Kim Kardashian Launches Private Equity Firm

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Kim Kardashian, Private Equity

Kim Kardashian is getting involved in the world of private equity.

Kim Kardashian has announced that she is partnering with Jay Sammons, a former executive with Carlyle Group, to launch her own private equity firm, SKKY Partners. The group will be focused on investing in hospitality, media, and consumer products.

Kardashian made the announcement in a post on Instagram, Wednesday, revealing that Kris Jenner would also be signing on as a partner.

"I’m pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner, along with @krisjenner who will serve as partner at our firm," Kardashian captioned a photo of herself with Sammons.

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She continued: "Together we hope to leverage our complementary expertise to build the next generation Consumer & Media private equity firm. For more information, visit and follow us at @skkypartners on social media."

Sammons spent 16 years with the Carlyle Group, where he made several key investments in popular brands such as Supreme and Beats by Dre. He's been an associate of the Kardashian family as a whole for years and approached Kim with the idea for SKKY.

As for other business ventures, Kardashian has experience of her own. She founded the shapewear and clothing brand, Skims, which is valued at roughly $3 billion, as well as launched her own beauty line, KKW Beauty.

Check out Kardashian's announcement below.


About The Author
Cole Blake is currently an Editor at HotNewHipHop based out of Brooklyn, New York. He began working at the site as an intern back in 2018 while studying journalism at St. John’s University. In the time since, he’s graduated with a bachelor's degree and written extensively about a wide range of topics including pop culture, film & television, politics, video games, sports, and much more. He’s also covered music festivals such as Gov. Ball and Rolling Loud. You can find him publishing work for HNHH from Monday to Wednesday or on weekends. On the sports front, Cole’s a passionate NBA and NFL fan with his favorite teams being the Indianapolis Colts and Los Angeles Lakers. He also roots for the Yankees whenever he finds himself at Yankee Stadium or the Red Storm when in the company of other SJU alumni. His favorite hip-hop artists are billy woods, Earl Sweatshirt, Cam’ron, MIKE, and Mach-Hommy.