Kim Kardashian Opens SKKY, a Private Equity Firm
Kim Kardashian, who has made a billion dollars from her beauty and shapewear companies, is growing her economic empire by forming a new partnership with a former Carlyle Group colleague.
The establishment of SKKY Partners, a play on Kardashian's initials, was initially revealed to the Wall Street Journal by Kardashian and Jay Sammons, the former head of consumer, media, and retail at Carlyle.
Although Sammons and Kardashian declined to comment on the fund's anticipated size or other investors, Sammons informed the Journal that Kris Jenner, Kim Kardashian's mother, will be a partner at the company.
SKKY stated in an Instagram post on Wednesday that it intends to invest in consumer, digital, media, hospitality, and luxury businesses.
According to the Journal, Sammons, who last summer left Carlyle, one of the biggest private equity firms in the world, will be in charge of running SKKY.
Kardashian's investments in her businesses, KKW Beauty and Skims, account for a substantial portion of her $1.8 billion net worth.
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