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KimKardashian, a billionaire from her beauty and shapewear brands, is teaming up with a former Carlyle Group partner on a new private equity firm
A new business has been started by KimKardashian.
Jay Sammons, the former head of consumer, media and retail at Carlyle, told the Wall Street Journal about the launch of SKKY Partners, which is a play on the initials of reality TV star Kim.
According to the Journal, Sammons said that Kris Jenner will be a partner at the firm.
The firm plans to invest in a number of companies.
According to the Journal, Sammons left Carlyle, one of the largest private equity companies in the world.
Forbes did not get a response from SKKY.
Thanks to her stake in her companies KKW Beauty and Skims, we think she is worth over $1 billion. The first person to be named a billionaire by Forbes was the reality TV star. Kim's husband is worth $2 billion, while her half- sisters are worth $600 million and $230 million, respectively.
Kim Kardashian is the latest celebrity to launch her own venture capital or private equity firm. A long-time reality television star and one of the most-followed figures on social media launched her beauty company KKW Beauty and clothing brand Skims in the last two years of her life. According to the January funding round, Skims was valued at over $1 billion. The closing of KKW Beauty was announced by the reality TV star. In June, he launched a high-end skincare line, SKKN By Kim, in collaboration with Coty, which bought a 20% stake in KKW Beauty.
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