It’s obvious Kim Kardashian knows something about making money, and she has a net worth of $85 million to prove it. The real question, though, is how did someone who’s “famous for being famous,” according to In Touch magazine, manage to leverage almost nothing into a multimedia empire?
Well, for starters, Kim’s life isn’t anywhere near as exciting as you see on her reality program Keeping Up With The Kardashians, she told MarketWatch. Although the show added several million to her net worth, even Kim advises the program isn’t really based on reality.
“I think that people sometimes see this persona on my TV show. It would be a boring show if they saw me going to meetings all day long,” Kardashian said in an interview.
Even though on Keeping Up With The Kardashians viewers are treated to scenes of Kim purchasing Bentley vehicles and a top-shelf designer wardrobe worth several thousand dollars, reports In Touch magazine, Kim credits her father, Robert Kardashian, for teaching her all about finance and managing her enormous net worth.
As a teenager, “I was on a strict budget, so if I wanted to buy something, I had to sell something,” she told MarketWatch. Kim, with the help of Robert Kardashian, took out a loan to buy five pairs of Manolo Blahnik shoes — worth $750 a pair.
How did her experiment go? “I sold each pair on eBay for $2,500,” giving the star a net profit of $1,750 for each pair. Not too shabby.
That venture was the start of a business that eventually has given Kim a net worth of $85 million — a net worth that’s expected to grow.
“I was fortunate for my parents to teach me about credit and saving and things like that. It’s nothing they teach you in school, and I really think that is unfortunate. I think classes on credit and saving and balancing a checkbook, which is so simple, should be taught in school because a lot of people don’t know much about it,” Kim said, according to the New York Post, when asked how she manages her net worth.
Babe😍😘 everyone wants to look this good while walking down the street @KimKardashian 👍👍 pic.twitter.com/UCBWaLCv3I
— RHYS SMART (@MeBeRhys) July 6, 2015
As previously reported by the Inquisitr, Kim recently raised eyebrows at an Alexander Wang fashion show when her child, North, threw a temper tantrum. But even the most disapproving onlooker agreed it was a great marketing tactic.
“[Kim] is absolutely genius in creating buzz,” one source close to Kardashian told Radar Online. “Bringing North to Alexander Wang’s fashion show resulted in everyone talking about her, and not the clothes. Wherever Kim and Kanye go, it becomes all about them. Just look at the Grammys: Kanye just makes a 30 second crash appearance on stage, and everyone is talking about it for the next week!”
When asked if she’s frugal about anything — Kardashian does seem to spend a lot of her worth on designer duds — Kim replied, “Oh, my God, yes. I’m cheap about so many things. I look over everything. I would say I am pretty frugal. I’m really conservative. Even though it seems like I buy a lot and I have a lot, I don’t go crazy like I used to.”
“You know, I thought the more money I made, that I would spend more. And that’s the opposite,” Kim Kardashian said about her spending habits since reaching an $85 million net worth.
[Image credit: John Lamparski / Getty Images]