Reality TV star, Kim Kardashian’s net worth has increased less than one year after joining the billionaire’s club.
According to Forbes, Kim owes the hike in her personal wealth to a fresh bout of funding that doubled the valuation of her shapewear and underwear label Skims.
Skims secured $240 million in a financing round led by hedge fund Lone Pine Capital, with participation from D1 Capital Partners as well as previous investors Imaginary Ventures, Alliance Consumer Growth and Thrive Capital, the company confirmed to Forbes. The capital injection, which was first reported by Bloomberg on Thursday, raised the value of the three-year-old company–known for its bodysuits, bras, loungewear and more–to $3.2 billion, up from $1.6 billion in April 2021.
Kim is currently worth $1.8 billion.