Insights into Kim Kardashian’s Wealth
Kim Kardashian, a well-known American personality in reality TV, modeling, business, and advertising, has amassed a net worth of $1.7 billion. She stands among the most renowned and affluent individuals globally. Annually, Kim earns between $50 million to $80 million through her diverse ventures and expanding business realm. Aside from her numerous endorsement agreements, the majority of Kim Kardashian’s wealth comes from equity holdings in two firms: the direct-to-consumer beauty line KKW Beauty and the shapewear brand Skims.
Established in 2017, KKW Beauty now surpasses $100 million in annual gross sales. In June 2020, Kim sold a 20% share in KKW Beauty for $200 million, valuing the brand at $1 billion. This transaction elevated Kim’s net worth to $900 million by financial estimations. In 2019, she raised $5 million from Imaginary Ventures, a venture capital entity, to introduce Skims shapewear. By 2021, Skims secured $154 million in funding at a valuation of $1.6 billion, with Kim retaining the primary ownership. Subsequently, in 2022, Skims acquired funding at a $3.2 billion valuation. Then, in July 2023, Skims raised $270 million with a $4 billion valuation. According to Jens Grede, Kim’s business partner, Skims’ revenue reached $500 million in 2022 and projected to reach $750 million in 2023. Even after the 2023 funding cycle, Kim and Jens maintain majority shares in the enterprise, each believed to own 1/3. At the new $4 billion valuation, their stakes are valued at $1.32 billion each, uplifting Kim Kardashian’s net worth from $1.4 billion to $1.7 billion.
From June 2018 to June 2019, Kim’s earnings totaled $72 million, followed by $50 million in the subsequent year. During this period, a significant portion of her annual income was derived from licensing and endorsement contracts. Notably, the mobile game “Kim Kardashian: Hollywood” contributed substantially to her revenue, amassing over 60 million downloads and $200 million in earnings. Kim continues to receive 28% of the app’s proceeds. Apart from the game, her annual income stems from endorsements, event appearances, reality TV compensation, and sponsored Instagram content. Kim also markets tanning items and a clothing range at Sears.
Origin Story and Ascent to Prominence
Kim Kardashian, born on October 21, 1980, in Los Angeles, California, was raised by her father Robert Kardashian. whose profession was…
In the realm of OJ Simpson’s defense lawyers, Kim Kardashian emerges, whose mother is known as Kris Kardashian, also recognized as Kris Jenner. Commencing her Hollywood journey as an assistant and stylist to notable personalities, Kim came into the limelight with early clients, notably her best friend and socialite Paris Hilton.
Fostering a substantial family, Kim Kardashian includes in her realm sisters Kourtney and Khloe Kardashian, along with her mother Kris and two half-sisters, Kendall and Kylie. Kendall and Kylie’s father is the former Olympic athlete Bruce Jenner, now known as Caitlyn Jenner. Kim’s extraordinary ascent to stardom over the past two decades has led her to become one of the most renowned and prosperous celebrities across the globe. Ascending as a media mogul, she steers a remarkably successful business empire. Presently, Kim’s realm encompasses a cosmetics line, personal appearance fees, television salary, a clothing line, weight loss products, perfume, and retail endorsements.
Gaining initial prominence following a notorious sex tape featuring her alongside Ray J, Kim ventured into her reality show, Keeping up with the Kardashians, broadcasted on the E! network. Subsequently, Kim’s fame soared to unparalleled heights, delving into movies, gracing numerous magazine covers, and appearing in various reality spinoffs, including the recent The Kardashians reality series on Hulu in 2022. Kim is also poised to star in the upcoming 12th season of American Horror Story in 2023.
Relationships
Throughout her journey, Kardashian has managed to engage in relationships with NFL stars, NBA players, and rappers. In 2011, she entered into an engagement and subsequent marriage with NBA player Kris Humphries, which ended after merely 72 days. Kim garnered $18 million from endorsements and TV rights associated with this wedding event.
Tying the knot with music mogul Kanye West after a highly publicized courtship and several appearances on Keeping Up with the Kardashians, they exchanged vows on May 24, 2014. Their daughter, North West, was born on June 15, 2013, and they currently share four children.
On February 19, 2021, Kim initiated divorce proceedings with Kanye. Subsequently, she commenced a relationship with Pete Davidson in November 2021, which concluded in August 2022.
Wealth Facts
- In March 2010, Kim acquired a $4.8 million mansion in Beverly Hills, resonating with a Tuscan-style, sprawling across 4 acres with five bedrooms situated in one of the most upscale real estate regions worldwide.
- Initially earning approximately $15,000 per episode of her reality show, Kim’s remuneration escalated to $500,000.
- During the recording of “Kourtney and Kim Take New York,” Kim and her ex-husband Kris Humphries resided in the Presidential Suite of the Gansevoort Hotel, costing $7000 per night.
- At Kim’s nuptials, she adorned a striking collection valued at over $10 million, including a $2.5 million 65-carat diamond headpiece by Lorraine Schwartz, a $2 million 20.5-carat diamond engagement ring, 28-carat diamond earrings amounting to $5 million. An additional $150,000 was expended on her hair and makeup.
- In 2014 alone, she amassed $28 million.
- Kim’s earnings surged to $53 million in 2015, establishing her as the highest-paid personality globally for the first time.
Since 2015, the Kardashian West family has been consistently making between $50 million and $80 million annually.
Kim Kardashian Net Worth Milestones
Our tracking of Kim’s net worth began in October 2009, estimating her wealth at $10 million initially. By 2011, her net worth increased to $20 million. Come January 2013, she accumulated a total worth of $40 million, which significantly surged in the following years. By 2015, her net worth reached $85 million, nearly doubling to $150 million in 2017. As of April 2020, Kim Kardashian’s net worth was reported at $350 million.
On June 29, 2020, we boosted Kim’s net worth to $900 million following the acquisition of a 20% stake in KKW Beauty by Coty Inc. for $200 million. This investment valued the brand at $1 billion, with Kim holding a 72% stake currently valued at $720 million.
Another notable increase in Kim’s net worth occurred on April 9, 2020, when Skims raised $154 million, garnering a valuation of $1.6 billion. With an estimated ownership stake between 50-60%, her net worth jumped to $1.4 billion.
Real Estate
In 2013, Kim invested $9 million in a mansion located in LA’s Bel Air neighborhood. She and Kanye spent millions on upgrades, eventually selling the house for $18 million in 2017.
From August 2014 onward, Kim’s main residence has been a large mansion within a gated Hidden Hills, California community, purchased from a doctor for $20 million. The property was previously owned by Lisa Marie Presley, who sold it for $5 million in 2010.
With continual remodeling efforts stretching into 2019, the property expanded to 7.5 acres, including amenities like two swimming pools, two spas, a private vineyard, a basketball court, and a custom mansion.
In 2018, an encroaching wildfire prompted an evacuation, and thanks to their insurance plan inclusive of private firefighting, Kim and Kanye preserved their home and neighborhood from damage.
It was in September 2021 when Kim officially took ownership of the Hidden Hills property from Kanye in a $23 million transaction, with some funds allocated to interior contents.
In September 2022, Kim made another real estate move, purchasing a 3+ acre Malibu property for $70 million, formerly owned by Cindy Crawford and Rande Gerber.
As of May 2023, she continues efforts to sell a Calabasas penthouse with a steady $2.7 million asking price. In 2022, another Calabasas condo of hers was successfully sold.
Kim earns between $300,000 and $500,000 for every paid Instagram post and has also earned as much as $1 million. These figures were revealed in a lawsuit she filed against Missguided USA in May 2019. The court documents showed that Kim earns $300-500k per post and has made as much as $1 million on multiple occasions. Kim is selective about brand partnerships and often turns down offers from brands she doesn’t want to be associated with. When you tally it all up, Kim’s Instagram earnings likely exceed $1-2 million PER MONTH! As of June 2023, her follower count on the platform stands at over 359 million.
Kim Kardashian’s net worth by year | |
Year | Net Worth |
2009 | $10,000,000 |
2011 | $20,000,000 |
2013 | $40,000,000 |
2015 | $85,000,000 |
2017 | $150,000,000 |
2019 | $300,000,000 |
2020 | $900,000,000 |
2021 | $1,000,000,000 |
2022 | $1,100,000,000 |
2023 | $1,400,000,000 |
2024 | $1,700,000,000 |