Kim Kardashian Net Worth & Earnings Explored [2023 Update]

Kim Kardashian is a famous media personality, socialite, model, entrepreneur, and businesswoman. She first gathered the eyeballs of the audience as a friend and stylist of The Simple Life star Paris Hilton. Later on, she gained wider attention after an infamous sex tape featuring her and Ray J was released. Soon after, she began to appear in the E! reality television series Keeping Up with the Kardashians which ran from the year 2007 to 2021.

After that, a few spin-off series of the show were created: Kourtney and Kim Take New York (2011–2012), Kourtney and Kim Take Miami (2009–2013), and Hulu’s The Kardashians (2022). Over the last couple of years, she has managed to build a strong fanbase on various social media platforms such as Instagram, Twitter, and more.

Kim Kardashian

At the moment, Kim Kardashian is one of the richest and most renowned celebrities in the whole wide world. Apart from being a social media influencer, she is also an entrepreneur who has put her money into various businesses. Continue reading further to know more about the life of Kim Kardashian (including her net worth, assets, and real estate properties).

What is Kim Kardashian’s net worth in 2023?

It has been reported by Forbes magazine, the estimated net worth of the former Keeping Up With The Kardashians star Kim Kardashian is a hefty $1.7 billion as of 2023. She is one of the most recognized stars on the planet. On the other hand, when we spill the beans on the annual salary of the social media personality, it is somewhat between $50 to $80 million.

As per a report by the website Celebrity Net Worth, the Skims co-founder made a whopping $72 million between June 2018 and June 2019, from her various business endeavors. For a long time, a large portion of Kim’s annual earnings came from licensing and endorsement deals. Let’s take an example, she bagged a small fortune from royalties generated by the mobile game “Kim Kardashian: Hollywood”.

Back in the day, the mobile game was downloaded more than 60 million times and did $200 million in revenue. She gets to keep a total of 28% of the revenue generated by the mobile game up until this day. In addition to the mobile game, The Kardashians star’s annual earnings come from endorsements deals, appearance fees, reality TV salary, and paid Instagram sponsorships. Apart from this, she also has a clothing line at Sears and a line of tanning products.

All you need to know about Kim Kardashian’s business ventures

Keeping aside the endorsement deals, a big chunk of Kim Kardashian’s net worth is actually the outcome of her equity stakes in two companies and they are as follows:

  • KKW Beauty: For those of you who are unaware, let us tell you, KKK Beauty is a beauty brand launched by Kim Kardashian in the year 2017. It is a direct-to-consumer beauty product line. Kim’s beauty line KKW Beauty has generated more than $100 million in gross revenue today.

In June 2020, the social media queen sold a 20% stake in KKW Beauty Line for a whopping $200 million, taking the valuation of the                 company to $1 billion. According to CNW’s estimates, due to the fundraising round, Kim’s net worth increased to $900 million. In July             of last year, she announced that she is rebranding her beauty line and working on new formulas. At that time, she responded to a user           on Twitter by writing, “We’re working on it! You guys are going to love our new formulas.”

  • Skims: When it comes to Skims, it is a shapewear and clothing brand co-founded by Kim Kardashian, Emma Grede, and Jens Grede in 2019. In the same year, Kim raised somewhat around $5 million from Venture Capital firm Imaginary Ventures to launch her line of shapewear. In the year 2021, Skims was able to raise $154 million at a valuation of $1.6 billion. Even after the big financing round, Kardashian remained the majority stake owner. As per Parade, she owns about a 35% stake in Skims.

How many real estate properties does Kim Kardashian have?

Over the years, Kim Kardashian has bought many properties. As per a report by Love Property, the aspiring attorney moved into her first home in the year 2005. In March 2010, she bought a $4.8 million mansion in Beverly Hills. Her mansion situated in Beverly Hills is a Tuscan-style 5 bedroom that is spread across one of the most expensive properties in the real world.

In the year 2013, the PAW Patrol: The Movie voice actor shelled out a staggering $9 million for a mansion in LA’s Bel Air, neighborhood. At that time, Kim and her now ex-husband Kanye West spent millions on renovating the mansion and upgrading it. The former couple lived in this home while their Hidden Hills property was being developed. In 2017, Kim sold the Bel Air house for $18 million.

Since August 2014, the reality TV star’s primary residence has been a large mansion located within a gated community in Hidden Hills, California. According to various media reports, Kim and her former partner Kanye bought the house from a doctor for $20 million in 2014 soon after exchanging vows. The doctor purchased the house from the legendary musician Elvis Presley’s daughter Lisa Marie Presley in 2010 for $5 million.

The exes spent the next 2 years renovating the house. Then, unfortunately, Kanye popularly known as Ye wasn’t happy with the final result in 2016 so the pair decided to build the house right from the scratch. Then, the two of them even bought the neighboring properties to bring their footprint to 7.5 acres. The stunning mansion features two swimming pools, two spas, a private vineyard, a full-sized basketball court, and a custom-built mansion.

In September 2021, Kim gave Kanye $23 million to officially transfer the property into her name. In September of last year, the Kourtney And Kim Take New York star paid $70 million for a 3+ acre property in Malibu which once belonged to supermodel Cindy Crawford and her husband Rande Gerber:

Did you get surprised after learning the net worth of the reality TV star Kim Kardashian? Kindly let us know your thoughts in the comments section below. Don’t forget to stay tuned with us for the latest updates from the world.

Leave a Reply