Kim Kardashian joins the billionaire club

Gulf Today Report

Kim Kardashian has added billionaire to her resume.

The cosmetics and shapewear businesswoman, Kim Kardashian, is officially a billionaire, according to an estimate from Forbes, making her debut on the exclusive global list only one year after her younger sister Kylie Jenner fell off of it.

Forbes said it estimated that Kardashian, 40, "is now worth $1 billion, up from $780 million in October.

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Kim’s money comes from TV income and endorsement deals, according to the magazine, as well as her two lifestyle brands.

The Forbes estimate means Kardashian joins her soon-to-be ex-husband Kanye West in the billionaire's club. Forbes on Tuesday estimated West's net worth at $1.8 billion, mostly from deals on his Yeezy sneaker and fashion line.

Kardashian filed for divorce from West, 43, in February, citing irreconcilable differences, according to Reuters.

Her half sister Kylie Jenner, however, lost her billionaire status, Forbes said on Tuesday. It valued the 23-year-old's fortune at around $700 million, citing a tough year for cosmetic sales during the coronavirus pandemic and what it said were previous overestimates of revenue from Kylie Cosmetics, now 51% owned by Coty Inc .

Kardashian founded KKW Beauty in 2017, promoting and selling the products online, helped by a social media presence that includes some 213 million Instagram followers. She launched the multihued shapewear line Skims in 2019.