Forbes confirms Kim Kardashian is officially a billionaire
Kim Kardashian is joining the ranks of Jeff Bezos, Elon Musk and other moguls as she has officially become a billionaire, according to Forbes.
Forbes released its annual “World’s Billionaire List” Tuesday, which placed the reality star and businesswoman worth at $1 billion, up from $780 million in October, according to a Forbes report published Tuesday, earning her a spot on the outlet’s World’s Billionaires List. on the elite list for the first time.
The magazine said West’s booming businesses, KKW Beauty and Skims, helped put her over the top to achieve the billionaire benchmark when added to her television show and endorsement deals.
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The business magazine says it determines a person’s wealth using stock prices and exchange rates from March 5, 2021.
“We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes,” it notes in its methodology.
This isn’t the first time a member of the famous “Keeping up with the Kardashians” family has made the billionaires list – well, at least momentarily.
In March 2019, Forbes named Kardashian West’s sister Kylie Jenner the youngest self-made billionaire, but the title didn’t last long.
In May 2020, Forbes refuted its own report saying that Jenner’s cosmetics company, Kylie’s Cosmetics, was “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets.”