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Kim Kardashian is in hot water with the SEC after she illegally promoted EMAX tokens, the cryptocurrency of EthereumMax, on her Instagram account.
The reality celebrity broke the law by accepting $250,000 to hawk the coins and by posting a link to the EthereumMax website with buying instructions. Gary Giesler, chairman of the Securities and Exchange Commission, has stated that famous people who get payment to promote financial assets must be transparent about this arrangement.
According to an SEC press statement, she has consented to pay $1.26 million in fines and interest and to cooperate with ongoing investigations.
Kim Kardashian Net Worth
Kim Kardashian’s shapewear line Skims is reportedly worth $4 billion.
New York’s most prestigious newspaper, of course. According to “Kim Kardashian’s Skims Is Now Worth $4 Billion.”
With the help of asset management firm Wellington Management, Skims raised $270 million. That’s a significant increase from 2022, when investors put the worth of Skims at $3.2 billion.
Kardashian’s net worth increased by around $500 million after the most recent investment round for Skims. Thanks to her 35% ownership in Skims, Kardashian’s net worth has increased to $1.7 billion from $1.2 billion. Forbes magazine recently released its annual list of the wealthiest celebrities in the United States, and this TV actress and business entrepreneur came in at number three, just behind Oprah Winfrey and Rihanna.
Kim Kardashian’s Business Empire
Kim’s wealth was initially monitored in October of 2009. We estimated her net worth to be $10 million back then. She was valued $20 million by 2011 after years of steady growth. She was valued $40 million as of January 2013. Kim’s wealth skyrocketed during the ensuing five years. Her net worth had increased to $85 million by 2015. By 2017, her fortune had increased to an estimated $150 million. Kim Kardashian is worth $350 million as of April 2020.
On June 29, 2020, we learned that Coty Inc. had purchased a 20% share in KKW Beauty for $200 million, which increased Kim’s net worth to $900 million. The total brand value was increased by the transaction to $1 billion. After the purchase, Kim’s stock was still worth $720 million, or 72%.
On April 9, 2020, it was reported that Skims had received $154 million at a valuation of $1.6 billion, which prompted us to increase Kim’s net worth to $1.4 billion. She is rumored to possess between 50% and 60% of the business.
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How Kim and Kanye Made Millions Flipping Houses?
Even though it’s not their main source of income, Kim and Kanye West have made a fortune in the real estate flipping business. After purchasing their Bel-Air property for $9 million in 2017, the couple sold it for $17.8 million in 2017 and made a profit of $8.8 million. As TMZ puts it, “the sale stands as the most expensive sale ever in the exclusive Bel-Air Crest community.”
The insider informed Page Six that the difficulty in the divorce settlement talks was the $40 million price tag for Kim and Kanye’s present home and the $20 million they spent on renovations. The Page Six insider explained it like this:
βKim is trying to get Kanye to turn over the Calabasas house to her, because thatβs where the kids are based and growing up. That is their home. She owns all the land and adjoining lots around the house but Kanye owns the actual house. Theyβve both put a lot of money into renovating it.β
Where Does Kim K. Put Her Cash?
Kim Kardashian has spent lavishly on luxuries while making astute real estate investments over the past two decades. The former couple stayed at the $7,000-per-night Presidential Suite at New York’s Gansevoort Hotel, according to Celebrity Net Worth.
For her wedding to Humphries, Kardashian also purchased a $2.5 million, 65-carat diamond tiara. She also wore $5 million diamond earrings and a $2 million diamond engagement ring weighing 20.5 carats.
She prefers practical automobiles over flashy ones. The Rolls-Royce, Bentley, and Ferrari models she reportedly drove had minimal customizations for the magazine MotorTrend. According to MotorTrend, her newest vehicle for 2021 is a silver Cadillac Escalade painted in a special KK Silver and riding low on bespoke 26-inch monoblock-style wheels.
MotorTrend didn’t report how much Kardashian’s modified Caddy cost, but the base price of the Premium Luxury Platinum model on the Cadillac website is over $105,000.
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