Kim Kardashian‘s popular clothing line, Skims, has officially hit the $4 billion mark … growing at a staggering rate — at nearly $1B higher than last year’s evaluation.
KK’s brand recently grabbed another $270 mil in funding for the company — according to The New York Times, which says helps catapult her into the new financial circle.
FYI, Skims was marked as a $3.2B company at the beginning of 2022 … after another round of financing which brought in $240M. Kim’s brand had a $1.6B evaluation just a year before that … so clearly, things are moving up, and FAST.
What’s more — we’re told the company is set to achieve net sales of $750M in 2023 — up from the nearly $500 it hit in 2022.
In case ya forgot, Skims has only been in the game for 4 years, founded in 2019 by Kim, Emma Grede, and Jens Grede … there were also rumors Kim’s ex-husband, Kanye West, worked as a “Ghost Creative Director” for the brand.
The shapewear line has been a staple of the apparel industry practically since it launched … and the company even made it on TIME’s List of 100 Most Influential Companies last year.
Despite the $4B evaluation, Kim’s brand is still private … but clearly, there’s still plenty of money to go around!!!