Kim Kardashian has a net worth of $1.4 billion. When she’s not spending time with her kids and managing her businesses, Kim is working hard to make lives better for millions of people. The reality TV star, model entrepreneur and spokesperson is also extremely popular and one of the richest celebrities on the planet.
Kim Kardashian Net Worth 2023:
|Net worth||$1.4 Billion|
|Date of birth||October 21, 1980|
|Height||5 ft 2 inches|
|Profession||Socialite, model, businesswoman|
Kim Kardashian and her net worth
Kim earns anywhere between $50-80 million from various endeavors in her growing empire. Back in June 2018 and 2019, she earned $72 million from her endeavors and then from 2019-2020 she earned $50 million. A chunk of Kim’s annual earnings came from licensing and endorsement deals.
She also earned her fortune from royalties generated by the mobile game ‘Kim Kardashian: Hollywood’. The game generated $200 million in revenue and was downloaded over 60 million times. Even to this day, she keeps 28% of the money generated by the app. Kim’s annual earnings also come from endorsements, appearance fees, reality TV salary and paid sponsorships on Instagram. She gets paid anywhere between $300,000 and $500,000 for paid Instagram posts. She has even earned as much as $1 million.
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Channeling the businesswoman within
Outside of all her endorsement deals, a bulk of the net worth of Kim Kardashian comes from equity stakes she holds in her two companies:
- KKW Beauty: A beauty product line.
- Skims: A shapewear company.
Today, KKW Beauty Line generates close to $100 million in gross revenue. In 2020, Kim sold a 20% stake in KKW Beauty Line for $200 million when the company was valued at $1 billion.
In 2019 she raised $5 million from a VC to launch a line of shapewear called Skims. Fast forward to 2021 and Skims raised $154 million with a valuation of $1.6 billion. Kim still remains the majority owner.
Early life and her road to fame
Kim was born on October 21, 1980, in Los Angeles, California. Her father was Robert Kardashian and her mother is Kris Kardashian/Kris Jenner. Kim’s career in Hollywood began as an assistant and stylist to the stars. One of her early clients was her best friend Paris Hilton.
Kim has a big famous family including sisters Kourtney Kardashian and Khloe Kardashian, her mother Kris Jenner and two half-sisters, Kendall Jenner and Kylie Jenner. Over the last 10 years, Kim has risen to become one of the most famous and successful celebrities on the planet. She is a media mogul who is very successful at running an extremely profitable business empire.
Kim’s rise to fame came from her own reality show, ‘Keeping Up With The Kardashians’ which aired its last episode in 2021. Since then, she has starred in movies, appeared in thousands of magazines covers and several reality spinoffs. All of these played an important role in boosting her net worth.
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In 2011, Kim got engaged and married NBA player Kris Humphries. Kim made $18 million from endorsements and TV rights to this wedding. She later married music mogul Kanye West and today they have four children. In February 2021, Kim filed for divorce from Kanye.
In 2013 Kim bought a mansion in LA’s Bel Air for $9 million. She and Kanye even spent millions on upgrades. Side-by-side they were developing their Hidden Hills property. In 2017, Kim sold the Bel Air house for $18 million.
Kim and West bought the Hidden Hills house from a doctor for $20 million. They spent the next two years fully remodeling. Since West wasn’t happy with the final product, in 2016 they started from scratch. In 2021, Kim paid West $23 million to transfer the property to her name.
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How Kim Kardashian uses her net worth for causes
Kim Kardashian uses her net worth to advocate and fund causes that are near and dear to her heart. Her passion for a law career and prison reform activism sparked changes in the lives of incarcerated individuals. Both on- and off-screen, Kim continues to fight for others.
The beauty mogul donated close to $1 million to the Armenia Fund, an organization that provides humanitarian relief to the people of Armenia. During the pandemic, Kim announced that 20% of the Skims Cotton Collection proceeds were donated to Baby2Baby’s Covid-19 Emergency Response Program. The donation was to support families living below the poverty level by donating items like diapers, formula, blankets and more.
In an episode of ‘Keeping Up With The Kardashians’ in 2017, the mother of four visited Alexandria House, which was a shelter for women and single mothers. Kim donated beauty products, childcare necessities, hair services and more. A month after the episode aired, Alexandria House received more than $1 million in donations.