American business magazine, Forbes, says reality TV star, Kim Kardashian’s net worth has risen to $1.8 billion.
Kim’s net worth increased by $600m less than a year after she joined the billionaire list.
According to Forbes, Kim’s increase in her personal wealth was due to a fresh bout of funding that doubled the valuation of her shapewear and underwear label Skims.
Skims secured $240 million in a financing round led by hedge fund Lone Pine Capital, with participation from D1 Capital Partners as well as previous investors Imaginary Ventures, Alliance Consumer Growth and Thrive Capital, the company confirmed to Forbes.
The capital injection, first reported by Bloomberg on Thursday, raised the value of the three-year-old company–known for its bodysuits, bras, loungewear and more–to $3.2 billion, up from $1.6 billion in April 2021.
In April, Kim Kardashian attained her billionaire status.
Her brand, Skims, offers underwear and loungewear in the founder’s signature minimalist style.
The celebrity used her huge social media presence during the coronavirus lockdowns to promote Skims loungewear.
In February 2021, Kim Kardashian filed for divorce against rapper, Kanye West, after six years years of marriage.
Also, she requested joint legal and physical custody of their four children: daughters North, 7, and Chicago, 3, and sons Saint, 5, and Psalm.
Kim has been married three times, first to Damon Thomas, then Kris Humphries and lastly Kanye West.
