Kim Kardashians Net Worth Surges on New Skims Valuation

Skims, the shapewear company co-founded by Kim Kardashian, has achieved a monumental new valuation. The brand just closed a $225 million funding round. This investment values the company at a massive $5 billion. The funding was led by Goldman Sachs Alternatives and BDT & MSD Partners.

This new valuation marks a significant jump from its previous $4 billion price tag. It solidifies Skims as a dominant force in the apparel industry. The company’s explosive growth continues to reshape the market.

From Startup to Powerhouse

Skims launched in 2019 with a mission to reinvent shapewear. It quickly became a consumer favorite. The brand’s focus on inclusive sizing and modern fabrics set it apart.

Initial product drops sold out in minutes. This demonstrated immense consumer demand. According to Reuters, the company has now surpassed $1 billion in annual net sales.

The brand has expanded far beyond its initial product line. It now offers loungewear, swimwear, and menswear. Physical retail stores have also opened in major cities across the United States.

Reshaping a Billionaire’s Fortune

This new valuation has a direct impact on Kim Kardashian’s wealth. She is believed to own a significant stake in the company. Her share is now valued at approximately $1.67 billion.

This paper wealth increase boosts her total net worth substantially. It pushes her firmly into the $2 billion club. Her financial success now far outpaces her famous family members.

Kardashian’s business acumen is on full display. Skims represents a highly successful pivot from reality television to building a legitimate business empire. The brand’s trajectory shows no signs of slowing down.

Skims’ journey to a $5 billion valuation proves the power of brand innovation. Kim Kardashian’s shapewear empire continues to expand its global reach and market dominance.

Dropping this nugget your way

What is Skims’ new valuation?

Skims is now valued at $5 billion. This follows a recent $225 million investment round. The round was led by Goldman Sachs Alternatives.

How much of Skims does Kim Kardashian own?

Kim Kardashian is widely reported to own about one-third of the company. This stake is now worth roughly $1.67 billion. It forms the core of her estimated $2 billion net worth.

How does Skims compare to Spanx?

Skims has surpassed Spanx in both cultural relevance and valuation. Spanx was valued at $1.2 billion when it sold a majority stake. Skims is now valued more than four times higher.

What does Skims sell beyond shapewear?

The brand has expanded into several new categories. It now offers loungewear, swimwear, and menswear. The company also operates several brick-and-mortar retail stores.

Who led the latest investment in Skims?

The $225 million funding round was led by Goldman Sachs Alternatives. BDT & MSD Partners also participated as a major investor. This investment will fuel further international expansion.