27.8 C
Delhi
Sunday, August 24, 2025

Kim Kardashian launches private equity firm

Date:

Share post:

Donate-GC-Razorpay

Los Angeles: Newsmakers and reality TV star Kim Kardashian has launched her own private equity firm, co-founded with a former partner at investment firm the Carlyle Group.

SKYY Partners, will focus on investing in consumer and media businesses, they said in a tweet.

Kardashian will serve as a co-founder and co-managing partner, while Jay Sammons will handle the day-to-day operations of the firm, BBC reported.

Kim’s mother, Kris Jenner, will also be a partner at the firm.

“Together we hope to leverage our complementary expertise to build the next generation Consumer & Media private equity firm”, said the reality star-turned-entrepreneur in a tweet.

Sammons is the former global head of consumer, media and retail at the Carlyle Group, an American multi-national investment firm, the BBC said.

His clients included well-known brands Supreme, Beats by Dr. Dre, Vogue International, Moncler, and McDonald’s China, according to his LinkedIn page.

The reality star, who shot to fame after appearing on her family’s show “Keeping Up With the Kardashians”, has in recent years seen entrepreneurial success and is said to have a net worth of $1.8 billion, as per Forbes.

She launched a shapewear label Skims in 2019 which was estimated to be worth $3.2 billion in January, according to The Wall Street Journal. The entrepreneur also launched a skin-care brand SKKN BY KIM earlier this year.

The 41-year-old is the latest celebrity to launch their own private equity and venture capital investment firms, following in the like of Gwyneth Paltrow, Leonardo DiCaprio and Ashton Kutcher, the BBC added

Related articles

Stories Written in India Could Spark Global Interest: ‘The Witch, The Princess and The Tower of Doom’ Author Rajesh Talwar

Princess Pihu is a strong and helpful female protagonist, in this unique tale that defies fairy tale clichés....

Minister says MSMEs are on way to digital transformation

New Delhi: Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje today told the Lok Sabha...

Parliamentary panel flags US climate fund withdrawal, urges India to lead by example

New Delhi: A parliamentary panel has voiced concern over the United States’ withdrawal from its $100 billion commitment...

Opposition Vice President pick B Sudershan Reddy files nomination

Opposition Vice-Presidential candidate Justice (Retd) B Sudershan Reddy today filed his nomination papers.He filed the nomination in presence...