American reality television personality, model, businesswoman, and publicist Kim Kardashian. One of the most well-known and wealthy celebrities in the world is Kim Kardashian. Kim makes between $50 and $80 million annually from her many businesses and expanding empire.
Kim Kardashian Net Worth
Kim Kardashian Net Worth is $1.4 billion currently. Kim made $72 million from her numerous activities between June 2018 and June 2019 before making $50 million from June 2019 to June 2020. Kim used to make a significant amount of her yearly income through endorsement and licensing deals.
She received a tiny income, for instance, from royalties from the mobile game “Kim Kardashian: Hollywood”. Over 60 million people eventually downloaded the game, which brought in $200 million in income. Even today, Kim keeps 28% of the revenue the program generates.
Kim makes her yearly income through endorsements, appearance fees, reality TV pay, and paid Instagram sponsorships in addition to the mobile app. She also owns a clothes line at Sears and a line of tanning products.
How Did Kim Earn This Much Of Net Worth
Leaving endorsement deals aside, Kim Kardashian’s equity stakes in two firms account for the majority of her net worth:
KKW Beauty: A line of beauty products sold directly to consumers
A maker of shapewear, skims
KKW Beauty Line, which was introduced in 2017, now produces over $100 million in gross sales annually. The company was valued at $1 billion after Kim sold a 20% stake in KKW Beauty Line for $200 million in June 2020. Kim’s net worth reportedly risen to $900 million as a result of the fundraising round, according to estimates from CNW.
She obtained $5 million from venture capital firm Imaginary Ventures in 2019 to develop the Skims line of shapewear. Skims raised $154 million in 2021 with a $1.6 billion valuation. Kim kept her position as the majority owner even after the large fundraising round.
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Real Estate Of Kim Kardashian
Kim purchased a property in LA’s Bel Air district for $9 million in 2013. She and Kanye made major modifications to this house at a cost of several million dollars, and they resided there while their Hidden Hills property was being built. Kim received $18 million for the Bel Air home in 2017.
Kim has lived in a sizable estate inside a gated neighborhood in Hidden Hills, California, as her permanent residence since August 2014. For $20 million, Kim and Kanye acquired the home from a physician. In 2010, the doctor paid Lisa Marie Presley $5 million to purchase the home.
The subsequent two years were spent completely refurbishing by Kim and Kanye. Sadly, in 2016, Kanye wasn’t satisfied with the result, so they started over from scratch. They acquired adjacent properties throughout the course of two transactions in 2019 to increase their footprint to 7.5 acres. The house has two swimming pools, two spas, a private vineyard, a court that can accommodate a full-sized basketball, and a mansion.
They had to leave their property in 2018 when a wildfire dangerously near to it. Fortunately, Kim and Kanye have a fire protection insurance policy that covered hired private firefighters. At Kim and Kanye’s expense, the firefighters not only managed to save their property, but also the entire neighborhood.
Kim paid Kanye $23 million in September 2021 to formally put the home in her name. The contents of the house cost about $3 million of that total.
This three and a half acre Malibu property that was formerly owned by Cindy Crawford and Rande Gerber was purchased by Kim in September 2022 for $70 million.
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