Kim Kardashian’s net worth increases by $600 million to $1.8 billion… after her SKIMS brand value hits $3.2 billion

Kim Kardashian’s shapewear brand SKIMS has doubled in value to a whopping $3.2billion after a new round of fundraising, increasing her net worth by $600 million.

And the 41-year-old businesswoman’s net worth has jumped to an estimated $1.8 billion, according to Forbes.

On Wednesday it emerged another $240 million had been poured into the company after Kim, 41, and her business managers sourced new investors, taking the value of the company to $3.2 billion – up from last April’s $1.6 billion estimate.

The outlet reported in April 2021 that the reality star was estimated to be worth $1 billion, up from $780 million in October 2020.

On Friday, Forbes revealed that Kim’s net worth has jumped $600 million to an estimated $1.8 billion after the funding for SKIMs doubled its value to $3.2 billion.

The brand secured $240 million in financing due to hedge fund Lone Pine Capital’s financing round, including participation from investors Alliance Consumer Grown, Thrive Capital Imaginary Ventures and D1 Capital Partners, according to Bloomberg via Forbes.

Kim owns approximately 35% stake, which is worth $900 million, per Forbes.

This is due to her multiple brands – KKW Beauty, KKW Fragrance and the lucrative SKIMS label – as well as her reality TV, endorsement deals and other investments.

Kim’s worth increased from $780 million October 2020 to $1 billion after she cashed in on KKW Beauty by selling 20 percent of the business to Coty for $200 million; the deal was finalized January 2021.

Kim has also filed a trademark for a skincare line SKKN in March 2021.

In August, Kim seemingly confirmed she is expanding her hugely successful Skims loungewear and intimates label into swimwear.

That same month, Kim also temporarily shut done her KKW Beauty brand for a complete re-haul, with no return date as of yet.

The underwear label, which was launched in 2019 and has been modeled by the likes of Kate Moss and Megan Fox, powered through the pandemic, with the business being worth twice as much today than it was last April.

SKIMS brings in annual sales of $274 million and is the latest venture to be launched by the star, who also started cosmetics company KKW Beauty in 2017.

Items from the SKIMS range even featured at the Tokyo 2020 Summer Olympics last year as they were worn by Team USA athletes, with the clothing also being donned at the 2022 Winter Olympics in Beijing.

MailOnline has contacted a representative for Kim for comment.

Kim rose to fame on television show Keeping Up With the Kardashians alongside her family and she is now said to be worth $1 billion.

The TV juggernaut recently left its home on channel E! to move to streaming service Hulu as The Kardashians.

Chief executive Jens Grede said: ‘We see an opportunity with SKIMS to create our own category in retail, just like how we believe Lululemon and Starbucks created their own categories in their respective areas.

‘That’s really why we’re doing this — to make sure we’re best prepared for the future.’

The news comes after Kim flaunted her hourglᴀss curves in a pair of skimpy black ʙικιɴι bottoms from her SKIMS range as she reminisced on a tropical vacation in sH๏τs shared with her 282million followers on Tuesday evening.

She kept somewhat protected from the harsh sunrays with a black, long-sleeved rash guard as she splashed around in the water.

The star topped up her tan wearing a pair of cheeky bottoms while wading in the ocean and let her long, dark brown hair cascade down her back in natural curls.

Kim rocked a pair of rectangular sunglᴀsses and wore a pale pink shade of lipstick to complement her already flawless complexion.