Reality TV Star Kim Kardashian is $600 Million richer now, thanks to her "Body-wears"

Hollywood Celebrity, Influencer, Businesswoman, and reality TV star Kim Kardashian's net worth elevated to a whopping $600 Million after her skin-wear brand "Skims" hits $3.2 Billion Valuation. With this, the already billionaire Fashionista's net worth is now at $1.8 billion. This is after her brand Skims received funding which doubled the valuation of the company.

In a financing round led by hedge fund Lone Pine Capital, Skims secured $240 million. The participants included D1 Capital Partners along with the previous investors Imaginary Ventures, Alliance Consumer Growth, and Thrive Capital, as Skims confirmed to Forbes. In the April of 2021, Skims was valued at $1.6 billion. But now, after the recent investment injection, the net worth of the brand is valued at $3.2, which is just double the previous value. The brand is well known for its bodysuits, bras, and loungewear.

Kim Kardashian holds an approximately 35% stake in the company, which in monetary terms is equivalent to around $900 Million. Though well promulgated ever since its launch owing to the fame of the reality TV star, the company gained momentum during the Covid-19 pandemic and saw its sales jump 90%. It is forecasted to bring in about $400 Million in revenue in the year 2022.