The Kardashian family clearly isn’t broke. But, they could lose their money if they continue with their outrageous spending. The Kardashian-Jenner family want to make it clear that they are super rich. They often flaunt their wealth on social media.
But, fans are wondering about the family’s wealthy. They believe that they will lose a good portion of their income. Over the years, fans watched the family grow into their wealth on Keeping Up With the Kardashians. The family is seen as ostentatious and some wonder how they will outlive their lavish lifestyle amid another recession.
Could the reality TV family end up broke?
Per Screen Rant, some suspect the Kardashians could lose their wealth amid the coronavirus pandemic. This comes as Kylie Jenner spent over $10,000 on Mother’s Day gifts for her sisters Kim Kardashian and Khloe Kardashian. The self-made billionaire didn’t blink when she treated her sisters to crystal cheetah clutches, per The Mirror.
Since the family spends so much money, fans are looking into their wealth and wondering if they’re just keeping up with appearances. Their reality series has dropped in ratings over the years. As a result, it moved from Sunday nights to Thursday nights. Being a Kardashian comes with a huge price tag and fans are wondering if the siblings are spending too much money as most people are worried about the oncoming recession.
Net worth does not equal wealth
Each member of the Kardashian-Jenner family has an extravagant lifestyle. They make an exorbitant amount of money for their endorsements and public appearances. But, it’s important to note that net worth is not the same as wealth. While Kylie is a “billionaire,” it’s not the same as her individual net worth. It’s the value of her company, which is a separate entity.
The Kardashians are worth millions, not billions, per BBC. Kylie is just shy of one billion, Kim has $350 million, Khloe is worth $40 million, and Kourtney earns $35 million. Meanwhile, Kendall has $30 million and Rob owns $10 million from his sock company.
Each sister uses their social media accounts to make money and have their own careers. Kendall is a model, Khloe Kardashian has her own jean company called Good American, and Kourtney has her own lifestyle brand.
As per Business Insider, “Wealth refers to the net worth of a household, i.e. all of its assets minus [the] liabilities.” When it comes to millionaires’ assets, only 8.2% of their income stems from their wealth.
Spending a lot of money doesn’t necessarily mean that you’re wealthy. You could spend as much as you earn, leaving little to accumulate that wealth overtime.
Fans wonder if the Kardashians are really that wealthy
Fans on Reddit speculated about the wealth of the Kardashian-Jenner family. Some believe that most celebrities aren’t as wealthy as they come across on social media. Others pointed out that their lavish lifestyle is excessive and can eat up their income. Most fans aren’t convinced that they’re making a lot of money.
The family pays for a lot of things. They have cars, drivers, glam squads, nannies, personal chefs, personal trainers, private jets, and private schooling that they pay for. Some of the siblings own more than one property and have multiple mortgages that question whether they will have to downsize.
Will the Kardashians end up broke? It’s doubtful. But, the family should closely monitor their spending habits.
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