"Khaby Lame's net worth is estimated at around $80 million, according to Business Insider Africa. It's driven mainly by his various social media partnerships and brand deals. Lame is one of the highest paid content creators and reportedly earns up to $750,000 by sponsored posts. Born in 2000, Lame started posting videos on TikTok after losing his factory job in Italy. His content quickly garnered hundreds of millions of views on TikTok, where he performs comedic skits using only gestures."
"Khaby Lame recently took a major step in his career as he signed a deal valued at $975 million, according to an SEC filing and as reported by Forbes. The 25-year-old content creator sold his company Step Distinctive Limited, which manages his global brand and commercial activities, to Hong Kong-based company Rich Sparkle Holdings. The deal gives the company 36 months of exclusive global rights to Lame's brand, making him an "equity-backed creator," the company wrote in a statement as reported by Bloomberg."
"The deal, however, does not make Khaby a billionaire as some fans speculated online. The deal is structured as an all-stock transaction and not a cash payout. Khaby does not own the company so the deal does not directly translate into personal wealth, per Business Insider Africa. Yet, the deal is expected to be a lucrative one that could generate over $4 billion in annual sales."
Khaby Lame's net worth is estimated at around $80 million, driven mainly by social media partnerships and brand deals. He reportedly earns up to $750,000 per sponsored post. Born in 2000, he began posting on TikTok after losing a factory job in Italy and gained hundreds of millions of views with comedic, gesture-based skits. He became the most followed person on TikTok due to widely accessible content. Lame sold his company Step Distinctive Limited to Hong Kong-based Rich Sparkle Holdings in a deal valued at $975 million that grants 36 months of exclusive global rights and labels him an "equity-backed creator." The all-stock transaction does not directly translate into personal cash or billionaire status but could generate over $4 billion in annual sales.
Read at Blavity News & Entertainment
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