Kim Kardashian's SKIMS Brand Hits Astronomical $5 Billion Valuation

BY Ben Atkinson
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Jul 21, 2023; Fort Lauderdale, FL, USA; Kim Kardashian poses for a selfie before the match between Inter Miami CF and Cruz Azul at DRV PNK Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports
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Skims reaches a five billion dollar valuation after a major funding round, marking a new milestone for the fast growing brand.

Kim Kardashian's Skims continues its rise as one of the strongest names in modern fashion. Now it has a $5 billion dollar valuation after closing a new $225 million funding round. The company launched in 2019 under Kim Kardashian and Jens Grede, and it quickly built a massive following.

Skims uses Kardashian’s absolutely massive online reach to connect with its customers, and that strategy helped turn Skims into a global force. The new investment comes from Goldman Sachs Alternatives, with support from BDT and MSD Partners. The funding will help Skims chase its goal of passing one billion dollars in net sales next year.

The company also plans to open physical stores in the major cities, expand its international reach, and grow beyond shapewear. Skims has already moved into apparel, swim, and activewear, and the new capital will push those categories even further.

Consumers want comfort, simple design, and pieces they can wear every day. Skims understood that early and built a business around it. The brand has a clean look and strong identity, two things that helped turn it into a powerhouse in only a few years.

Kim Kardashian SKIMS Valuation

Skims focuses on everyday essentials that blend comfort, fit, and simplicity. The brand built its name on shapewear, but it has grown far beyond that with loungewear, underwear, basics, swim, and activewear that follow the same clean and easy style.

Each collection leans into soft fabrics, neutral tones, and pieces that work across different body types. The company plans to expand even further with new stores, larger international reach, and new categories that match how people actually want to dress.

Skims aims to become a full lifestyle label, offering clothing that feels modern, practical, and ready for whatever comes next.

Skims momentum couldn’t come at a better time, especially as Kim Kardashian has been navigating a health scare involving a small brain aneurysm. Balancing personal challenges with professional growth, she’s showing how resilience and business ambition can go hand in hand.

About The Author
Ben Atkinson is a sneaker content writer at HotNewHipHop, where he has been covering the latest sneaker releases and industry news since 2023. With a deep understanding of the sneaker market, Ben regularly reports on exclusive sneaker drops, collaborations, and trends shaping the footwear world. From covering the return of top Nike releases to writing about Travis Scott's famous Air Jordan collaboration, Ben delivers in-depth content for the sneakerhead community. He also brings valuable insights from his former sneaker reselling business, Midwest Soles, which sharpens his expertise on the market.

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