Kim Kardashian has ventured into the world of finance, launching her personal non-public fairness agency with the assistance of a former companion from the US powerhouse the Carlyle Group.
The billionaire actuality TV star, enterprise proprietor and superstar influencer introduced the transfer on Twitter, saying the agency, SKKY Companions, would goal to make minority investments or take controlling stakes in “high-growth, market-leading client and media firms”.
Together with Jay Sammons, a former govt on the non-public fairness agency Carlyle Group, Kardashian’s agency plans to deal with client merchandise, media, hospitality and luxurious. It can additionally think about making investments in digital and e-commerce corporations.
I’m happy to announce the launch of @SKKYPartners with non-public fairness veteran Jay Sammons as co-founder and co-managing companion, together with @KrisJenner who will function companion at our agency. pic.twitter.com/KExQTsVGbf
Sammons spent 16 years at Carlyle as head of its client, media and retail division, the place he made profitable investments in huge manufacturers together with the headphones firm Beats by Dre, which was based by the rapper and producer Dr Dre.
“Collectively we hope to leverage our complementary experience to construct the following era client and media non-public fairness agency,” Kardashian tweeted on Wednesday.
She added that her mom, Kris Jenner, would additionally function a companion within the agency, although SKKY had but to boost any capital to safe these investments, based on the Wall Avenue Journal.
Kardashian, who rose to fame alongside her household after starring within the actuality TV present Holding Up with the Kardashians, has beforehand run into bother within the UK over a earlier monetary enterprise.
The then chair of the Monetary Conduct Authority Charles Randell, criticised Kardashian in a speech final 12 months after she posted a paid promotion for a token referred to as EthereumMax to her Instagram tales, the place she requested her 250 million followers: “Are you guys into crypto????” Whereas the put up was marked as an commercial, Randell stated Kardashian didn't disclose that the token was created solely a month earlier by unknown builders.
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