Kim Kardashian Net Worth: $1.7 Billion in 2024
Kim Kardashian Net Worth: $1.7 Billion in 2024.
What is Kim Kardashian's Net Worth?
Kim Kardashian is a well-known American reality TV star, model, entrepreneur, and spokesperson, boasting a net worth of $1.7 billion. She's one of the richest and most recognized celebrities worldwide. Each year, Kim rakes in between $50 million and $80 million from her various ventures and expanding business empire. While she has numerous endorsement deals, the majority of her wealth comes from her stakes in two companies: KKW Beauty, a direct-to-consumer beauty line, and Skims, a shapewear brand.
Check Out Kim's New Fragrance Here!
KKW Beauty, which launched in 2017, now pulls in over $100 million in gross revenue annually. In June 2020, Kim sold a 20% share of KKW Beauty for $200 million, which valued the entire company at $1 billion. This deal boosted her net worth to an estimated $900 million, according to CNW.
In 2019, she secured $5 million from Imaginary Ventures to kick off her shapewear line, Skims. By 2021, Skims had raised $154 million, reaching a valuation of $1.6 billion. Even after this significant funding, Kim retained majority ownership. In 2022, Skims was valued at $3.2 billion after another funding round, and in July 2023, it raised $270 million, pushing its valuation to $4 billion. Reports from Kim's business partner, Jens Grede, indicate that Skims generated $500 million in revenue in 2022 and is projected to hit $750 million in 2023.
Following the July 2023 funding, Kim and Jens still hold a majority stake in the company, each owning about one-third. At the $4 billion valuation, that means each of their stakes is worth approximately $1.32 billion. This latest funding round helped elevate Kim Kardashian's net worth from $1.4 billion to $1.7 billion.
From June 2018 to June 2019, Kim raked in a whopping $72 million from her various projects, and then from June 2019 to June 2020, she made another $50 million. A big chunk of her income during that time came from licensing and endorsement deals. One standout was the mobile game "Kim Kardashian: Hollywood," which brought in a ton of cash—over $200 million in revenue and more than 60 million downloads!
Kim still pockets 28% of the earnings from that app. Besides the game, her income also comes from endorsements, fees for appearances, her reality TV paycheck, and sponsored posts on Instagram. Plus, she has her own line of tanning products and a clothing line at Sears.
Early Life and Rise to Fame
Kim Kardashian was born on October 21, 1980, in Los Angeles, California. Her dad, Robert Kardashian, was one of the lawyers on OJ Simpson's defense team, while her mom is Kris Kardashian, also known as Kris Jenner. Kim kicked off her Hollywood journey as an assistant and stylist, with one of her first big clients being her close friend, socialite Paris Hilton.
Kim comes from a large family, which includes her sisters Kourtney and Khloe, her mom Kris, and her two half-sisters, Kendall and Kylie. Kendall and Kylie's dad is former Olympic athlete Bruce Jenner, who now goes by Caitlyn Jenner. Over the past twenty years, Kim has climbed the ladder of fame to become one of the most recognized and successful celebrities worldwide. She's a true media mogul, running a highly lucrative business empire that includes a cosmetics line, personal appearance fees, a TV salary, a clothing line, weight loss products, perfume, and retail endorsements.
Her rise to fame took off after the release of a controversial sex tape with Ray J. Kim used that attention to launch her own reality show, Keeping Up with the Kardashians, on the E! network. Since then, her popularity has exploded. She’s appeared in movies, graced countless magazine covers, and starred in various reality spinoffs, including the latest series, The Kardashians, which premiered on Hulu in 2022. Plus, she’s set to appear in the 12th season of American Horror Story in 2023.
RELATED: Kardashians Skip Lavish Christmas Party Over Budget Concerns.
Relationships
Kardashian has had her fair share of romances with NFL players, NBA stars, and rappers over the years. In 2011, she got engaged to NBA player Kris Humphries, but that marriage was short-lived, lasting just 72 days. Interestingly, Kim raked in $18 million from endorsements and TV rights related to the wedding.
Later on, she tied the knot with music mogul Kanye West after a highly public relationship, which included several of his appearances on Keeping Up with the Kardashians. They said "I do" on May 24, 2014, and welcomed their daughter, North West, on June 15, 2013. Together, they have four kids.
However, on February 19, 2021, Kim filed for divorce from Kanye. She then started dating Pete Davidson in November 2021, but they broke up in August 2022.
Wealth Facts
In March 2010, Kim snagged a mansion in Beverly Hills for a cool $4.8 million. This place is a Tuscan-style beauty with 5 bedrooms, sitting on 4 acres in one of the priciest real estate markets around.
Back in the day, she was pulling in about $15,000 per episode of her reality show, but then her salary jumped to $500,000.
While filming "Kourtney and Kim Take New York," Kim and her then-hubby Kris Humphries stayed in the swanky Presidential Suite at the Ganesvoort Hotel, which set them back $7,000 a night.
At her wedding, Kim rocked a stunning $2.5 million diamond headpiece from Lorraine Schwartz, a $2 million engagement ring with 20.5 carats, and diamond earrings worth $5 million, totaling over $10 million in bling for her special day.
And let’s not forget the $150,000 she dropped on hair and makeup.
In 2014, she raked in $28 million.
The following year, she made $53 million, officially becoming the highest-paid celebrity in the world for the first time.
Since 2015, she’s been earning between $50 million and $80 million each year.
Kim Kardashian Net Worth Milestones
We kicked off our tracking of Kim's net worth back in October 2009, estimating it at around $10 million. Fast forward to 2011, and her wealth had doubled to $20 million. By January 2013, she hit the $40 million mark. Over the next five years, her financial situation skyrocketed. By 2015, she was sitting at $85 million, and by 2017, her net worth had nearly doubled again to $150 million. As of April 2020, Kim Kardashian's net worth reached $350 million.
On June 29, 2020, we bumped her net worth up to $900 million after Coty Inc. announced it was buying a 20% share in KKW Beauty for $200 million, valuing the entire brand at $1 billion. Kim kept a 72% stake in the company, which is worth about $720 million.
Then, on April 9, 2020, we raised her net worth to $1.4 billion when it was revealed that Skims had secured $154 million at a valuation of $1.6 billion. It's estimated that she owns between 50-60% of the company.
Real Estate
In 2013, Kim dropped $9 million on a mansion in Bel Air, LA. She and Kanye poured several million into major renovations and stayed there while their Hidden Hills place was being built. By 2017, Kim flipped the Bel Air house for $18 million.
Since August 2014, Kim's been living in a spacious mansion in a gated community in Hidden Hills, California. She and Kanye snagged it from a doctor for $20 million, who had bought it from Lisa Marie Presley back in 2010 for just $5 million.
They spent the next couple of years completely remodeling the place, but Kanye wasn't satisfied with the end result in 2016, so they decided to start fresh. In 2019, they expanded their property by purchasing neighboring lots, bringing their total to 7.5 acres. The estate boasts two swimming pools, two spas, a private vineyard, a full-sized basketball court, and a custom-built mansion.
In 2018, they had to evacuate due to a wildfire that got too close for comfort. Luckily, they had an insurance plan that included private firefighters. Not only did they save their home, but the entire neighborhood was protected at Kim and Kanye's expense.
In September 2021, Kim paid Kanye $23 million to officially take over the property, with about $3 million of that going towards the home's furnishings.
Then in September 2022, Kim shelled out $70 million for a 3+ acre property in Malibu that used to belong to Cindy Crawford and Rande Gerber.
As of May 2023, she's looking to sell her Calabasas penthouse, which has been on the market on and off for a few years now. She's sticking to her guns with the $2.7 million asking price. Back in 2022, she put another condo in Calabasas up for sale, and it went for $3.5 million.
Instagram Earnings
Kim rakes in between $300,000 and $500,000 for each sponsored post on Instagram, with some posts bringing in as much as $1 million. These figures came to light during a lawsuit she filed in May 2019 against Missguided USA, where she accused them of copying her outfits and misleading consumers into thinking they were collaborating with her. The court papers revealed that Kim earns $300-500k per post and has hit the $1 million mark multiple times.
She’s known to turn down a lot of brand offers that don’t fit her vibe, opting for just a few partnerships each month. When you add it all up, her Instagram earnings probably exceed $1-2 million every month! As of June 2023, she boasts over 359 million followers on the platform.
Kim Kardashian's net worth by year
Year Net Worth
2009 $10,000,000
2011 $20,000,000
2013 $40,000,000
2015 $85,000,000
2017 $150,000,000
2019 $300,000,000
2020 $900,000,000
2021 $1,000,000,000
2022 $1,100,000,000
2023 $1,400,000,000
2024 $1,700,000,000
RELATED: Kylie Jenner's Net Worth in 2024: A $700 Million Empire.
Kim Kardashian's impressive rise from reality TV star to billionaire entrepreneur showcases her remarkable business acumen and ability to leverage her fame into highly successful ventures. With her ownership in KKW Beauty, Skims, and various other lucrative deals, she has built a lasting legacy in both the beauty and fashion industries.
Beyond her business ventures, her social media presence and strategic partnerships have solidified her as a powerful global influencer. As her wealth continues to grow, Kim Kardashian’s story serves as an inspiring example of how talent, persistence, and innovation can lead to extraordinary success.
