Kim Kardashian Launches Her Equity Firm named Skky Partners
Kim Kardashian, a well-known television celebrity, has chosen to venture into investing, according to news reports. She established Skky Partners, her own private equity fund. Jay Sammons and I co-founded the equity firm. Kim Kardashian stated on Twitter that they intend to combine their skills to create a long-term equity firm. Investments into businesses that are not publicly traded are referred to as private equity. Investors in private equity are seen as having done financial banking. According to reports, private equity firms make a lot of money, and good PE managers can make millions.
Sammons and Kardashian formerly worked for the Carlyle Group’s worldwide consumer, media, and retail division. Together, the two are now managing partners and co-founders of the business. Skky Partners’ day-to-day operations are anticipated to be in charge of. Reports say that Sammons has enough management experience because he has worked for well-known companies like Supreme, Vogue, McDonald’s China, and Manicer.
According to rumors, the mother of Kim Kardashian is a partner of Skyy Partner. She expressed her excitement about joining while also feeling happy, honored, and proud on the microblogging website Twitter. Kim Kardashian also runs other businesses. These companies operate Skims and a cosmetics line. Her prominence on multiple social media platforms is just one factor contributing to the success of her businesses. According to a January 2018 study, Kardashian has property worth $3.2 billion.
A few other celebrities founded their private equity firms before the Kardashians. Serena Williams, Gwyneth Paltrow, and Leonardo DiCaprio are a few of the well-known people on the list. Reports state that Serena Ventures raised $111 million in March of this year. The company, which was founded in 2014, has stakes in more than fifty businesses. On Instagram, the Kardashians currently have 329 million followers. She rose to fame on television because of the program “Keeping Up With the Kardashians.” The program supposedly aired for 15 years. According to sources, Kardashian has previously discussed money and investments.