Did Kris Jenner Just Make $60 Million Without Getting Out Of Bed?
By Rebecca Cukier on November 28, 2019 at 4:13 PM EST
Gettyimages | Ryan Emberley/amfAR
Kris Jenner may well have made a staggering $60 million- likely without even getting out of bed. The "momager" and mother to Kylie Jenner might come lower-profile compared to her famous daughters, but Kris is the glue behind the whole family empire. The 64-year-old has a finger in each of her daughter's pies, although it's no secret that youngest daughter Kylie's is the one offering the tastiest profits.
Earlier this month, Kylie made global headlines for selling 51% of her 2015-founded Kylie Cosmetics brand. The 22-year-old sold just over half of her makeup brand to Coty Inc.
Kris doesn't offer her management services for free. The mother of six takes a 10% cut from each of her children's business ventures. Kris is also an executive producer on Keeping Up With The Kardashians, which has been airing since 2009.
Journalist and Kardashian family expert Amelia Perrin told Financial Review that the "momager" is a bit of a money animal.
"Kris Jenner doesn't give a f---, she's determined to get her rightfully owed dollars, even to the extent '10 per cent' has become a catchphrase of hers," Perrin told the media outlet.
Gettyimages | Rich Fury
Kylie's sale to Coty Inc. was no pocket change. The makeup mogul netted a sweet $600 million from it. The amount wasn't mentioned in the official statement from Coty Inc.
"Coty Inc. (NYSE: COTY) and Kylie Jenner announced today that they have entered into a long-term strategic partnership in order to jointly build and further develop Kylie’s existing beauty business into a global powerhouse brand. Together, Coty and Kylie will set and lead the strategic direction of the partnership, focusing on global expansion and entry into new beauty categories. Kylie and her team will continue to lead all creative efforts in terms of product and communications initiatives, building on her unrivaled global reach capabilities through social media."
Influencer cash is a giant deal for the entire KarJenner clan. With reports that Kylie can command up to $1 million per sponsored post, you're now looking at pay for one ad that tops what most Americans could only dream of as an annual salary.
Kylie and Kim have the highest Instagram followings of the family. Naturally, that works out to more dollars and cents for their paid ads. Kylie promotes Adidas as a brand partner, although she does promote less than she used to.
It's a family deal with the Kardashians. Consider it the family acting like a pack. Kris Jenner has appeared in promotional videos for Kylie's 2019-founded beauty brand Kylie Skin. Also featured were Khloe Kardashian, plus Kylie's baby girl Stormi Webster.
Whether or not Kris was paid to feature in her promos for her daughter's brand hasn't been clarified, but fans are likely in agreement that nothing is done for free by this family.
Kris Jenner loves to splash the cash. The star is a jet-setter through and through, with her upscale wardrobe and fine dining tastes following suit.
Kris has appeared in designer monogrammed items on Season 17 of Keeping Up With The Kardashians. The furs, heels, diamonds, and glitzy home office are up there with the Gucci and Chanel clothing.
Kris might also be spending her millions keeping boyfriend Corey Gamble accustomed to the lifestyle that's become the norm for him. Corey earns his dough, but there's no denying who the main breadwinner is with this couple.
