The Kardashian sisters grace the latest cover of Variety — and one particular quote from Kim Kardashian has got working women talking.
Kim, who is worth an estimated $1.8 billion, saw Skims’ valuation spike to $3.2 billion in January after a $240 million financing round led by hedge fund Lone Pine Capital. Kim owns an estimated 35% of the company, which is valued at approximately $900 million. She also founded the KKW Beauty cosmetics brand, and sold a minority stake to Coty COTY, +5.35% in 2020 for $200 million.
“Yeah sorry but this is completely out of touch,” tweeted presenter and occasional professional wrestler SoCal Val in agreement. “I’m sure she has and does work hard now … but for someone with an insanely rich family/past and who’s the star of a reality show this rubs us all the wrong way.” Oh, these remarks were also published during Women’s History Month, and with the story hitting right after International Women’s Day, to boot.
Dave Kamper from the Economic Policy Institute also chimed in. Earlier on Wednesday, he had tweeted that the Great Resignation is really the “Great Reallocation” as people leave their current jobs to find better ones. “If you’re a business owner and your experience of the current labor market is, ‘no one wants to work anymore!’, you need to understand that what’s really going on is no one wants to work for YOU,” he said. And he shared that previous tweet under Variety’s post.
Everyone knows her dad worked hard to get her started. And so did Bruce
Hard work = starting a company with family money, I guess.
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