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Kim Kardashian Launches Private Equity Firm

Written by FDM

After reality TV, make-up, or shapewear, Kim Kardashian announced on Wednesday the creation of her private equity fund SKKY Partners, co-founded with Jay Sammons.

The “Keeping Up With the Kardashians” star is embarking on a new venture becoming the latest celebrity to enter the investment industry. SKKY Partners is a private equity fund co-founded with Jay Sammons, a former partner at the investment firm Carlyle Group.

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

She will also be working with her mother and long-time manager, Kris Jenner. On Twitter, she said she was “proud, honored and excited” about joining the firm.

SKKY Partners’ target industries include consumer and media companies along with hospitality, luxury, digital, and e-commerce sectors according to social media posts.

At 41, the reality TV star has turned her celebrity into a business empire, with the skincare and makeup line SKKN, and the shapewear brand Skims. Her fortune is estimated at 1.8 billion dollars by Forbes magazine.

Jay Sammons, a former head of the Carlyle Group investment fund, told The Wall Street Journal that he reached out to Kim Kardashian and Kris Jenner this summer about launching the venture.