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.
CEO: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 ForbesThe 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.
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