Kim Kardashian's new enterprise enterprise: non-public fairness agency | World News

September 07, 2022 Muricas News 0 Comments

Kim Kardashian's new enterprise enterprise: non-public fairness agency | World News [ad_1]

Actuality tv star and entrepreneur Kim Kardashian and a former associate at Carlyle Group Inc Jay Sammons are launching a brand new non-public fairness agency centered on investing in client and media companies, in response to a joint assertion.

The brand new agency, named SKKY Companions, will make investments in sectors together with client merchandise, hospitality, luxurious, digital commerce and media, and plans to make each management and minority investments.

Kardashian and Sammons will function co-founders and co-managing companions, with Sammons main day-to-day operations of the agency.

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Kardashian has gained success in her current enterprise ventures resembling shapewear label Skims and make-up model KKW on account of their reputation with younger customers and the TV persona's enormous social media following. Skims was valued at $3.2 billion in January.

Kardashian's launch of a non-public fairness agency additionally underscores a broader shift amongst famend Hollywood celebrities together with Leonardo DiCaprio, Ashton Kutcher and Gwyneth Paltrow who're turning prolific buyers within the non-public fairness and enterprise capital house.

Tennis star Serena Williams raised $111 million for her new early-stage enterprise capital agency Serena Ventures in March. The agency has invested in additional than 50 firms with a complete market worth of $14 billion, together with on-line studying platform MasterClass and tech firm Propel.

Earlier on Wednesday, the Wall Road Journal reported the launch of the non-public fairness agency.

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