Kim Kardashian’s Net Worth: What is It?
With a net worth of $1.7 billion, Kim Kardashian is an American celebrity known for her work as a reality television star, model, entrepreneur, and spokesperson. She ranks among the wealthiest and most well-known personalities in the world. Annually, Kim’s earnings range from $50 to $80 million, thanks to her diverse business ventures and expanding empire. Aside from her numerous endorsement deals, the primary source of Kim Kardashian’s wealth comes from equity stakes in two companies: KKW Beauty, a beauty product line catering directly to consumers, and Skims, a shapewear brand.
Since its launch in 2017, the KKW Beauty Line has generated over $100 million in gross revenue annually. In June 2020, Kim sold a 20% stake in KKW Beauty for $200 million, which valued the entire company at $1 billion. This fundraising round raised Kim’s net worth to an estimated $900 million, according to CNW.
In 2019, she secured $5 million from Imaginary Ventures, a Venture Capital firm, to establish the shapewear line known as Skims. By 2021, Skims had raised $154 million with a valuation of $1.6 billion. Despite this significant funding, Kim retained the majority ownership. In 2022, Skims achieved a valuation of $3.2 billion, and by July 2023, another funding round raised $270 million, pushing the valuation to $4 billion. Reports suggest that Skims generated $500 million in 2022 and is projected to reach $750 million in 2023, as stated by Kim’s business partner, Jens Grede. Post the July 2023 funding round, both Kim and Jens continue to hold a majority share of the company. It is estimated that both own one-third of Skims, which translates to a paper value of $1.32 billion each at the current $4 billion valuation. Consequently, Kim Kardashian’s net worth increased from $1.4 billion to $1.7 billion after this latest funding event.
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From June 2018 to June 2019, Kim earned a total of $72 million across her numerous projects, followed by $50 million in the period between June 2019 and June 2020. For a substantial time, a significant portion of her annual income was derived from licensing and endorsement agreements. For instance, she accrued considerable royalties from the mobile game “Kim Kardashian: Hollywood,” which amassed over 60 million downloads and generated $200 million in revenue. To this day, Kim retains 28% of the generated income from the app. Other sources of Kim’s annual earnings include endorsements, fees for appearances, reality TV salary, and sponsored posts on Instagram. Additionally, she owns a line of tanning products and a clothing collection available at Sears.
Kim Kardashian Net Worth – Jason Merritt/Getty Images
Rise to Fame and Early Life
Born on October 21, 1980, Kim Kardashian grew up in Los Angeles, California. Her father, Robert Kardashian, was notably one of OJ Simpson’s defense lawyers. HerKris Kardashian, also known as Kris Jenner, is Kim’s mother. Kim’s Hollywood journey began as a stylist and assistant for stars, with one of her first major clients being her best friend, socialite Paris Hilton.
Kim Kardashian belongs to a large family that includes her sisters Kourtney and Khloe, as well as her mother Kris and two half-sisters, Kendall and Kylie. The father of Kendall and Kylie is Bruce Jenner, a former Olympic athlete who is now known as Caitlyn Jenner. Over the past twenty years, Kim has ascended to fame, establishing herself as one of the most recognized and successful celebrities globally. She operates as a true media mogul, managing a highly lucrative business empire. Currently, Kim’s empire encompasses a cosmetics line, personal appearance fees, a television salary, a clothing line, weight loss products, perfumes, and retail endorsements.
Significant media attention first came Kim’s way following the release of a notorious sex tape featuring her and Ray J. She leveraged this notoriety into her own reality show, Keeping up with the Kardashians, on the E! Network. Since then, her fame has soared to incredible heights. She has acted in films, appeared on countless magazine covers, and starred in several reality spinoffs, including the recent The Kardashians series that debuted on Hulu in 2022. Additionally, she is slated to feature in the 12th season of American Horror Story in 2023.
Relationships
Throughout her journey, Kardashian has taken the time to date various NFL stars, NBA players, and rappers. In 2011, she got engaged to and married NBA player Kris Humphries, but the marriage lasted just 72 days. Kim earned $18 million in endorsements and TV rights from this wedding.
Following a highly publicized relationship, Kim wed music mogul Kanye West, with their marriage taking place on May 24, 2014. Their daughter, North West, arrived on June 15, 2013, and they now share four children together.
On February 19, 2021, Kim filed for divorce from Kanye. In November 2021, she began dating Pete Davidson, but they parted ways in August 2022.
(Photo by Noel Vasquez/Getty Images)
Wealth Facts
- Kim acquired a $4.8 million mansion in Beverly Hills in March 2010, featuring a Tuscan-style 5-bed abode spread over 4 acres in one of the world’s priciest real estate markets.
- Initially earning around $15,000 per episode of her reality show, Kim’s pay was later raised to an impressive $500,000.
- During the filming of “Kourtney and Kim Take New York,” Kim and her then-husband Kris Humphries resided in the Presidential Suite of the Ganesvoort Hotel, which cost $7000 per night.
- At her wedding, Kim wore a stunning $2.5 million 65-carat diamond headpiece by Lorraine Schwartz, alongside a $2 million 20.5-carat diamond engagement ring, and $5 million worth of 28-carat diamond earrings. Her overall jewelry expenditure on that day exceeded $10 million, not factoring in the $150,000 spent on hair and makeup.
- In 2014, her earnings reached $28 million.
- 2015 saw her earnings rise to $53 million, marking the first time she became the world’s highest-paid celebrity.
- Each year since, her earnings have ranged from $50 million to $80 million.
- 2015.
Milestones in Kim Kardashian’s Net Worth
Our tracking of Kim’s net worth began in October 2009, when we estimated her wealth to be $10 million. By 2011, that figure had increased to $20 million. By January 2013, her worth soared to $40 million. Over the subsequent five years, Kim’s financial success expanded significantly. By 2015, her net worth reached $85 million, and by 2017, it almost doubled to $150 million. As of April 2020, Kim Kardashian’s net worth stands at $350 million.
On June 29, 2020, we raised Kim’s net worth to $900 million following Coty Inc.’s announcement of acquiring a 20% stake in KKW Beauty for $200 million, valuing the entire brand at $1 billion. Post-deal, Kim retained a 72% share worth approximately $720 million.
On April 9, 2020, we adjusted Kim’s net worth to $1.4 billion after Skims disclosed a $154 million raise at a valuation of $1.6 billion, with Kim thought to hold a 50-60% ownership in the company.
(Photo by ANGELA WEISS/AFP via Getty Images)
Real Estate Ventures
In 2013, Kim acquired a mansion in Bel Air, Los Angeles, for $9 million. She and Kanye invested several millions into substantial renovations while residing there during the development of their Hidden Hills estate. The Bel Air house was sold by Kim for $18 million in 2017.
Since August 2014, Kim’s main residence has been a sizable mansion within a gated community in Hidden Hills, California. She and Kanye bought it from a doctor for $20 million, who had previously purchased it from Lisa Marie Presley for $5 million in 2010.
After buying the house, Kim and Kanye took two years to remodel it completely. However, Kanye expressed dissatisfaction with the final outcome in 2016, leading them to start from the ground up. In two transactions in 2019, they extended their footprint to 7.5 acres by acquiring adjacent properties. This home boasts two swimming pools, two spas, a private vineyard, a full-sized basketball court, and a custom-built mansion.
In 2018, they faced the necessity of evacuation due to a wildfire threatening their property. Fortunately, Kim and Kanye had subscribed to insurance that included private firefighter coverage. Not only did the firefighters protect their mansion, but they also safeguarded the entire neighborhood at Kim and Kanye’s expense.
In September 2021, Kim paid Kanye $23 million to formally take ownership of the property, with approximately $3 million allocated for its interior contents.
In September 2022, Kim acquired a 3+ acre property in Malibu, formerly owned by Cindy Crawford and Rande Gerber, for $70 million:
As of May 2023, she is attempting to sell a penthouse in Calabasas that has fluctuated on the market for several years, maintaining a steadfast $2.7 million asking price. In 2022, she listed another Calabasas condo, which ultimately sold for $3.5 million.
Instagram Earnings
For each sponsored Instagram post, Kim’s earnings range from $300,000 to $500,000, with some instances where she has made up to $1 million. The authenticity of these figures was confirmed by a lawsuit Kim launched in May 2019 against the firm Missguided USA. Within the lawsuit, Kim asserted that Missguided replicates her outfits and misleads consumers into believing that there is a collaboration between Kim and Missguided. The legal documents indicated that her earnings typically fall between $300-500k per post and that she has achieved $1 million on multiple occasions. Furthermore, the documents reveal that Kim often declines numerous branding offers that do not align with her image, opting instead to collaborate with a select few partners monthly. In total, Kim’s Instagram revenue could exceed $1-2 million each month! As of June 2023, she boasts over 359 million followers on the platform.
(ANGELA WEISS/AFP via Getty Images)
| 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 |