Kim Kardashian co-founds personal equity company Skky Partners

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Kim Kardashian co-founds private equity firm Skky Partners

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Reality television star Kim Kardashian released a personal equity fund, Skky Partners, which she co-founded with Jay Sammons, a previous partner at the financial investment company Carlyle Group.

Photo by James Devaney/ GC Images by means of Getty Images

Reality television star Kim Kardashian released a personal equity fund, Skky Partners, which she co-founded with Jay Sammons, a previous partner at the financial investment company Carlyle Group.

“Together we hope to leverage our complementary expertise to build the next generation Consumer & Media private equity firm,” Kardashian wrote on Twitter.

Alongside investing in customer and media business, the company will likewise target the hospitality, high-end and digital and e-commerce sectors, Skky Partners tweeted.

It said it would pursue control and minority financial investments in these markets.

Kardashian and Sammons, who formerly ran the Carlyle Group’s international customer, media and retail department and left the business in July, will function as co-founders and co-managing partners, with Sammons running everyday operations at the company. Sammons has actually formerly dealt with international brand names like Supreme, Beats by Dr.Dre, Vogue, McDonald’s China and Moncler, according to his ConnectedIn profile.

Kardashian’s mom and veteran supervisor, Kris Jenner, is likewise a partner at the brand-new company. On Twitter, she stated she was “proud, honored and excited” about signing up with the company.

Skky Partners did not instantly react to a CNBC ask for remark.

Kardashian initially ended up being popular on truth television program “Keeping Up with the Kardashians,” which ranged from 2007 till2021 She now stars in the spin-off program “The Kardashians” and has 329 million fans on Instagram.

With the launch for Skky Partners, Kardashian has actually ended up being the most recent celeb to sign up with the personal equity and equity capital market, signing up with the similarity Leonardo DiCaprio, Gwyneth Paltrow and Serena Williams.

Tennis star Williams’ equity capital company Serena Ventures raised $111 million in March and has actually purchased over 50 business worth an overall of more than $14 billion because it was established in2014 This consists of online knowing platform MasterClass and social audio app Clubhouse.

Kardashian currently has a performance history as an effective business owner. Her shapewear brand name Skims was valued at $3.2 billion in January, while her makeup brand name KKW got prevalent appeal after introducing in2017 In June, the business owner rebranded KKW to SKKN as the business moved from makeup to skin care.

This is likewise not the very first time Kardashian has actually openly discussed financing and investing. In 2021, the star published ads for cryptocurrency on her Instagram account, which had around 228 million fans at the time. She has actually because been taken legal action against by financiers of the cryptocurrency she promoted, EthereumMax. The class action, which was submitted previously this year, declares that Kardashian and other stars who promoted the token teamed up with its developers to “misleadingly promote and sell” it.



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