{"id":138010,"date":"2021-09-07T14:15:49","date_gmt":"2021-09-07T14:15:49","guid":{"rendered":"https:\/\/precoinnews.com\/?p=138010"},"modified":"2021-09-07T14:15:49","modified_gmt":"2021-09-07T14:15:49","slug":"why-forbes-says-kylie-jenner-is-a-self-made-billionaire","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/why-forbes-says-kylie-jenner-is-a-self-made-billionaire\/","title":{"rendered":"Why Forbes says Kylie Jenner is a self-made billionaire"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Kim Kardashian West is joining the ranks of Jeff Bezos, Elon Musk and other moguls: She is officially a billionaire, according to Forbes.<\/p>\n<p>Forbes released its annual &#8220;World&#8217;s Billionaire List&#8221; Tuesday, which placed West on the elite list for the first time. The magazine said West&#8217;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.<br \/>\nKardashian West launched KKW Beauty in 2017, and <span>Coty<\/span> <span>(<span>COTY<\/span>)<\/span> acquired a 20% stake in the cosmetics line in a deal last year that valued the business at $1 billion. Forbes said her remaining stake in the business is worth about $500 million. <\/p>\n<ul><\/ul>\n<p>There&#8217;s also her other business: Skims, a collection of figure-hugging shapewear and bodysuits. Forbes said she has a majority stake in the private business, which hasn&#8217;t disclosed revenue \u2014 but a source told the magazine the company is valued &#8220;north of $500 million.&#8221; That means her stake is possibly worth $225 million, which is &#8220;enough to lift her fortune to $1 billion,&#8221; per Forbes.<\/p>\n<ul><\/ul>\n<p>Kardashian West also holds assets in cash, investments and real estate. And though the family&#8217;s long-running E! show is about to end, a new deal with Hulu to create content will keep the TV money flowing.<\/p>\n<ul><\/ul>\n<p>It&#8217;s not the first time the Kardashian-Jenner family has appeared on a Forbes list. The magazine previously sparked controversy for crowning her younger sister Kylie Jenner the youngest ever self-made billionaire at 21 years old. Critics argued Jenner can&#8217;t be considered self-made because she comes from a wealthy, well-known family.<br \/>\nIn February, Kardashian West filed for divorce from Kanye West, citing irreconcilable differences. Kanye himself is worth a reported $6.6 billion with the vast majority of his wealth tied in his apparel businesses.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/04\/06\/business\/kim-kardashian-west-billionaire-forbes\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Kim Kardashian West is<\/p>\n","protected":false},"author":3,"featured_media":138009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Forbes says Kylie Jenner is a self-made billionaire - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/why-forbes-says-kylie-jenner-is-a-self-made-billionaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Forbes says Kylie Jenner is a self-made billionaire - 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