Kim Kardashian’s Skims Now Worth $4 Billion
Kim Kardashian’s clothing brand, Skims, founded alongside her business partners Jen and Emma Grede, has reached a valuation of $4 billion.
After the announcement has been made to the public, many speculated that her ex Ye (Kanye West), is the primary reason why Skims has reached insane heights. Ye owns five percent of the brand, according to The New York Post. The clothing brand has only been in the game for four years, leading fans to this speculation and taking their opinions to Twitter.
Give Kanye his credit!!
— Lara Gibson (@laraagibson) July 19, 2023
Many are confused as to how Skims reached its claimed valuation of four billion dollars. Those following this update have wondered who is buying the products.
ok seriously who’s buying all the skims?😩 pic.twitter.com/t9obZpmAM4
— Jada🪐111 (@Gxthb4by) July 16, 2023
Skims has raised $240 million primarily from hedge funds and investment firms that doubled the brand’s validation up to $3.2 billion, according to The New York Post.
In addition, the pre-IPO fundraising that Kim Kardashian set up for Skims, had added its value up to its now-known $4 billion valuation. The clothing brand has apparently been shown some love based on these numbers.
Skims is widely known for its nude color shapewear but has a wide variety that consumers can choose from. Among the items available on the website are undergarments, lounge clothes, and swimsuits.
Following the recent events of a woman who was shot four times and saved her life by wearing Kardashian’s Skims, people pondered buying the bodysuit.
The woman talked about her incident on TikTok and stated, “Call it fate or Jesus, but Imma call it Kim.”
Others, though, are skeptical about the incident, believing it to be a marketing ploy to get people to buy more from the brand, especially after comments of people stating the bodysuits are “bulletproof.”
SKIMS will be making stealth mode bullet proof clothing now lol https://t.co/p7l1k03ezH
— 🦄🔮 (@betterbelow95) July 18, 2023
There seems to be a lack of belief from the public that the reality television star’s bodysuit saved a life, though the bodysuit is skintight. Whatever the truth of this news may be, we wish the victim a speedy recovery.
Want a bodysuit that fits like a glove? Shop here to find the right size for you.
