At the beginning of the month, it was reported that Kim Kardashian’s net worth had grown to over $1 billion USD which was mostly due in large part to the value of her KKW Beauty and SKIMS brands. Courtesy of a new round of Series A funding for SKIMS, the shapewear and loungewear brand is now valued at $1.6 billion YSD. The $154 million USD funding round was led by Thrive Capital, a venture capital firm ran by Joshua Kushner (Jared’s brother and Karlie Kloss’ husband), with extra funding coming from Imaginary Ventures and Alliance Consumer Growth. The additional funding will be used for expansion into new categories, global growth and possibly a brick-and-mortar shops.
APPARATUS 