Former Carlyle Consumer Head Jay Sammons, Kardashian is launching a private equity company named SKKY Partners
The most popular reality personality in America is expanding her skill set and leveraging her businesses. Kim Kardashian just added a new position i.e, investor in private equity to her resume after passing the “baby bar” exam to become a lawyer last year.
Kardashian is starting a private equity firm called SKKY Partners with former Carlyle consumer head Jay Sammons to invest in companies that are in the consumer products, hotel, luxury, digital commerce, and media sectors. Both majority and minority ownership holdings in SKKY’s target businesses will be acquired. Sammons, who departed Carlyle last summer after working there for more than 16 years, is renowned for having staked money on companies like Supreme and Beats by Dre. Sammons, a family friend of the Kardashians for many years, reportedly proposed the idea for the company to Kris Jenner and Kim Kardashian. Jenner will become a partner at SKKY.
Kardashian is the most recent celebrity to make headway in the field of private capital management, but for the time being, private equity is only one of her side businesses rather than her major area of interest. Skims, a brand of loungewear and undergarments that Kardashian launched, helped her become a fortune. Along with launching a nine-product skincare line this year, she also revealed earlier this week that she will begin her own true crime podcast called “The System” in association with Coty, a consumer goods corporation that has invested in her beauty business.