Kim Kardashian has officially the ranks of Jeff Bezos, Elon Musk and other moguls: She is formally a billionaire, according to Forbes.
Forbes released its annual “World’s Billionaire List” today, which placed the female business mogul on the elite list for the first time.
The magazine said West’s booming businesses, KKW Beauty and Skims, helped put her over the top to achieve the billionaire benchmark when added to her television show and endorsement deals.
Kardashian West launched KKW Beauty in 2017, and Coty COTY acquired a 20% stake in the cosmetics line in a deal last year that valued the business at $1 billion. Forbes said her remaining stake in the business is worth about $500 million.