Are Kris Jenner and the rest of the Kardashian crew going broke? According to a new report by Radar Online, the extravagant lifestyle of the Kris and her daughters could lead the Jenner family to financial ruin.
A Jenner insider revealed that the Keeping Up With The Kardashians clan has made some poor decisions about money, including supplementing the lifestyles of less-fortunate boyfriends and spouses on top of several failed television shows. The source claims that Kris Jenner and her family now "needs a miracle to save them from hemorrhaging their dwindling cash."The insider also indicated that Kris Jenner's daughter, Kim Kardashian, might be part of the problem, since the reality star reportedly "blows over $300k a month on shopping alone." That kind of lavish lifestyle is "just not sustainable" for the Jenner family, the insider advised.
While the Jenner family reportedly thought they had it made when Kim married Kanye, and were "pretty complacent about money," as it turns out, the Life Of Pablo rapper is "worse with money than they are!"
But other signs point to Kris Jenner and her lavish spending as the problem. According Radar, Kim Kardashian has accused Kris of mismanaging her money. Although each Jenner child has her own business and income, the real money comes from Kim who "feels like there are millions of dollars in question because Kris finances everyone's lavish lifestyle."
A second insider claims that Kardashian now wonders "why everyone is suddenly getting Rolls Royces and mansions," particularly Rob, who just received a $2 million Calabasas, California, mansion from his mother, Kris Jenner. The home is in the same gated community in which Kris and other members of the Jenner family live.The source added that "Kim feels Kris's spending is out of control," and Jenner is giving too many presents away. Kim is said to be checking into her finances "because she's the only one bringing in that kind of money and thinks it's weird that everyone in the family is enjoying an extravagant lifestyle... beyond their individual means."
Kim thinks "millions of dollars are missing," and "wants to be more hands-on to find out where the money is being allocated" by Kris. According to the insider, Kardashian "is starting to take an inventory" to determine whether Jenner is mishandling her finances.
Kim is still earning plenty of money, and is "earning more with her gaming app," but with Kocktails With Khloe over and "Kourtney barely earning a dime on her own in years," the Jenner family's financial future isn't looking so good.
To add insult to injury, Kourtney, Kim, and Khloe are in the midst of a huge $180 million lawsuit with Hillair Capital Management over the Kardashian Beauty makeup line. In court documents, the management company claims it "agreed to put up millions of dollars to help the Kardashians," while "the Kardashians would continue to be the faces of the line, and actively promote, market and support the line."But instead of supporting the business, Kris Jenner's daughters instead "immediately stopped marketing, promoting, and supporting the line and began courting new potential investors to buy out Hillair's stake," in favor of "a better, more lucrative deal," the court documents claim.
Now, the management company is suing them for "significant damages," including the $10,170,000 it originally invested, plus the value of their share of the makeup line, which is said to be worth "between $64 million and $180 million."
Kris Jenner is reportedly "tearing her hair out with worry," since "there's way too much going out and not enough coming in," and the Jenner family might just be "headed for real trouble if they don't start turning things around fast," the insider warned.
What do you think? Are Kris Jenner and her daughters headed for the poor house? Leave a comment below![Photo by Darren Arthur/Getty Images]