After Forbes updated its list of «America’s Richest Self-Made Women», kim kardashian now has a net worth of $1.8 billion while Kylie Jenner no longer holds the title of being the richest sister with a net worth of $600 million.
According to Forbes, most of Kardashian’s wealth comes from her shapewear brand, Skims, which grossed $240 million in January 2022 and also doubled its value to $3.2 billion in less than a yearas well as his holdings in KKW Beauty.
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In April 2021, Kardashian was officially declared a billionaire by Forbes, thanks to the two companies after they amassed a combined $780 million in October 2021.
Now, Kim Kardashian is the richest Kardashian among all her sisters, including Kylie Jenner.
In 2020, Kardashian sold 20% of her stake to beauty conglomerate Coty for $200 million, estimating the value of KKW Beauty at $1 billion.
However, fans were curious about the drastic change in Jenner’s net worth, with some commenting on a Reddit post about the Forbes list.
«Kylie’s net worth is interesting. How did she go from being a fake billionaire to being around 900 million and now 600 million?» one fan wrote.
In 2019, Forbes named Jenner the world’s «youngest self-made billionaire» before accusing the reality star of falsifying documents to exaggerate her wealth.
Jenner had become the richest sister of the Kardashian-Jenner clan thanks to Kylie Cosmetics, which was valued at 1.2 billion dollars.
In 2019, he ended up selling the 51% of his stake in the company to Coty for $600 million.
In 2020, Forbes reported that Jenner, along with her mother and her manager, Kris Jenner, had inflated their wealth in documents they had submitted, accusing «Kylie’s group» of «lying.»
The Jenners had invited the magazine’s reporters to their homes and their accountants’ offices, and had created tax returns «that were probably falsified.»
Reporters compared what Jenner did to former President Donald Trump’s efforts to appear richer than he really was.
The magazine estimated that Jenner’s actual net worth was likely «just under $900 million.»
Previously, Jenner’s net worth was estimated to be around $700 million, according to Parade.
«Kylie’s business is significantly smaller and less profitable than the family has spent years leading the cosmetics industry and the media, including Forbes, to believe,» the magazine said.
After Forbes published the article, Jenner tweeted that the story was based on «a series of inaccurate statements and unproven assumptions.»
«What am I waking up to? I thought this was a reputable site»he wrote, adding that he was «Blessed beyond my years, I have a beautiful daughter and a successful business and I’m doing just fine.»
“I can name a list of 100 things more important right now than looking at how much money I have”he concluded.
According to the updated Forbes 2022 list, Jenner «he pocketed about 540 million dollars, before taxes»after selling his stake in Kylie Cosmetics to Coty, but it is estimated that he still owns 41% of the makeup company.