Kim Kardashian's Skims raises new funding, reaches $5-bn valuation
Skims, founded by reality TV and social media star Kim Kardashian and Jens Grede, announced it had raised $225 million in new capital, valuing the company at $5 billion, adding $200 million to Kardashian's fortune. Skims expects to surpass $1 billion in net sales in 2025, stated Bloomberg. A 2023 funding round valued the company at $4 billion.