Kim Kardashian, a billionaire from her beauty and shapewear brands, is expanding her business empire, teaming up with a former Carlyle Group partner on a new private equity firm.
Kardashian and Jay Sammons, the former head of consumer, media and retail at Carlyle, first told the Wall Street Journal about the launch of SKKY Partners, a play on Kardashian’s
Sammons told the Journal that Kardashian’s mother Kris Jenner will be a partner at the firm, though Sammons and Kardashian did not comment on the fund’s expected size or other
SKKY plans to invest in consumer, digital, media, hospitality and luxury companies, the firm said in an Instagram post Wednesday.
Sammons, who this summer left Carlyle, one of the largest private equity companies in the world, will oversee SKKY’s operations, according to the Journal.Sammons, who this summer
SKKY did not immediately respond to Forbes’ request for comment.
We estimate Kardashian is worth $1.8 billion thanks largely to her stakes in her companies KKW Beauty and Skims. Forbes first named Kardashian a billionaire in April 2021.
Kardashian is one of several wealthy entrepreneurs in her family: Her estranged husband Kanye West is worth $2 billion,
while her half-sister Kylie Jenner and Kris Jenner are worth $600 million and $230 million, respectively.