Kim Kardashian Net Worth: The Kardashian clan is a family of fashion moguls and talented businesswomen. This family mainly comprises Kris Jenner and her five daughters. They made their first television media appearance on the E! network with Keeping Up With The Kardashians. The audience loved the reality TV drama, leading to its renewal for many seasons.
Since the show began, the whole family has made a lot of money. The show’s star was always Kim Kardashian, as it was her popularity that made the audience watch. While there are many reality shows with many stars, not everyone is as uber-rich as the Kardashian-Jenner clan. In fact, no one is as rich as Kim herself.
So, it is obvious that people are curious about Kim Kardashian net worth. With all of her brand launches, media appearances, met gala dresses, and much more, we must ask – Why is Kim Kardashian so Rich?
Where Did Kim Kardashian’s Rise Begin?
Kim Kardashian is a child of Robert Kardashian and Kris Jenner. Her father was a lawyer in the infamous O.J. Simpson case. That was enough to give her a taste of stardom. The fashion mogul began as an assistant stylist in the early 2000s, working with Brady Norwood.
She also worked with some big names, one of them being Paris Hilton, who later became her best friend. Due to this, Kim also made small appearances on Paris’s show “The Simple Life.”
The famous sex tape of Kim was the starting block for building Kim Kardashian net worth. After she sued her partner at the time, the video made Kim $20 million, and its popularity pushed people to watch her reality show “Keeping Up With The Kardashians.”
KKW Beauty & SKIMS — The Answer To ‘Why Is Kim Kardashian So Rich?’
KKW Beauty is a direct-to-consumer beauty brand. Kim launched this brand in 2017, generating around $100 million in revenue today. It is one of the major components from which she gets her income. KKW Beauty sold Crème Contour Kits, which sold close to 300000 pieces within the first hour of its launch.
With each kit costing $48, Kim made a profit of over $14 million. As per reports, she had 72% stakes in it, Kim Kardashian net worth was around $720 million back then. But the beauty line is no longer in production.
The Kardashians star has replaced it with SKKN BY KIM. It is a comprehensive beauty line for the “eyes, lips, and body.” The products cost around $630, especially sets. So yes, add that ‘cha-ching’ to her purse.
The Kardashians star launched SKIMS in 2019 after raising $5 million from Imaginary Ventures, a venture capital firm. By 2021, the shapewear line had raised $154 million and was valued at $1.6 billion. Then SKIMS made $3.2 billion in 2022. Then, by July 2023, the brand had a valuation of $4 billion, making around $270 million.
If you still don’t get the answer to ‘Why is Kim Kardashian so rich,’ we’ll try to explain further. Kim’s SKIMS business partner, Jen Grede, says that the brand added $500 million to the Kardashian’s net worth in 2022. He also added that SKIMSS can make around $750 million in 2023. Kim and Jen retain significant equity in the company, even after the Funding round of July 2023.
Their share is about 1/3, and at a $4 billion valuation, these shares are estimated to be $1.32 billion. The funding round of July 2023 added to Kim Kardashian net worth to $1.7 billion from $1.4 billion. Her recent addition to the venture includes SKIMS for men.
Ventures That Add To Kim Kardashian’s Net Worth
The Kardashian sister and megastar Kim is ‘Megarich’. She earns billions and millions. Well, it’s not just beauty products and clothes that make up her wealth sources. She also has an equity firm, SKKY, which raised $1 billion to invest in the business.
Kim is also a brand ambassador of Stuart Weizner. Both of these deals are close to $80 million on average. Between June 2018 and June 2019, Kim made $72 million from a variety of deals and ventures. And by 2019-20, she was earning $50 million.
Then there is a mobile game in her sources of the Kim Kardashian net worth. Launched in 2014, the game “Kim Kardashian: Hollywood” has generated a revenue of $200 million. And since the star keeps 28% of its generated income, she has made more than $20 million from the game.
One more Kim-centric product is an emoji app called Kimojis. It has over 200 Kim Kardashian emojis and giphys. In 2016, fortune reported that the app ranked no.1 in the Apple Store list of paid apps, costing $1.99. One of the app creators had filed a lawsuit against Kim for $300 million, accusing her of cutting him out of the game’s profits.
Apart from this, her online social media promotional posts, real estate dealings, inherited cash, and everything else make her network closer to $1.7 billion.
Why Is Kim Kardashian So Rich?: Social Media Promotions & Brand Collaborations
Kim Kardashian had a clothing and tanning products line at Sears. Then, on My Next Guest Needs No Introduction By David Letterman, Kim talked about how her Instagram earnings per post were higher than those from an entire season of Keeping Up With The Kardashians.
These are around $4.5 million for one post. Kim’s earnings are estimated to be closer to $300,000 and $500,000 per post for the paid posts. So, according to Forbes, Kim earned close to $600 million from her online posts.
Her recent collaboration with Dolce & Gabanna has also added massively to Kim Kardashian Net Worth. She has also starred on the covers of various magazines.
Kim Kardashian Net Worth: Wealth From Inheritance & Relationships
When her father passed away, Kim and her family all got $100 million from his wealth. If this doesn’t automatically explain why Kim Kardashian is so rich, then what will? The star has a clothing store called DASH with her sisters Khloe and Kourtney in Calabasas, SoHo, and Miami.
She was also enagegd to NBA player Kris Humphries. They both got married in 2011, and Kim made around $18 million from the TV rights and endorsements of the wedding. For the event as well, Kim spared no expense. She had a $2.5 million Lorraine Schwartz 65-carat diamond veil.
Kim K also had a 28-carat engagement ring costing $5 million. Then, there were her 20.5-carat diamond earrings, making the jewelry over $10 million. She then went on to spend $150000 on her hair and makeup.
Kris and Kim stayed in the Ganesvroot Hotel presidential suite during the shooting of ‘Kourtney and Kim Take New York.’ The room costs $7000 a night. This definitely made fans drop their jaws, and they wondered again, Why Is Kim Kardashian So Rich?
With her second husband, Kanye West, Kim has four kids. After their divorce, Kanye pays her $200000 monthly for child support. Their prenuptial agreement entitled Kim to $1 million for every year they had been married, and she also got to keep the millions of dollars worth of gifts that Kanye gave her.
The Kardashians: Kim Kardashian Net Worth From TV Appearance
‘Keeping Up With The Kardashians’ began as a $80 million deal by E! network in 2015. By 2017, the deal was renewed “below $100 million”. The ‘momager’ Kris Jenner said that all the members made equal money. Although, TMZ claimed that Kim split around 20% to 50% of the family’s contracts with Khloe and Kourtney. This set her earnings from the show at $20 million.
Hulu then took up the show and named it ‘The Kardashians.’ And it was revealed that each cast member had nine-figure earnings. One can definitely add that to Kim Kardashian Net Worth.
Kim had also voiced a character called Delores in Paw Patrol: The Movie. The movie was a massive success, making $144.3 million. However, Kim’s earnings from it haven’t been disclosed. While we are talking about TV, Kim has been all set to star in the 12th season of American Horror Story.
The Kardashians: How Is Kim Kardashian So Rich? Real Estate, Maybe?
Kim bought a mansion in LA Bel Air, which cost $9 million, in 2013. She and Kanye had made several modifications to the place, costing millions. Then, they sold the mansion for $17.8 million, earning a profit of 8.8 million in 2017. The pair had bought a house in 2010 in the Hidden Hills gated community.
It earlier belonged to a doctor who sold it to them for $20 million. The person himself had purchased the house from Lisa Marie Presley for $5 million. Again, Kim and Kanye made modifications to this house too.
In 2019, the former couple’s property was spread over 7.5 acres with swimming pools, spas, private vineyards, basketball courts, and so much more. Kim paid Kanye $23 million in Sept 2021, wanting him to transfer the properties officially to her name. She then went on to spend around $3 million on their house’s interior.
She paid $ 70 million for a 3+ acre property in September 2022 in Malibu. Kim had tried to sell her Calabasas penthouse for $2.7 million in May 2023. Eventually, she was able to sell it for 3.5 million. These properties have also been huge contributors to Kim Kardashian Net Worth.
Well, the massive net worth of Kim Kardashian also allows the star to have many cars like the Maybach Sedan, Rolls Royce Ghost, and Lamborghini Urus Mansory. If you liked this information about why is Kim Kardashian so rich, keep coming back to TV Season & Spoilers.