A surprise guest enters the ruthless world of private equity.
American reality TV star and businesswoman Kim Kardashian is joining forces with former Carlyle Group associate and longtime Kardashian family friend Jay Simmons to found a new private equity firm.
SKKY Partners, which will have offices in Boston and Los Angeles, will focus its investments in media and entertainment, as well as e-commerce, luxury and hospitality.
Kris Jenner, mother of Kim Kardashian, will be one of the main associates.
“Together, we hope to leverage our complementary expertise to build the next generation of private equity firm, dedicated to consumers and media,”
Kim Kardashian said Wednesday, September 7 on Instagram, who intends to capitalize on its 329 million dollars. subscribers.
SKKY, which has not yet raised funds, plans to make its first investments (both minority and control) by the end of 2022.
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The companies founded in recent years by the most famous influencer in the world have met with great commercial and financial success.
The valuation of Skims, its shapewear brand launched three years ago, now exceeds $3.2 billion.
According to Forbes
magazine
, Kim Kardashian is at the head of a personal fortune estimated at 1 billion dollars.
For his part, Jay Simmons, who left Carlyle only a few days ago, is renowned in financial circles for having bet before anyone else on the success of the clothing brand Supreme and that of high-end headphones Beats by Dre. .
