Forbes estimates Kim’s net worth to be $1.7 billion as of 2024.
PHOTO Courtesy | Dimitrios Kambouris / Staff
Kim Kardashian has transformed her reality TV fame into a billion-dollar fortune, primarily through her ownership in Skims, her shapewear venture.
Skims achieved a valuation of $4 billion following a funding round in 2023, with investors including billionaires Stephen Mandel, Daniel Sundheim, and Josh Kushner, who is Ivanka Trump’s brother-in-law.
In 2020, Kardashian sold a 20% stake in her cosmetics and fragrance company, KKW Beauty, to publicly traded Coty for $200 million. However, she closed down KKW Beauty in 2021 and introduced SKKN By Kim, a luxury skincare line consisting of nine steps, in June 2022.
Following her divorce from musician Kanye West in early 2022, they agreed to share custody of their four children.
Kardashian reportedly paid $23 million to retain ownership of their Axel Vervoordt-designed Hidden Hills mansion.
Kim’s Net Worth Milestone
We began tracking Kim’s net worth in October 2009, estimating it at $10 million. By 2011, her wealth had doubled to $20 million, and by January 2013, it had reached $40 million.
Over the following five years, Kim’s fortunes soared. In 2015, her net worth climbed to $85 million, nearly doubling to $150 million by 2017. As of April 2020, Kim Kardashian’s net worth stood at $350 million.
On June 29, 2020, we adjusted Kim’s net worth to $900 million following Coty Inc.’s acquisition of a 20% stake in KKW Beauty for $200 million, valuing the brand at $1 billion.
After the deal, Kim retained a 72% stake, worth $720 million.
Subsequently, on April 9, 2020, we raised Kim’s net worth to $1.4 billion after Skims secured $154 million in funding, valuing the company at $1.6 billion.
It is believed that Kim maintains a 50-60% ownership stake in the company.
Kim’s Real Estate Portfolio
In 2013, Kim acquired a mansion in LA’s Bel Air neighborhood for $9 million. She and Kanye invested several million in significant upgrades and resided there while their Hidden Hills property was under development.
Subsequently, in 2017, Kim sold the Bel Air residence for $18 million.
Since August 2014, Kim’s primary residence has been a spacious mansion situated within a gated community in Hidden Hills, California.
Acquired from a doctor for $20 million, who had purchased it from Lisa Marie Presley in 2010 for $5 million, the property underwent extensive remodeling over two years.
Dissatisfied with the final outcome in 2016, Kim and Kanye embarked on a complete renovation. In 2019, they expanded their estate to 7.5 acres by purchasing adjacent properties in two separate transactions.
The mansion boasts two swimming pools, two spas, a private vineyard, a full-sized basketball court, and custom-built features.
In 2018, they faced evacuation when a wildfire threatened their property. Fortunately, Kim and Kanye’s insurance plan, inclusive of private firefighting coverage, spared not only their mansion but also the entire neighborhood, thanks to their expense.
Come September 2021, Kim paid Kanye $23 million to formally transfer the property into her name, with approximately $3 million allocated to the interior contents.
Then, in September 2022, Kim acquired a 3+ acre property in Malibu for $70 million, previously owned by Cindy Crawford and Rande Gerber.
Impact of Kim’s Divorce on her Net Worth
Okay, so the settlement talks between Kim and Kanye were not public, but in January 2021, Page Six reported that they had a prenuptial agreement.
Allegedly, this agreement guaranteed Kim $1 million for each year of their six-year marriage to Kanye.
Kim was also said to have retained the gifts Kanye gave her, including valuable art and jewelry worth millions of dollars. There was some divorce drama surrounding Kanye’s attempt to prevent her from transferring assets out of her trusts.
In response, Kim stated, “I do not believe it is just or equitable to impose limitations on my ability to move forward with my life and earn a living.” However, the two are officially divorced now, indicating that any issues were evidently resolved.
Kim’s Instagram Earnings
Kim earns between $300,000 and $500,000 for each sponsored Instagram post, with occasional earnings reaching $1 million. These figures were disclosed in a lawsuit she filed against Missguided USA in May 2019.
In the lawsuit, Kim alleged that Missguided imitates her outfits, misleading consumers into believing a partnership with Kim.
Court documents revealed her earnings, indicating a range of $300,000 to $500,000 per post, occasionally surpassing $1 million. Kim selectively partners with brands, declining many offers to maintain her desired associations.
With over 359 million followers as of June 2023, her Instagram earnings likely exceed $1-2 million monthly.
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