Kim Kardashian launches private equity firm

AFP
3 Min Read
Kim Kardashian 2022 White House Correspondents' Association Dinner
Kim Kardashian attends the 2022 White House Correspondents’ Association Dinner at Washington Hilton on April 30, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images)
 
Published by
AFP
 

Washington (AFP) – Reality TV star-turned-entrepreneur Kim Kardashian announced Wednesday she is branching into a new business arena with the launch of a private equity firm co-founded with a former partner at industry giant Carlyle.

“I’m pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner,” Kardashian wrote on Twitter.

Kardashian said her mother, Kris Jenner, would also serve as partner.  

According to the new firm’s Instagram account, SKKY Partners will focus on investments in consumer and media companies in sectors including “consumer products, digital and e-commerce, consumer media, hospitality and luxury.” 

It is the latest of a series of business ventures for megastar Kardashian, who came to fame with the US reality show “Keeping Up With the Kardashians,” which tracked the lives of her family members in Los Angeles.

The 41-year-old has steadily built her business empire in recent years — most visibly with her apparel and beauty brands — and has a net worth of $1.8 billion, according to Forbes. 

Jay Sammons, who in the summer left his long-time role as head of consumer, media and retail at Carlyle — one of the top private equity companies in the world — told The Wall Street Journal he approached Kardashian and her mother about launching the firm this year.

Kardashian told the Journal she liked the idea of working closely with entrepreneurs to help them grow their vision.

“The exciting part is to sit down with these founders and figure out what their dream is,” Kardashian told the paper, adding the firm plans to make its first investment before the end of 2022.  

“I want to support what that is, not change who they are in their DNA, but just support and get them to a different level.”

SKKY did not immediately respond to AFP’s request for comment. 

  • Why was Sydney Sweeney at Jeff Bezos’ wedding? [Celebtichy]
  • Gillian Anderson is bringing the vibe. [Go Fug Yourself]
  • Darryl Stephens talks returning to Noah’s Arc [Boy Culture]
  • Scott Gardner scores big [Kenneth212]
  • Decoding the Nine Perfect Strangers twisty ending [Pajiba]
  • The first openly gay US president? Pete Buttigieg leads new poll [Pink News]
  • Which Celebrities Attended Diddy’s White Parties? [Hollywood Life]

SHOP WITH SL

Like most websites, Socialite Life uses affiliate links where available, which means we earn a little commission if you click through and buy something. Also, as Amazon Influencers, we earn from qualifying purchases.