Kim Kardashian has set her sights on bigger things and is going from just reality TV to big money Private Equity.
The Entrepreneur and TV star is launching her own private equity firm SKKY Partners, alongside Jay Sammons, a 16-year veteran of The Carlyle Group. Kris Jenner is understood to also begin to serve as a partner at the firm.
According to SKKY, the firm “will make both control and minority investments in growth-oriented, market-leading consumer and media companies.”
That will include consumer products and e-commerce, media and entertainment, hospitality, and luxury, all of which are 'target sectors' for the firm.
It also intends to lean on Sammons’ financial and operational experience and Kardashian’s “global reach and unrivalled social influence” to find companies to invest in or acquire.
With SKKY, Kim and her mother are betting that their reach, fame and experience can help them build a much wider range of businesses.
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