Kim Kardashian is one of the most influential and prosperous figures in the industry. Kardashian has worked incredibly hard her entire life to get to where she is now. However, recently Kim Kardashian was paid $1 million to speak at a Miami hedge fund event.
According to a source who spoke to Page Six, Kim Kardashian, the creator of SKIMS, was paid about $1 million to speak at a conference during Miami’s so-called “Hedge Fund Week,” despite some attendees’ arrogant beliefs that they were too successful to attend.
On Tuesday at the Fountainbleu hotel, Kardashian discussed her recently established private equity firm SKKY Partners with her co-founder, seasoned businessman Jay Sammons. Ron Biscardi, CEO of iConnections, said that they won’t comment on anything publicly.
“We don’t comment publicly on [monetary] arrangements with speakers.”
According to another report, Kardashian’s payment was less than $500,000. Despite the fact that the 42-year-old reality star and CEO of KKW Beauty have built her own business empire and will be on the Forbes billionaires list in 2021. Some snobbish hedgies reportedly avoided attending her panel and opted to take a boat trip instead.
In 2016, Kardashian received $700,000 for posing for photos with Instagram celebrities at a Revolve event in the Hamptons. One attendee was heard braggingly saying what she will learn from KK. Despite some skeptics, Kardashian’s address was so well attended that two more rooms were required.
“Yeah, she’s hot, but I came in from London to do business. What am I going to learn from her?”
To address the attention which Kim got, Biscardi moved to the forefront. Kardashian received a lot of love throughout the conference, according to Biscardi. He went on to say that he was pleased to see how people were supporting a female fund manager.
“She received huge applause when she walked out onto the stage. It was standing room only in the room where she spoke, with people spilling into the hallway. We had even more people in overflow rooms where the video was streamed to accommodate the sell out crowd.”
“I was happy to see so much support for a female fund manager in an industry dominated by men.”
Entrepreneur Mark Cuban, Galaxy CEO Mike Novogratz, Anthony “The Mooch” Scaramucci, and other outspoken financiers were among the other speakers at this year’s conference. However, the event’s tickets were priced at $10,000.
In September 2022, Kardashian announced the opening of her private equity firm. According to the Wall Street Journal, it would concentrate on investments in consumer goods, hospitality, luxury, internet commerce, and media, “as well as consumer-media and entertainment businesses.”
“Hedge Fund Week,” is described by organizers as “a festival of alternative finance and investment… a series of events for hedge funds, family offices and institutional investors taking place in Q1 of 2023.”
Additionally, it provided attendees with “networking occasions in venues around the city” as well as on the AYU Yacht, a 92-foot yacht in Miami Beach, in front of the Eden Roc and Fontainbleu hotels. “The financial glitterati will all be there”, according to Bloomberg, who also characterized the situation. For further updates stay tuned to Thirsty.
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