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Kim Kardashian's cosmetics and shapewear businesses help her become a billionaire

Kim Kardashian's cosmetics and shapewear businesses help her become a billionaireCover Media

Kim Kardashian has officially become a billionaire thanks to the success of her shapewear and cosmetics lines.

The 40-year-old star has seen her net worth rise from $780 million (£564 million) in October last year to $1 billion (£723 million) this month, reports Forbes magazine. The bulk of Kim's wealth comes from her two successful companies; shapewear brand Skims and the KKW Beauty make-up range.

Kim has also earned millions from appearing in the TV show Keeping Up with the Kardashians, various endorsement deals, and her estate also includes several properties and investments.

The star has proven herself a savvy businesswoman, having sold 20 per cent of her KKW Beauty brand to Coty Inc. for $200 million (£144.6 million) last year.

Kim's estranged husband Kanye West has also made the list, with a net worth of $1.8 billion (£1.3 billion), mostly from his Yeezy sneaker range and fashion line.

However, Forbes reports Kim's half-sister Kylie Jenner has lost her billionaire status, after valuing her fortune - predominantly made from her Kylie Cosmetics business - at around $700 million (£500 million).

It seems Kim is eager to continue expanding her business ventures, after filing a trademark for a skincare brand. The star submitted legal documents on 30 March, with a total of 19 filings for "various goods and services" under SKNN BY KIM.

The list includes skin cosmetics, beauty and nail products, accessories and tools, hair accessories, vitamins and supplements, and candles.

This news comes shortly after Kim's mother Kris Jenner filed her own trademark for a beauty brand under the names Kris Jenner Skincare, Kris Jenner Skin, and Kris Jenner Beauty.

 

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