Kim Kardashian has taken another step forward in her prolific and sometimes controversial career, now stepping up as an investor through her new venture SKKY Partners.
But she has not taken the step alone, she did it together with another well-known from the investment world, Jay Sammons, the former CEO of the Carlyle Group .
Together they boarded the ship of SKKY Partners, a new company that will invest in start-ups that show signs of rapid growth potential .
What is currently known about the new business venture of the most famous of the Kardashian sisters is that they will seek to fund companies that are focused on the hospitality, media and consumer products sectors .
SKKY Partners will seek to make both controlling, that is, majority, and minor investments, as Kardashian and Sammons explained in an interview with The Wall Street Journal .
“The exciting part is sitting down with these founders and finding out what their dream is ,” Kardashian explained.
“I want to support what that is, not change who they are in their DNA, but just support them and take them to a different level,” he elaborated in the interview with WSJ.
It is known that the SKKY Partners fund has not yet started raising funds, as little is known about the business model it will carry out.
However, the markets welcomed the partnership formed by Kardashian and Sammons in SKKY Partners, as both have interesting features to bring to the company .
For one thing, Sammons has all the experience he garnered over 16 years at Carlyle , a company he left just over the summer.
During his tenure at this global investment firm, Sammons directed investments into big-name brands like Supreme and Beats by Dre.
This investor is not a stranger to the Kardashian family, since for several years he has been associated with the clan and, in fact, it was he who raised the idea of forming this investment fund.
But like many other things in the Kardashian family environment, the SKYY Partners business also has the presence of other members, specifically Kris Jenner, the daughters' mother and manager, who will be a partner in the investment fund .
But if Sammson's 20 years of investment experience isn't enough, his business partner Kim is one of the world's most famous women , not just for her TV stardom, but for her prolific portfolio of businesses.
Kim has built an empire for herself through clothing brand Skims, which is valued at around $3 billion, following a successful last round of investment in early 2022.
Along with her makeup brand KKW Beauty, the businesswoman officially became a billionaire, making the Forbes list in 2021.