 million after taxes in January when she sold 51 percent of her company to Coty for $1.2 billion.
The pandemic has also damaged Kardashian West’s KKW Beauty line, which shares a manufacturer and is sold exclusively at Ulta. Forbes values West’s 72 percent interest in KKW Beauty at $500 million, compared to Coty’s suggested $1 billion valuations in June. The rest of her fortune is made up of cash, real estate, and other investments, not money from her millionaire husband Kanye West.
Coty initially valued Kylie Cosmetics and KKW Beauty at industry-high levels, even without the pandemic. Coty bought 51% of Kylie Cosmetics for roughly 7x revenue, compared to the industry average of 6x. Sources believe Coty has a habit of overpaying. On top of that, both KKW Beauty and Kylie Cosmetics rely on celebrity—a volatile business in a world where people can fall out of favor, lowering a beauty brand’s price. Experts told Forbes that Kylie Cosmetics was worth closer to three times its annual revenue.
The company has yet to show itself in prestige makeup. “They are a mass brand that has paid a lot of money for something they have no experience in,” says Jeffrey Ten, former CEO of Note Cosmetics, Nyx, and Calvin Klein Beauty. With coronavirus, cosmetics are under much more strain.
Struggling Coty, whose stock has fallen over 70% since January, was eager to pay a premium for pieces of both firms, hoping the fashionable brands may save the company. Kylie Cosmetics may “make Coty a modern, expanding, and lucrative beauty player,” according to Coty’s CFO.
Regardless of who of her daughters has the bigger net worth, Kris Jenner wins. The billionaire matriarch of the Kardashian-Jenner family has amassed a sizable fortune via her work as an executive producer on KUWTK and a 10% cut of her daughters’ earnings.
A section in Coty’s purchase agreement for Kylie Cosmetics reveals Kris Jenner owns a piece of the company, which Forbes estimates is her usual share. According to the filing, Kristen M. Jenner’s “KMJ 2018 Irrevocable Trust” owns a profit interest in Kylie Cosmetics that converts to ownership upon sale. The Jenners initially told Forbes that the trust holds Kylie’s minor earnings and that she is the trust’s beneficiary. The trust appears to have been established after Kylie turned 18, and the Jenners refused to provide any proof. Because KKW Beauty is remarkably identical to Kylie Cosmetics, Forbes thinks Kris owns a 10% share in Kim’s company. Less than $90 million in Kylie Cosmetics and KKW Beauty. Forbes estimates her net worth at $100 million, including $50 million from her daughters’ Coty deals. A family spokeswoman declined to respond.
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Instagram Earnings of Kim Kardashian
Every paid Instagram post nets Kim between $300,000 and $500,000. She’s also made over a million dollars. We know these figures are accurate because of a lawsuit she filed in May 2019 against the Missguided USA. Kim alleged in the lawsuit that Missguided plagiarises her ensembles and misleads customers into believing that Missguided is working on them in collaboration with her. Kim earns $300-500k every post, according to court filings, and has earned as much as $1 million on multiple instances. According to the records, Kim declines several offers from brands she does not want to be affiliated with and instead selects a small number of partners each month. When it’s all said and done, Kim’s Instagram earnings are likely to be in the $1-2 million range PER MONTH!
Kim Kardashian has an estimated net worth of $1.4 billion. She is one of the world’s most well-known and wealthy celebrities. In recent years, her annual profits have reached $80 million. Since we started tracking her money on CelebrityNetWorth in 2009, we’ve compiled a table of her net worth year by year.