According to CelebrityNetWorth.com and Forbes.com, Kimberly Noel Kardashian, mother of North West and partner of Kanye West, is worth $40 million and earned an estimated $10 million in one year as of June 2013. (Source and Source)
There are several reasons why people cannot stop talking about Kim and they don’t all have to do with her scandalous claim to fame. Besides having her life catalogued daily by reality TV and media outlets, Kim boasts an impressive collection of businesses and joint ventures.
Love her or hate her, there are several reasons why Kim Kardashian has more assets than you.
Kim herself is a talented business woman and has several businesses and joint ventures. No man is an island and working along with smart people can help propel you further than if you were to try to do it all your own. Leverage is the word. Using your own strength and talents you can only do so much, but when you enlist the help of a strong support system, you can do that much more.
Her business team takes care of the small stuff, strategy, planning and execution. But Kim is always a part of the process, putting her personal touch on it all.
When Kim first sat down with her mother to talk business in 2007, they agreed there was no business model they could follow. Hilton’s was a good start, but it didn’t go far enough.
“My mom and I talk about it all the time. We have just done what works for us and stuck by that…. We make our own model,” Kardashian told me. (Source)
Kim is too smart to put all of her eggs in one basket. Her business ventures are diversified across industries as well as enlisting family and experienced business people.
In 2009, Kim Kardashian co-founded Shoe Dazzle with UCLA grad and Deloitte & Touche, LLp alum Brain Lee. Mr Lee also co-founded Legal Zoom and regularly invests in startups according to CrunchBase. This partnership allowed Kim to be the face of the company, while imparting her fashion smarts and business talents.
Ms. Kardashian also has other business ventures with her sisters Khloe Kardashian and Kourtney Kardashian including clothing. The three sisters design a clothing range for Sears called Kardashian Kollection. The girls also own D-A-S-H, an upscale fashion store with branches in New York, LA and Florida as well as a lifestyle boutique called Kardashian Khaos, which is based in the Mirage Hotel in Las Vegas.
To add to the list, Kim is also the face of several brands with endorsement deals for Midori, Sketchers, Bebe and OPI Nail Lacquer, to name a few.
After the Kardashian Kard was announced in 2010, there was an instant backlash against the exorbitant fees. Which obviously weren’t as well disguised as typical prepaid card fees. Kim and her sisters quickly stepped back from releasing the ‘Kard’ proving that mistakes are ok as long as you admit to them and head back in the right direction.
And of course the infamous sex tape for which we will always remember Miss Kim K. Kim turned this harmless tape that she created privately into a million dollar deal when the rights were sold to Vivid Entertainment in 2007. If that were not enough, in the same year, she sued for ownership and walked away with $5 million. This could have been a scandal set to ruin the life of someone more publicly embarrassed by the tape. Instead, Kim uses this tape as a platform to later launch businesses and notoriety for her largely public life.
What do you think about Kim Kardashian’s business talents? Do you admire her for her ability to generate income with a business?
If you need deeper work around healing your relationship with money or overcoming your blocks and fears, maybe it’s time for some money therapy.