Will Kim Kardashian's net worth surpass Kylie Jenner's? Seems likely as SKIMS products fly off the shelves as Kylie Cosmetics' stock plummets
Back in 2015, Kim Kardashian anointed step-sister Kylie Jenner as the rightful candidate to replace her as the queen of reality TV. Kylie proved her right and in the next four years did one better to became the youngest self-made billionaire in the world. But as any 'KUWTK' fan will attest, it's not easy to keep Kim down.
Four years later, the mother-of-four is back competing with her billionaire sister and is all set to upstage her makeup business with a shapewear line of her own. Just months after 22-year-old Kylie was named by Forbes as the world's youngest self-made billionaire, as her Kylie Cosmetics brand skyrocketed in popularity from its very conception, Kim, 39, is all set to follow in her sister's footsteps, as she is predicted to become the second member of the Kardashian-Jenner clan to have an estimated net worth of a billion dollars - all thanks to the success of her SKIMS Solutionwear brand.
"Kim's massive restock release on Wednesday was actually more successful than the initial launch... netting millions in just minutes," a source with direct knowledge of Kim's business told TMZ. "We're told that over a million people were on the waitlist for the restock, and that almost instantly... the most popular sizes and styles sold out."
The line of shapewear was so popular in fact, that the 'Keeping Up With The Kardashians' star had to issue an apology to her fans who were forced to return empty-handed as her products sold out like hotcakes. Recently, SKIMS also introduced exclusively designed body tape and is rumored to be venturing into designing menswear in the near future.
With her cosmetic and perfume collections having generated a massive response this year and her SKIMS line flying off the shelf and lightning speed, Kim's business portfolio could soon mimic her sister's... or maybe even surpass her's?
Kylie recently made headlines after she sold 51 percent stake of her company, Kylie Cosmetics, to beauty giant, Coty - a company that also owns brands like Rimmel, OPI and CoverGirl - last week for $600 million. Soon after the deal was announced, it was reported that sales for Coty stocks hit the lowest they've been all month, dropping from $12.22 to $11.53, TMZ reported.
"I'm excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world," Kylie tweeted after the deal was reported.
Two days later, Kim congratulated her step-sister on her business deal in an interview with Entertainment Tonight.
"I'm so proud of her. A lot of companies were bidding and really wanted to buy her brand and so selling just about half of it was a decision that she made about a year ago and, you know, that she wanted to," she said.
She further added: "To think in her early 20s, she built a business off of something that she first was insecure about and finding confidence and, you know, just tapping into that and figuring out how to make an amazing product and just being true to herself and doing what she loves to do, that's so inspiring and so amazing and I'm so proud of her."
Kim's current net worth is estimated to be $350 million. It remains to be seen if her line of shapewear manages to become more successful than Kylie's line of lip kits.