United Kingdom, Nov. 12 -- Kim Kardashian's SKIMS brand has been valued at $5 billion.

The 45-year-old beauty co-founded the shapewear and clothing brand with Emma Grede back in 2019, and SKIMS has just raised $225 million in new capital, thereby valuing the label at $5 billion in total.

Kim said in a statement: "We can't wait to take SKIMS to the next level as we continue to innovate and set the standard for our industry."

Emma is also convinced that the brand can continue to grow in the coming years.

She said: "This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth."

The funding is being led by Goldman Sachs Alternatives, and Be...