(CU)_Reality TV star Kim Kardashian has officially become a billionaire as her net worth soared to $1bn (£723m) this month, Forbes reported. While she has earned millions from her TV career, her fortune mainly comes from her cosmetics company KKW Beauty and her shapewear brand Skims.
The 40-year-old joined the billionaire club just a couple of months after filing for divorce from her husband Kanye over irreconcilable differences.
Rapper West became a certified billionaire a year ago, and his net worth has now reached $6.6bn (£4.7bn), making him the richest black man in US history.
Kardashian previously made a public plea for “compassion and empathy” towards her husband as he struggled with bipolar disorder.
The couple are currently seeking joint custody for their children North, Psalm, Chicago and Saint.
Kardashian launched her own beauty line in 2017, claiming that she had been “inspired” by her younger sibling, Kylie Jenner, who founded Kylie Cosmetics in 2015.
Based on Kardashian’s deal with Coty last year, when she sold 20 per cent of KKW Beauty to the cosmetics giant, the brand is worth around $1 billion. The American model currently holds 72 per cent stake of the beauty line which is said to be worth $500m (£361m).
Meanwhile, Skims is also breaking sales records, rebounding from the shaky start Kardashian had with the shapewear line. The brand is currently valued at $225m (£162m).
The success of the Kardashian-Jenner companies heavily rely on the sisters’ massive social media followings. Jenner boasts 224 million followers on Instagram, while Kardashian has 213 million.
Last year, the younger sister was reported to have become a billionaire by Forbes, but was later stripped off her title after being accused of inflating her business value.
After Jenner decided to delete her Snapchat account in 2018, shares in the multimedia messaging app fell by $1.3bn (£904m).
