(ORDO NEWS) — Reality TV star Kim Kardashian and former Carlyle Group fund partner Jay Sammons, SKKY Partners, plans to invest in projects related to consumer goods, e-commerce, media, hospitality and luxury goods. Mother Kim Kardashian – producer and entrepreneur Kris Jenner – will become one of the company’s investors.
American reality TV star and entrepreneur Kim Kardashian launched SKKY Partners, a private equity firm, by teaming up with former Carlyle Group investment fund partner Jay Sammons, reported by Forbes.
The Kardashian and Sammons company plans to invest in projects related to consumer goods, e-commerce, media, hospitality and luxury goods, according to SKKY Partners representatives on the official Instagram page.
In a commentary to The Wall Street Journal, Jay Sammons also said that Kim Kardashian’s mother, producer and entrepreneur Kris Jenner, will become one of the company’s investors. At the same time, none of the co-founders of SKKY Partners, the newspaper notes, does not disclose data on the expected size of the investment fund or the names of other investors in the company.
Forbes USA estimates Kim Kardashian’s net worth at $1.8 billion, most of which comes from lingerie and shapewear brand Skims and cosmetics company KKW Beauty, which she launched in 2017 following the success of Kylie Cosmetics, founded by her half-sister Kylie Jenner. The publication named the reality TV star a billionaire for the first time in April 2021.
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