Kim Kardashian’s next gig: Wall Street mogul.

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She is teaming up with Jay Sammons, a former executive with the Carlyle Group, to launch SKKY Partners, a new firm that invests in a range of sectors including hospitality, media and consumer products.
The fund hasn’t started raising any money yet and SKKY hasn’t revealed much about its ambitions. However, the two people told the Wall Street Journal that SKYY “makes both controlling and minority investments in companies.”

“The fun part is sitting down with these founders and finding out what their dreams are,” Kardashian told the Journal in an interview. “I want to support this, not change their identity in their DNA, but to support them and take them to the next level.”

Sammons left Carlyle after a 16-year stint, during which he invested in a number of high-profile brands, including streetwear brand Super and Bits by Dre. He has been associated with the Kardashian family for many years and approached them with the idea. Kardashian’s mother and manager, Kris Jenner, will join SKKY as a partner.

The Kardashian-Sammons mix makes a complimentary team, he said. Sammons has two decades of investment acumen, and Kardashian is arguably the most popular woman in the world, thanks to her TV stardom and business portfolio. That can help SKKY attract business and promote the brand the company is investing in.

Kardashian launched clothing business Skims at an estimated $3 billion valuation earlier this year following a fresh round of funding.
Last year, Forbes reported that Kim had officially become a billionaire thanks to her skims and makeup line, KKW Beauty. She holds assets in cash, investments and real estate.

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