Kim Kardashian West is joining the ranks of Jeff Bezos, Elon Musk and other moguls: She is officially a billionaire, according to Forbes.
Kardashian West launched KKW Beauty in 2017, and Coty acquired a 20 percent stake in the cosmetics line in a deal last year that valued the business at $1 billion. Forbes said her remaining stake in the business is worth about $500 million.
There's also her other business: Skims, a collection of figure-hugging shapewear and bodysuits. Forbes said she has a majority stake in the private business, which hasn't disclosed revenue—but a source told the magazine the company is valued "north of $500 million." That means her stake is possibly worth $225 million, which is "enough to lift her fortune to $1 billion," per Forbes.
Kardashian West also holds assets in cash, investments and real estate. And though the family's long-running E! show is about to end, a new deal with Hulu to create content will keep the TV money flowing.
It's not the first time the Kardashian-Jenner family has appeared on a Forbes list. The magazine previously sparked controversy for crowning her younger sister Kylie Jenner the youngest ever self-made billionaire at 21 years old. Critics argued Jenner can't be considered self-made because she comes from a wealthy, well-known family.