BIT OF A BUST

Kim Kardashian Is Getting Out of ‘Billion Dollar’ Business

The reality star had turned venture capitalist but failed to make big moves.

Kim Kardashian, who parlayed nepo-baby roots, a viral sex tape, and reality stardom into billionaire status has come close to admitting that rarest of things: failure. The 43-year-old mother of four is no longer helping manage SKKY Partners, the private equity firm she founded with a dealmaking hotshot in 2022. Instead, Axios reports, she will be a “senior operating adviser,” according to new documents filed with the Securities Exchange Commission. When she and Jay Sammons, who had worked for the Carlyle Group set up the fund, they said they wanted to raise $1 billion for investments. But Axios' analysis showed that its latest total raised is a fraction of that, at $121 million, and that so far it has done just one deal, for a hot sauce maker called Truff. Kardashian has not commented publicly on her loss of private equity executive status, while her mother, momager Kris Jenner, has been dropped from the filing documents entirely. Few celebrities have cracked private equity investing status; among those who have are Ryan Reynolds and Ashton Kutcher. Kardashian can console herself that the success of her Skims brand means her billionaire status is secure; earlier this month she opened a “flagship” store on Fifth Avenue in Manhattan, replacing a Versace store.