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Kim Kardashian is now officially a billionaire. The Keeping Up with The Kardashians star joins Forbes magazine's list of the world's billionaires for the first time ever this year.

Forbes estimates that Kim is now worth $1 billion. Her wealth has greatly increased from $780 million in October of 2020.

Thanks for the most part to Kim K's empire, which consists of her beauty brand KKW and her shapewear business Skims.

KKW is reportedly worth $500 million, while Skims is valued at $225 million.

Plus, Kim also has earnings from their family's reality TV show, endorsement deals, and a number of smaller investments.

On Tuesday, the 40-year-old reality star-entrepreneur posted photos of herself enjoying her time at the beach after she was declared a billionaire.

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A post shared by Kim Kardashian West (@kimkardashian)

Kim established KKW Beauty in 2017 and it's very likely that promoting her products online greatly helped grow her business, since she has around 213 million Instagram followers.

Meanwhile, her shapewear line Skims was launched in 2019 and prides itself of being multihued or having a shapewear that matches different hues of skin color.

Also included in Forbes's roster of billionaires is Kim's soon-to-be ex-husband, rapper Kanye West, whose deals from his sneaker and apparel brand Yeezy has raised his net worth to $1.8 billion.

In February, Kim filed for divorce from Kanye in Los Angeles, citing irreconcilable differences. She also hired renowned divorce lawyer Laura Wasser.

The celebrity couple have been married for nearly seven years and have four kids together.

TMZ reports that the divorce is an amicable one and Kanye is said to be “fine” with Kim asking for joint legal and physical custody of their children North, Saint, Chicago, and Psalm.

Moreover, Kim and Kanye had a prenuptial agreement in place and discussions on property settlements are said to be already in progress.

Aside from their marriage, their long-running reality TV show Keeping Up with The Kardashians is also about to wrap up after 14 years. Its 20th and final season began on March 18.

And speaking of endings, Kim's half-sister, Kylie Jenner has unfortunately lost her billionaire status this year according to Forbes, citing the low sales of cosmetics amid the pandemic as the culprit.

Kylie's beauty brand Kylie Cosmetics is now 51% owned by Coty Inc. and her net worth is now reportedly at $700 million.

For more lifestyle content, head out to GMA's Lifestyle page.

See who else aside from Kim Kardashian is among Instagram's highest paid celebrities of 2020 in the gallery. below.