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flag Skims hit a $5 billion valuation, boosting Kim Kardashian’s net worth to $1.9 billion.

flag Kim Kardashian’s shapewear and apparel brand Skims has reached a $5 billion valuation after securing $225 million in funding led by Goldman Sachs Alternatives, marking a $1 billion increase in two years. flag The boost has raised Kardashian’s net worth to $1.9 billion, making Skims her primary wealth source. flag The brand, launched in 2019 with cofounders Jens and Emma Grede, now operates 18 U.S. stores and two in Mexico, with plans to expand its physical footprint. flag Skims is on track to hit $1 billion in annual sales, has partnered with Nike for a new activewear line, and is launching a beauty division led by Diarrha N’Diaye. flag The company’s growth reflects strong investor confidence, surpassing the combined market value of Victoria’s Secret and Under Armour.

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