Inside Kardashian's Financial Empire
Founded last year in collaboration with former Carlyle Group partner Jay Simmons, SKKY Partners focuses on investments in consumer and media-related businesses. Kardashian expressed her enthusiasm for building relationships with the founders, emphasizing her role as a storyteller.
During her talk, Kardashian shared, "She is genuinely fascinated by people's stories—their company's magic sauce, their motivations for starting their business, and their unique vision. She hopes to contribute to their journey."
The Bloomberg report also reveals that attendees at the conference questioned Kardashian about her status as an influencer and whether she personally drives her kids to school.
Although Kardashian rose to fame through social media and her prominent role in "Keeping Up with the Kardashians," she has also achieved success as the founder of shapewear company Skims, which attained a remarkable valuation of $3 billion last year.
Meanwhile, SKKY Partners is actively seeking to raise a minimum of $1 billion, leveraging Kardashian's vast social media reach and her proven track record in the beauty and retail sectors.
A recent pitch seen by Bloomberg disclosed that SKKY Partners aims to make 10-12 investments in the consumer and media industries, requiring equity ranging from $100 million to $500 million for each investment. Limited partners are requested to commit a minimum of $10 million.