Unraveling Kim Kardashian’s Ever-Expanding Wealth: Kim’s Net Worth in 2024

$1.7 Billion

Kim Kardashian’s Salary; $80 Million Per Year

Kim Kardashian is an American reality tv star, businesswoman, model and spokesperson with a net worth of $1.7 billion. In a particular year, Kim has been earning in between $50 – 80 million from her various engagements and flourishing business empire and her networth has been increasing exponentially every year.

Introduction

Kim Kardashian stands as one of the most renowned and affluent celebrities globally.

Along with her much of the endorsement deals, the major chunk of Kim Kardashian’s wealth is actually due to her equity stakes in below two companies:

KKW Beauty: A D-to-C beauty product business.

Skims: A shapewear apparel company.

KKW Beauty Products company was launched in 2017, generating over $110 million in gross revenue now. Valuing the company as a whole at $1 billion In June 2020, Kim earned $200 million after selling her 20% stake in KKW Beauty Line. As a result of this fundraising round, Kim’s net worth increased to $900 million as per estimates.

In 2019, Kim secured a $5 million investment from Venture Capital firm Imaginary Ventures to launch her shapewear line, Skims. By 2021, Skims had amassed an impressive $154 million in funding, valuing the company at $1.6 billion. Remarkably, Kim retained majority ownership even after this substantial financing round. The following year, in 2022, Skims underwent another funding round, this time at a valuation of $3.2 billion. Fast forward to July 2023, Skims secured a remarkable $270 million in funding, elevating its valuation to an impressive $4 billion.

Net Worth	$1.7 Billion
Salary	$80 Million Per Year
Birthdate	Oct 21, 1980 (43 years old)
Gender	Female
Height: 5 ft 2 in (1.59 m)	5 ft 2 in (1.59 m)
Birthplace	Los Angeles
Nationality	USA
Profession	Model, Actor, Entrepreneur, Businessperson, Fashion designer, TV Personality, TV producer

According to reports from Kim’s business partner, Jens Grede, Skims saw exceptional financial success, earning $500 million in 2022 and projected to reach $750 million in 2023. Despite the July 2023 funding round, both Kim and Jens maintain majority control of the company’s equity, with each believed to own a third of Skims. With the company valued at $4 billion, the theoretical value of their one-third stakes stands at $1.32 billion each. This latest funding round in July 2023 significantly boosted Kim Kardashian’s net worth from $1.4 billion to $1.7 billion.

Kim Kardashian Wealth

Between June 2018 and June 2019, Kim earned $72 million from her various endeavors, and then, between June 2019 and June 2020, she earned $50 million.For a significant period, a substantial portion of Kim’s yearly income stemmed from licensing and endorsement agreements. Notably, she amassed considerable wealth from royalties derived from the popular mobile game “Kim Kardashian: Hollywood.”The game has garnered over 100 million downloads and generated $200 million in revenue of which Kim retains a 28% share. Apart from the mobile app, Kim’s annual earnings are diversified, encompassing endorsements, appearance fees, reality TV compensation, and sponsored Instagram posts. Additionally, she has ventured into the beauty industry with a line of tanning products and established a clothing line available at Sears.

Early Years of Life

Kim Kardashian was first born of parents Robert Kardashian  and Kris Kardashian, AKA Kris Jenner on October 21, 1980, in Los Angeles, California. Kim’s father Robert Kardashian was one of OJ Simpson’s defense lawyers which became one of the reasons of divorce with her mother Kris Kardashian.

Kim Kardashian has an extensive family which includes sisters Kourtney and Khloe Kardashian, her mother Kris and two half-sisters, Kendall and Kylie. Kyle and Kendall Jenner’s father is a former Olympic athlete Bruce Jenner, now known as Caitlyn Jenner. Throughout the past twenty years, Kim has ascended to the pinnacle of fame, establishing herself as one of the most renowned and accomplished celebrities worldwide. Kim is a bona fide media magnate, overseeing a highly lucrative business realm. Presently, her domain includes a cosmetics brand, television contracts, earning from public appearances, fragrances, a fashion label, dietary supplements and endorsements in retail.

Rise to Stardom

In Hollywood, Kim started her career as a stylist and assistant to the famous celebrities with best friend and socialite Paris Hilton becoming one of her big early clients.

Kim initially captured widespread attention following the release of a highly publicized sex tape featuring her and Ray J. Leveraging this notoriety, she ventured into reality television with her own show, “Keeping Up with the Kardashians,” airing on the E! network. As a result of that, Kim’s celebrity status has soared to unprecedented heights. She has ventured into acting, appearing in films, gracing countless magazine covers, and featuring in numerous reality spinoffs, including the recent “The Kardashians” series on Hulu in 2022. Additionally, she also starred in the 12th season of “American Horror Story” in 2023.

Romantic Relationships

Throughout her journey, Kardashian has been romantically linked with several NFL stars, NBA players, and rappers. In 2011, she became engaged to and tied the knot with NBA player Kris Humphries. However, their marriage was short-lived, lasting only 72 days. Nonetheless, Kim capitalized on the event, earning $18 million from endorsements and television rights related to the wedding.

After a highly publicized courtship, Kim wed music icon Kanye West on May 24, 2014, following numerous appearances by Kanye on “Keeping Up with the Kardashians.” North West, their daughter, was born on June 15, 2013, after which they now have four children together.

However, Kim filed for divorce from Kanye West on February 19, 2021. Subsequently, she began dating Pete Davidson in November 2021, but their relationship concluded in August 2022.

Growing Wealth

Highest jump in earnings– Initially earning a modest $15,000 per episode of her reality show, Kim’s compensation skyrocketed to $500,000 as her fame surged.

Beverly Hills Mansion– In March 2010, Kim acquired a lavish $4.8 million mansion in Beverly Hills, boasting a sprawling Tuscan-style design with five bedrooms spread across 4 acres in one of the world’s most exclusive real estate locales.

Presidential Suite– During the filming of “Kourtney and Kim Take New York,” Kim and her then-husband Kris Humphries resided in the opulent Presidential Suite of the Gansevoort Hotel, commanding a nightly rate of $7,000.

Wedding with Kanye West– At her wedding, Kim adorned herself with opulent jewelry, including a $2.5 million, 65-carat diamond headpiece by Lorraine Schwartz, a $2 million, 20.5-carat diamond engagement ring, and 28-carat diamond earrings valued at $5 million. In total, her wedding ensemble exceeded $10 million, not to mention the $150,000 spent on hair and makeup.

Continuously growing wealth– Kim amassed a staggering $28 million in earnings in 2014, followed by a remarkable $53 million in 2015, solidifying her status as the highest-paid celebrity globally for the first time. Since 2016, Kim has consistently earned between $50 and $80 million annually, further cementing her position as a formidable force in the entertainment industry.

How much Kim Kardashian’s Net Worth has surged over the years

October 2009: Kim’s net worth estimated at $10 million.         

2011: Net worth increased to $20 million.

January 2013: Net worth reached $40 million.

2015: Net worth surged to $85 million.

2017: Net worth nearly doubled to $150 million.

April 2020: Kim’s net worth reached $350 million.

June 29, 2020: Net worth raised to $900 million following Coty Inc.’s acquisition of a 20% stake in KKW Beauty for $200 million, valuing the brand at $1 billion. Kim retained a 72% stake valued at $720 million.

April 9, 2020: Net worth increased to $1.4 billion after Skims raised $154 million at a valuation of $1.6 billion. Kim is believed to hold a 50-60% ownership stake in the company.

Real Estate Assets

Alongside Kanye, In 2013, Kim invested $9 million in a mansion located in LA’s Bel Air neighborhood  and allocated several million dollars for substantial upgrades, utilizing the residence while their Hidden Hills property was under development. Ultimately, Kim sold the Bel Air house for $18 million in 2017.

Since August 2014, Kim has resided in a spacious mansion nestled within a gated community in Hidden Hills, California. Originally purchased from a doctor for $20 million, who in turn acquired it from Lisa Marie Presley in 2010 for $5 million, the property underwent extensive remodeling over the following two years. However, dissatisfaction with the final result prompted Kim and Kanye to embark on a complete overhaul in 2016. In 2019, they expanded their estate by purchasing adjacent properties, enlarging their footprint to 7.5 acres. The mansion boasts lavish amenities including two swimming pools, two spas, a private vineyard, a full-sized basketball court, and a custom-built residence.

In 2018, the couple faced a harrowing ordeal when a wildfire threatened their property, necessitating their evacuation. Fortunately, their subscription to an insurance plan with private firefighting coverage proved invaluable. Not only did the firefighters safeguard their mansion, but their efforts also spared the entire neighborhood, courtesy of Kim and Kanye’s proactive measures.

In September 2021, Kim finalized the transfer of the property into her name by paying Kanye $23 million. Approximately $3 million of this sum was allocated toward the acquisition of the home’s interior contents.

In September 2022, Kim paid $70 million for this 3+ acre property in Malibu, which once belonged to Cindy Crawford and Rande Gerber:

As of May 2023, she’s trying to unload a Calabasas penthouse that has been on and off the market for several years. She has held firm on the $2.7 million price tag. In 2022, she listed another Calabasas condo that ended up selling for $3.5 million.

Earnings from Instagram

Kim commands a substantial income through her Instagram presence, raking in between $300,000 and $500,000 for each sponsored post. At times, she has even garnered as much as $1 million per post. These figures were revealed during a lawsuit filed by Kim against Missguided USA in May 2019, where court documents unveiled her earnings range. Kim is selective with her brand partnerships, often rejecting offers from companies she does not wish to endorse. With her massive following of over 359 million as of June 2024, Kim’s Instagram earnings likely exceed an astounding $1-2 million per month.

Frequently Asked Questions:

What is Kim Kardashian’s annual salary?

Kim Kardashian earns $80 million per year.

What is Kim Kardashian’s net worth?

Kim Kardashian’s net worth is $1.7 billion.

What are the major sources of Kim Kardashian’s wealth?

Kim Kardashian’s wealth primarily comes from her equity stakes in KKW Beauty and Skims.

How much did Kim Kardashian earn from selling her stake in KKW Beauty?

Kim Kardashian earned $200 million after selling her 20% stake in KKW Beauty Line.

How much funding has Skims received?

Skims received $270 million in funding in July 2023, elevating its valuation to $4 billion.

What is Kim Kardashian’s business partner’s name?

Kim Kardashian’s business partner is Jens Grede.

How much does Kim Kardashian earn from sponsored Instagram posts?

Kim Kardashian earns between $300,000 and $500,000 for each sponsored Instagram post.

How tall is Kim Kardashian?

Kim Kardashian is 5 feet 2 inches (1.59 meters) tall.

What is Kim Kardashian’s birthdate?

Kim Kardashian was born on October 21, 1980, making her 43 years old.

Where was Kim Kardashian born?

Kim Kardashian was born in Los Angeles, California, USA.

What is Kim Kardashian’s nationality?

Kim Kardashian is American.

What is Kim Kardashian’s marital status?

Kim Kardashian is currently divorced.

How many children does Kim Kardashian have?

Kim Kardashian has four children.

Who were Kim Kardashian’s parents?

Kim Kardashian’s parents are Robert Kardashian and Kris Kardashian.

Who are Kim Kardashian’s siblings?

Kim Kardashian has sisters Kourtney, Khloe, Kendall, and Kylie.

Who was Kim Kardashian’s first husband?

Kim Kardashian’s first husband was Kris Humphries.

Who is Kim Kardashian’s current partner?

Kim Kardashian’s current partner is not known.