Kim Kardashian’s Skims Doubles Valuation to $3.2 Billion In 9 Months

Kim Kardashian

Kim Kardashian’s Skims Doubles Valuation to $3.2 Billion In 9 Months

If Kim Kardashian has 99 problems, money definitely isn’t one.

Recent reports claim that over the last 9 months, Kim Kardashian’s apparel line SKIMS doubled its valuation to $3.2 billion, after raising $240 million in fresh funds. In April 2021 SKIMS was reportedly valued at $1.6 billion

The funding was reportedly led by hedge fund Lone Pine Capital and D1 Capital Partners. In addition to those investors, existing investors such as Thrive Capital, Imaginary Ventures, and Alliance Consumer Growth, also had a had in SKIMS value increase. Kim Kardashian, 41, released a statement on her company’s latest round of fundraising and said,

“This latest round will allow us to focus on bringing more innovations and solutions to our customers and become even more of a trusted resource for them.”

As previously reported, last November Kim made headlines after her SKIMS and Fendi collaboration reportedly made $1 million in 60 seconds.

What are your those on this entire situation? Tell us below!

[VIA]