Arguably it’s more than fair to say that the Kardashian family is doing rather well.
It’s also no secret that their cash flow is not limited to only one source (or even half a dozen) of income. The family is raking in some serious cash from every direction, and between their TV shows, endorsement deals, fashion lines, shops, perfumes, ect – the Kardashians are piling up their millions while living large.
Before their first TV show, “Keeping Up With The Kardashians,” debuted in 2007 the family name was best associated with OJ Simpson’s defense team. Now, the Kardashian name is on everything. Literally. Their mixed sources of income bring the family millions and millions of dollars each year – not too bad for a group of 8.
Ok, so how much money do the Kardashians actually have?
While it’s impossible to tell exactly how much money the family has, it is speculated that the collective Kardashian net worth is in the neighborhood of a modest $200 million – with Kim being responsible for about a quarter of the sum alone. Reading this estimate some people might think the $200 million figure to be rather low. However, it’s important to keep in mind that the family loves (I mean LOVES) to live large, and the Kardashians are well known for their amazing ability to spend money – just look at what they’ve spent on plastic surgery alone.
Now that it’s established that Kim is worth an approximated $45 million, let’s look at the rest of the Kardashian clan. Starting at the very top of the cash pyramid – Bruce Jenner is apparently worth $100 million himself (according to OK! Magazine). Khloe and Kourtney are both worth about $20 million each, Rob is worth $3.5 million, and the aspiring teen model Kendall Jenner is worth somewhere in the neighborhood of $2.5 million. Let’s not forget the fifteen-year old Kylie, who on her own is worth a mean million (she’d be worth a lot more if not for all of her expensive plastic surgeries). While that million might seem like peanuts contrasted with her older siblings, the teenybopper also drives a $125,000 Mercedes-Benz – so don’t feel too bad. Funny enough, it only took the spoiled teen 18 days after getting her driver’s licence to crash the beautiful beast. Goes to show that money isn’t everything.
Ok, so we know that the Kardashian family is absolutely loaded, the only question remains is where does the family cash actually come from? The ubiquitous Kardashian family has taken their reality TV fame to the next level – translating one television series into a very impressive branding empire.
Let’s take a look at how their cash stream actually breaks down.
First on the list is the well known TV Show – Keeping Up With the Kardashians. In 2012 it was reported that the family signed a $40 million contract to produce 3 more seasons. What’s quite strange is the fact that the show is growing in popularity despite its 2.8/10 ranking on IMDB. (Perhaps we love to hate the Kardashians?) Next is the popular Kim K sex tape. Kip dropped a lawsuit against Vivid Entertainment for the distribution of her sex tape with Ray J, for a reported $5 million settlement. (Not bad for a low-budget home production)
Personal appearances also earn the Kardashian’s some fair cash – especially Kim. It’s reported that Kim receives upwards of $100,000 per appearance. This figure might even reach millions, if Kim is requested to make an international appearance. Since everyone loves gossip, magazines are another great source of income for the not-so-modest family. Kourtney’s baby, and Khloe’s wedding each sold to over $300,000 to tabloids, while Kim and Kris’ wedding shots were sold to People magazine for a ridiculous $1.5 million. Their clothing line is also worth noting. The Kardashian Kollection for Sears reportedly pulled in between $200 and $300 million in sales in one year alone (2012). Obviously all of the earnings don’t go to the family, no doubt they take a hefty cut.
Another source of income for the Kardashians is their mobile game. Although the game is free to download, you can still spend real money on in-app purchases. You can buy things like character clothes and energy. So, how much money does this game actually make? Well, about $8.10. Every second. That’s right, the App Store phenomenon rakes in $486 every minute, which comes out to a crazy $700,000 each and every day.
The above are just some of the more popular sources of income the family has. There are many other outlets as well. Now that we know where the Kardashians get their money, let’s take a look at how they choose to spend it.
Cue Kim Kardashian with her plastic surgery splurges and unhealthy shopping addiction. The multi-millionaire reportedly spends upwards of $1 million, monthly. Most of us would assume that Kim K never has to work another day in her life again, mainly thanks to the empire that her family has built, but that may not be true. “She’s the rich version of living paycheck to paycheck,” a family friend commented on Kim’s shopping tendencies, and apparently it only got worse after she began dating the rap beau – Kanye. Currently, the millionaire celeb easily spends over $100,000 a month on clothing alone. “I’m out of control with my spending!” Kim herself states on her expensive habits (quite an understatement, honey).
With everything outlined above I think it’s fair to say that the Kardashian economy is thriving. Seemingly the Kardashian empire is self-sustaining. If by any stretch of the imagination the family will start to run low on cash – all they have to do is lend their name to any project to cash out large. Simply endorsing a concept and providing some style pointers to any venture (i.e. the mobile game) will let them collect the fruitful labor of the Kardashian economy.
That being said, their fifteen minutes won’t end until we ignore them.