Kim Kardashian’s Next Party: A Wall Street Investor

She partnered with Jay Sammons, former CEO of The Carlyle Group, for the launch SKKY PARTNERSa new company that will invest in fast-growing businesses across many sectors, including hospitality, media and consumer products.
The fund has not yet begun raising funds and SKKY has revealed little about its ambitions. However, the duo told The Wall Street Journal that SKYY would make “arbitrary and minority investments in companies”.

“The exciting part is sitting down with these founders and finding out what their dream is,” Kardashian told the newspaper in an interview. “I want to support what it is, not change who they are in their DNA, but just support them and take them to a different level.”

Sammons left Carlyle this summer after 16 years, during which he invested in several well-known brands, including streetwear brand Supreme and Beats by Dre. He has been associated with the Kardashian family for several years and approached them with the idea. Kris Jenner, Kardashian’s mother and manager, will be joining SKKY as a partner.

They said the Kardashian-Samons duo make up a free team. Sammons has two decades of investing experience, and the Kardashian is arguably the most popular woman in the world, thanks to her TV star and portfolio. This can help SKKY to attract business and promote the brands in which the company invests.

Kardashian started Skims, a value apparel company Nearly 3 billion dollars After a new round of fundraising earlier this year.
last year, Forbes magazine reported that Kim She officially became a billionaire thanks to Skims and her makeup line KKW Beauty. It has cash assets, investments and real estate.
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