$1.8B Rich Kim Kardashian Reportedly Paid $1M For ‘High End Event’ With Multiple Hedge Fund Managers

Kim Kardashian has amassed a ten-figure fortune by leveraging her success on reality television. Along with selling her well-known cosmetic line, shapewear, and other products, Kim Kardashian also sold the mobile game Kim Kardashian: Hollywood. However, the accomplished superstar shows no signs of slowing down. She is a well-known business entrepreneur and the mother of four children. A sizeable portion of her wealth comes from her investments in the shapewear brand Skims and the cosmetics and fragrance company KKW Beauty. According to sources, her brand Skims raised $240 million in January 2022 from companies owned by billionaires Stephen Mandel and Josh Kushner, increasing its valuation to $3.2 billion in less than a year.

Kim Kardashian and her billionaire club

Her net worth climbed from $780 million in October 2020 to $1 billion in 2021, according to Forbes. Her net worth has greatly expanded thanks to her two major businesses, which likely made a huge contribution to her billionaire status. These include KKW Beauty, Skims, sponsorship deals, and reality television income.

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With that fame also comes a variety of lows and highs, whether they are related to the professional or personal spheres. It has just been reported that Kimberly Kardashian paid $1 million to speak at a Miami hedge fund event. She never fails to be in the spotlight. Page Six was informed by a source that the creator of SKIMS received compensation of about $1 million for her appearance at a conference during Miami’s Hedge Fund Week.

The reality TV star discussed her recently established private equity firm, SKKY Partners, at the iConnections Global Alts conference on Tuesday at the Fountainbleu hotel alongside her co-founder, veteran businessman Jay Sammons. Addressing her appearance at the event, iConnections CEO Ron Biscardi stated to the same news source, “We don’t talk publicly about monetary arrangements with speakers.” According to another source, Kardashian’s price was less than $500,000.

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Kim Kardashian was reportedly paid $1 million to speak at a hedge fund event in Miami

At a Revolve event in the Hamptons in 2016, Page Six exclusively disclosed that Kardashian made $700,000 for taking photographs with Instagram stars, for which many of her fans teased her. One attendee allegedly said, “Yeah, she’s attractive, but I came here from London to do business.” Despite some detractors, it was said that two overflow rooms were required because of how popular Kardashian’s speech was. Ron Biscardi continued,

“She received huge applause when she walked out onto the stage. It was standing room only in the room where she spoke, with people spilling into the hallway. We had even more people in overflow rooms where the video was streamed to accommodate the sold-out crowd.”

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In September 2022, Kim Kardashian announced the opening of her private equity firm. Investing in consumer goods, hotels, luxury, digital commerce, media, and consumer-media and entertainment enterprises will be its main focus, according to reports.

Source: Page Six