Kim Kardashian Launching Private Equity Firm, SKKY Partners, to Help Budding Entrepreneurs

Kim Kardashian is entering the world of private equity and it’s a fantastic choice!

Kim Kardashian billionaire status is about to grow! She’s partnering with Jay Sammons, a former executive with Carlyle Group, to launch SKKY Partners. According to a post from an Instagram account for the company, the firm will focus “on both control and minority investments in high-growth, market-leading consumer and media companies.”

The fund hasn’t begun any raising money just yet and SKKY has revealed little about its ambitions. However, the duo told the Wall Street Journal that SKYY will make “both control and minority investments in companies.”

“The exciting part is to sit down with these founders and figure out what their dream is,” Kardashian told the Journal in an interview. “I want to support what that is, not change who they are in their DNA, but just support and get them to a different level.”

WSJ reported that Sammons has a longtime relationship with both Kardashian and her mother/manager, Kris Jenner, and approached the duo earlier this year about starting the firm. Sammons told WSJ that Jenner, 66, will join SKKY as a partner.

The Kardashian-Sammons duo make a complimentary team, they said. Sammons has two decades of investing acumen and Kardashian is arguably the most popular woman in the world, thanks to her TV stardom and business portfolio. That could help SKKY attract business and promote the brands the firm invests in.

So again look out world, Kim Kardashian is entering the world of private equity!