Kim Kardashian’s Net Worth Soars As Skims Valuation Doubles

etcanada.com:

Kim Kardashian is already rich, but the past week has made her a whole lot wealthier. Thanks to an investment influx of $240 million, reported Bloomberg, Kardashian’s Skims underwear label is now valued at a whopping $3.2 billion, double its valuation nine months ago. READ MORE: Kim Kardashian Sizzles In New Beachside Vacation Photos According to Forbes, this means that Kardashian’s stake in the company is now worth $600 million more than it was before, increasing her net worth substantially.

Earlier in the week, Kardashian explained the purpose behind the investment. READ MORE: Kim Kardashian Shoots Down Existence Of Second Sex Tape With Ray J “This latest round will allow us to focus on bringing more innovations and solutions to our customers and become even more of a trusted resource for them,” Kardashian told Bloomberg via email.