Kim Kardashian Now A Billionaire — Forbes

For the first time, reality star and businesswoman Kim Kardashian has joined the elite team of billionaires, according to a new report by Forbes.

Per TMZ, Forbes has recently estimated that Kim's net worth has skyrocketed from $780 million last October to a billion bucks. Her cosmetics line, KKW Beauty, and SKIMS brand are a big part of the increased wealth.

According to the report, KKW Beauty has been making about $100 million every year since it was launched in 2017, and when Kim sold 20 percent of her stake in ownership to beauty conglomerate Coty, an added sum of $200 million went to her bank account.

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Kim Kardashian

Forbes reveals that the remaining 72 percent of her ownership stake in the company is worth about $500 million on its own. Additionally, SKIMS (which hasn't disclosed its financials) where Kim's ownership stake is worth a reported $225 million.

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The rest of Kim's money is made up of liquid cash and other investments, including real estate. Forbes says that since 2012, she has been earning $10 million annually (pre-tax) for Keeping up with the Kardashians endorsement deals and other business ventures she is involved in.

Kim Kardashian hasn't responded to the new development but it should come as a bit of welcome news considering her messy divorce saga with Kanye West.