danger Blackstone Inc BX, Kim Kardashian is making its way into private equity.
The 41-year-old reality TV personality works with Jay Sammonsa former executive Carlyle group cgto found SKKY partnera PE group that will make investments in rapidly expanding companies across a variety of industries including hospitality, media and consumer products.
Forbes estimates that Kardashian, who is best known for his role on reality show Keeping Up With the Kardashians, has a net worth of $1.8 billion.
I am pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner, along with @KrisJenner who will be a partner in our law firm. pic.twitter.com/KExQTsVGbf
— Kim Kardashian (@KimKardashian) September 7, 2022
Kardashian introduced the shapewear line skims in 2019, which was worth $3.2 billion in 2021. Earlier this year, the entrepreneur also introduced the skincare line SKKN BY KIM.
Around the same time, in May, Kardashian was named “Chief Taste Consultant” after signing an endorsement deal with him Beyond Meat Inc BYND to promote the company’s plant-based protein products.
While he was married to rapper KanyeWestin 2017, he gifted her a number of shares in blue-chip companies, including: Walt Disney Co DIS — which is the majority owner of Hulu, which currently airs “Keeping Up With the Kardashians” — Amazon.com, Inc AMZNand Netflix Inc NFLX.
The day-to-day operations of Kardashian’s newly formed PE group will be run by Sammons, a 16-year Carlyle veteran who has successfully invested in well-known companies like Beats by Dre, a line of headphones founded by the rapper dr dr and later acquired by for $3 billion apple inc AAPL.
The 41-year-old likes to socialize with celebrities Gwyneth Paltrow, Leonardo DiCaprioand Ashton Kutcher when setting up your own PE and VC funds.
Photo: Courtesy of Eva Rinaldi on flickr
