Kim Kardashian is officially a billionaire

Forbes announced Kim Kardashian's involvement in the World Billards list for the first time Tuesday, citing her two lucrative businesses, KKKW Beauty and Skims, as well as cash ready from “keeping Up With the Kardashians” and other agreements, writes Page Six, broadcasts news.net.

Kardashian's value rose from $780m in October to $1 billion.

Reality-shut star launched business with KKKW Beauty in 2017 after seeing the success of Sister Kyle Jenner's cosmetics company, Kyle Cosmetics.

And it's the first time I've left my license agreement and passed on to being an owner,” told Kardashian Forbes in 2017, when she announced her cosmetic line.

Kardashian, 40, continued to sell 20 per cent of KKW Beauty shares to Coty for $200m, which praised her company at $1 billion.

She started the Skims dress company in 2019 and continued with the new lines even during the pandemic. Kim holds a majority stake in the company, which has not revealed its revenues, Forbes reported.

When she first appeared on Forbes' cover, she replied: "Not bad for a girl without talent”.

Forbes' list of billionaires faced drama when she called Jenner, now 23, as the youngest billionaire, with wealth achieved.

After he included her on her list, Forbes issued another statement claiming she had forged tax statements on the road to billionaire status.

Forbes estimated that Jenner actually had assets worth a little over $900 million in May 2020, a year after giving her the billionaire title at age 21.