Posted in: Celebrity News

Honey Boo Boo: Trust Fund Baby

Honey Boo Boo Trust Fund Baby

Throw the redneck jokes aside for a moment because Mama June is no redneck when it comes to spending her family’s recent fortune. In fact Honey Boo Boo’s mom wants everyone to know that she’s protecting her family’s assets in the most responsible way imaginable.

Speaking to TMZ Mama June explains that money from the family’s hit reality TV series is being divided equally among her five girls. At $15k-$20k per episode that’s about $3k-4k per daughter.

She explains that in order to full protect her family’s assets she has setup trust funds which can not be accessed before the girls turn 21. The money can only be touched before that age for medical or educational purposes.

In fact, Mama June doesn’t touch the family’s TLC money AT ALL! Instead she gave TLC the trust fund information for her daughters and the network deposits the family’s windfall into those accounts.

According to June:

“I want my kids to look back and say, ‘Mama played it smart. Not like those other reality TV people.'”

She adds:

TLC puts the money into the girls’ trust accounts for me and then I get an email telling me how much everyone gets.”

June adds

“You’re never gonna see me drive a Range Rover or a Mercedes. I’ll drive one if someone else pays for it. Never gonna live above my means.”

That’s not to say the family has no money of their own, Sugarbear is still working as a contractor and Mama June and her family still earn money from public appearances and merchandising rights.

Here’s to redneck “just don’t let us touch the money” accounting at its best!

Articles And Offers From The Web

Comments

One Response to “Honey Boo Boo: Trust Fund Baby”

  1. Margaret Davis

    So why don't this family use that money for education? This entire family is just nasty.