As of October 2009, inspire me for a moment with a quick trip to CelebrityNetworth Memory Lane. At Retrospect, October 2009 was the most important month in Celebrityworth’s history. By October 2009, I was in warm conversation with the owner of the domain “www.celebritynetworth.com”, after being launched exactly a year ago with the small domain “www.celebnetworth.com”. We traded half a dozen emails, started a $ 100 offer with me and ended at $ 1,000. “The most I can go.”
On October 13, 2009, the seller “accepted” my $ 1,000 offer. What he actually did was accepted as the opening bid at a one-week public auction, which would be promoted on a popular domain sales website called Sedo. There will be a big “featured auction” advertisement for Sedo for a week. The auction will be promoted in their daily newspaper which knows how many domains are scavengers.
I was certain that someone else would either bid more than I could afford or I could drive up to the final price. At that time I had a total of $ 3,500 in my name. Even the literal value of $ 1,000 was about a third of my total value.
Seven extremely long days passed. I tried to get it out of my head and convinced myself that the site could be as successful as “celebnetworth.com”.
The auction ended on October 20, 2009 at 4:35 EST. Winner Bid? $ 1,000. Amazingly, no other bids were made.
It took about a week for my payment to be confirmed and the domain transferred. On October 27, 2009, a flip switch was made and “celebnetworth.com” officially became “Celebritynetworth.com”.
This is not the only significant CNW incident that occurred that month. On 3 October 2009, Kim Kardashian’s net worth was added to CNW for the first time. Unknown to me at the time, this moderately famous reality star (a few weeks later the fourth season of “Keeping Up with the Kardashians”) would become the most important figure in our database. Kim’s very first net worth estimate?
$ 10 million
Fast forward 11 years, 6 months and currently 6 days. As of April 9, 2021, Kim Kardashian’s current net worth is:
$ 1.4 billion
Not only is Kim Kardashian officially a billionaire, by our count she has total assets of $ 1,400,000,000.
This is above our previous estimate of $ 900 million.
What is growth?
When you think of Kim’s finances, yes she is consistently one of the highest paid celebrities. In one year, Kim earns $ 50 + million from endorsement and licensing deals. More importantly, the majority of his total assets in recent years have been driven by the equity values of the two companies that Kim created:
- KKW Beauty: A direct-to-consumer beauty products company.
- Skimes: A Shapewear Company.
Kim launched KKW Beauty in 2017 after seeing the immense success of step-sister Kylie Jenner’s Kylie Cosmetics in 2017, which was originally generating tens of millions in revenue per year since its one-bedroom launch. Kim’s first run 300,000 contour kit sold out in a few hours. Today the company makes lipsticks, fragrances, eye shadows, face creams, concealers and more.
In June 2020, Kim sold a minority stake in KKW Beauty to cosmetics giant Coty Inc. Coty is the only company that bought 51% of Kylie Cosmetics seven months ago for $ 600 million.
KKW Beauty was recently valued at $ 1 billion. Kim owns an estimated 80% of the company, which gives him a pre-tax $ 800 million stake.
Not satisfied with a billion dollar business, in 2019 Kim started a Shapeverse company he initially called “Kimono”. After being accused of cultural appropriation, he named the company Skims. He soon raised $ 5 million in venture capital.
Shapewise, as I understand it, is a leotard-like undergarment that scuffs and smooths the body, which is especially important when wearing a tight dress.
The scheme reportedly earned $ 145 million in revenue in 2020. The company will generate $ 300 million in sales in 2021.
Last week, Forbes reported that a “source” close to Kim claimed the skims were worth $ 500 million.
In a New York Times article published today, it was revealed that Skims recently raised $ 154 million in a valuation of $ 1.6 billion. The funding round was led by Thrive Capital with founder Joshua Kushner. Joshua’s wife is supermodel Carly Claus. His brother is Jared Kushner, so he is involved with Trump.
Kim is believed to own 50-60% of the brand after a recent funding round, giving him a pre-tax stake $ 800 – $ 960 million.
When he is combined with other assets and investments, we feel confident in saying that Kim is worth more than $ 1 billion. According to our calculations it is worth a minimum amount of $ 1.4 billion.
This is enough to make him the sixth richest person in the world. She is now $ 100 million richer than Jay-Z:
The richest celebrities in the world:
# 7: Jay-Z Net Worth: $ 1.3 Billion
# 6: Kim Kardashian Net Worth: $ 1.4 Billion
# 5: Jamie Gertz Net Worth: $ 3 Billion
# 4: Oprah Winfrey Net worth: $ 3.5 billion
# 3: Kanye West Net Worth: $ 6.6 Billion
# 2: Steven Spielberg Net worth: $ 7.5 billion
# 1: George Lucas Net worth: $ 10 billion
As you can see from the list above, Kim’s soon-to-be ex-husband Kanye West is valued at $ 6.6 billion. So if they were still together, the Kardashian-West combined fortune would be $ 8 billion.
Congratulations to Kim for her incredible success!
I wonder if after another 11 years, 6 months and 6 days his net worth (and what this website will be) … I will put a note in my calendar to publish an update on 15 October 2032.