Call her the $4 Billion Woman! On July 19, The New York Times reported that, following a fresh round of investor funding, Kim Kardashian's SKIMS clothing line is now valued at a whopping $4 billion. "It has grown quickly, and we're so proud of that," the reality star, 42, told the paper.
"We've had a really good flow of product launches." Those launches have expanded the company from shapewear into the swim and loungewear market, with plans to expand into men's duds and to open brick and mortar stores, as well. What's more, just four years after Kim started the venture in 2019, the company is on track to rake in $750 million in sales this year, up from $500 million in 2022. "She worked really hard at getting SKIMS to a certain level, but even she's shocked by its success," admits an insider. "Kim's on top of the world."
NO KEEPING UP.....
It's sweet revenge on those who doubted her venture from the outset. "Kim is laughing at all the naysayers, even family members like sister Kourtney who criticized her ambition as being just greedy," says the source. "Call her money-hungry if you like she's laughing all the way to the bank."
This story is from the August 07, 2023 edition of Life & Style US.
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This story is from the August 07, 2023 edition of Life & Style US.
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