Kim Kardashian is a famous American reality TV personality, model, businesswoman, and public figure with a net worth of $1.7 billion. She is one of the wealthiest and most well-known celebrities across the globe. Every year, she earns between $50 million and $80 million through her different projects and growing business interests.
Although she has several endorsement deals, most of her money comes from owning parts of two businesses: KKW Beauty, a beauty product company that sells directly to customers, and Skims, a brand that makes shapewear.
KKW Beauty started in 2017 and now makes more than $100 million in total yearly sales. In June 2020, Kim sold 20% of the company for $200 million, which set the value of KKW Beauty at $1 billion. This sale raised her estimated net worth to $900 million, based on a report from CNW.
In 2019, she got $5 million in funding from Imaginary Ventures to start Skims. By 2021, Skims had raised $154 million and was valued at $1.6 billion. Even with this large amount of funding, Kim remained the main owner.
In 2022, the value of Skims grew to $3.2 billion after another round of investment, and in July 2023, it received $270 million more, raising its value to $4 billion. According to her business partner, Jens Grede, Skims made $500 million in sales in 2022 and was expected to reach $750 million in 2023.
After the July 2023 investment, Kim and Jens still owned most of the company, each holding about one-third. With the company valued at $4 billion, their individual shares are worth around $1.32 billion. This new round of funding raised Kim Kardashian’s net worth from $1.4 billion to $1.7 billion.
Between June 2018 and June 2019, Kim made an impressive $72 million from her different work projects. Then, between June 2019 and June 2020, she earned another $50 million. A large portion of her money during those years came from licensing and promotional deals. One major success was her mobile game, Kim Kardashian: Hollywood, which earned more than $200 million and had over 60 million downloads.
Kim continues to receive 28% of the money made from that app. In addition to the game, she earns money through paid promotions, appearance fees, her reality show income, and sponsored Instagram posts. She also launched her own line of tanning products and had a clothing collection at Sears.
Kim Kardashian (Credits: Getty Images)Early Life and Rise to Fame
Kim Kardashian was born on October 21, 1980, in Los Angeles, California. Her father, Robert Kardashian, was one of the lawyers who helped defend OJ Simpson. Her mother, Kris Kardashian (now Kris Jenner), is also well known. Kim got her start in Hollywood as an assistant and fashion stylist. One of her earliest and most famous clients was her close friend, Paris Hilton.
She has a big family that includes her sisters Kourtney and Khloe, her mom Kris, and her half-sisters Kendall and Kylie. Kendall and Kylie’s dad is Bruce Jenner, a former Olympic athlete who is now known as Caitlyn Jenner.
Over the last two decades, Kim has worked her way up to become one of the most well-known and wealthy celebrities. She runs a powerful business that includes beauty products, personal appearance payments, a TV income, clothing, weight loss products, perfumes, and brand partnerships.
Her fame really took off after a private tape with Ray J became public. Kim used the attention to start her own reality show, Keeping Up with the Kardashians, which aired on the E! network.
Since then, she’s become even more famous, starring in movies, appearing on magazine covers, and taking part in several reality TV spinoffs. One of the newest shows, The Kardashians, started airing on Hulu in 2022. She’s also joining the cast of the 12th season of American Horror Story in 2023.
Relationships
Kim Kardashian has been involved with several well-known athletes and musicians over the years. In 2011, she got engaged to NBA player Kris Humphries, but the marriage only lasted 72 days. Even though it was short, the event brought in $18 million through endorsements and TV rights tied to the wedding.
Later, she married rapper and music producer Kanye West after a very public relationship, during which he appeared on Keeping Up with the Kardashians several times. They were married on May 24, 2014, and had their first child, North West, on June 15, 2013. Together, they have four children.
However, on February 19, 2021, Kim filed for divorce from Kanye. After that, she began dating comedian Pete Davidson in November 2021, but their relationship ended in August 2022.
Kim Kardashian (Credits: Getty Images)Wealth Facts
In March 2010, Kim bought a mansion in Beverly Hills for $4.8 million. The house has a Tuscan-style design, five bedrooms, and sits on four acres in one of the most expensive areas in the country.
Early in her reality TV career, Kim was earning about $15,000 per episode, but that amount later jumped to $500,000.
While filming Kourtney and Kim Take New York, Kim and Kris Humphries stayed in the luxurious Presidential Suite at the Gansevoort Hotel, which cost them $7,000 each night.
At her wedding, Kim wore a $2.5 million diamond headpiece made by Lorraine Schwartz, along with a 20.5-carat diamond engagement ring worth $2 million and diamond earrings worth $5 million. Altogether, her jewelry totaled over $10 million. She also spent $150,000 on her hair and makeup for the big day.
In 2014, she made $28 million. The next year, she earned $53 million, making her the highest-paid celebrity in the world at that time. Since 2015, her yearly earnings have ranged between $50 million and $80 million.
Kim Kardashian Net Worth Milestones
Tracking began in October 2009, when Kim’s net worth was estimated at $10 million. By 2011, it had doubled to $20 million. In January 2013, she reached $40 million. Over the next five years, her net worth grew quickly. By 2015, she had $85 million, and by 2017, she was at $150 million. As of April 2020, her net worth stood at $350 million.
On June 29, 2020, her net worth increased to $900 million after Coty Inc. agreed to buy 20% of KKW Beauty for $200 million, which valued the company at $1 billion. Kim kept a 72% share, worth about $720 million.
Then, on April 9, 2020, her net worth rose to $1.4 billion when it was reported that Skims had raised $154 million and was valued at $1.6 billion. It’s believed Kim owns between 50% and 60% of the company.
Kim Kardashian (Credits: Getty Images)Real Estate
In 2013, Kim bought a mansion in Bel Air, Los Angeles, for $9 million. She and Kanye spent several million more to renovate it and lived there while their Hidden Hills home was under construction. In 2017, Kim sold the Bel Air house for $18 million.
Since August 2014, Kim has been living in a large mansion inside a gated community in Hidden Hills, California. She and Kanye bought the home from a doctor for $20 million. That doctor had earlier bought it from Lisa Marie Presley in 2010 for just $5 million.
They spent years redesigning and remodeling the property. But by 2016, Kanye still wasn’t happy with the results, so they decided to make more changes. In 2019, they expanded the estate by buying neighboring lots, growing the property to 7.5 acres. It includes two swimming pools, two spas, a private vineyard, a basketball court, and a mansion designed to their preferences.
In 2018, a wildfire came dangerously close to their home. Thankfully, they had an insurance policy that included private firefighters. These firefighters not only saved Kim and Kanye’s home but also helped protect the entire neighborhood, all paid for by Kim and Kanye.
In September 2021, Kim bought Kanye’s share of the house for $23 million. Of that total, around $3 million went toward the home’s furniture and decorations.
Then, in September 2022, Kim bought a property in Malibu for $70 million. The estate is over 3 acres and once belonged to Cindy Crawford and Rande Gerber.
As of May 2023, Kim has been trying to sell her penthouse in Calabasas, which has been on and off the market for a few years. She’s holding firm on the $2.7 million price. In 2022, she sold another condo in Calabasas for $3.5 million.
Kim Kardashian (Credits: Getty Images)Instagram Earnings
Kim earns between $300,000 and $500,000 for each sponsored post she shares on Instagram. Some of her posts have made as much as $1 million. These numbers were made public during a lawsuit she filed in May 2019 against Missguided USA. She accused them of copying her outfits and tricking people into thinking she worked with the brand.
Court documents confirmed that she regularly makes $300k to $500k per post and has reached $1 million on occasion.
She turns down many partnership offers that don’t match her personal style, choosing to work with just a few brands each month. Adding everything together, she likely earns more than $1 to $2 million every month just from Instagram. As of June 2023, she has more than 359 million followers on the platform.
Kim Kardashian’s journey from reality TV personality to billionaire businesswoman highlights her strong sense for business and her skill at turning fame into profitable ventures. Through her ownership in KKW Beauty, Skims, and a range of other high-earning projects, she has created a lasting impact in the beauty and fashion industries.
In addition to her business efforts, her influence on social media and her carefully chosen partnerships have helped establish her as a major global figure. As her wealth continues to increase, Kim Kardashian’s story shows how talent, determination, and creative thinking can lead to major success.