Khloe Kardashian has built an empire on her own terms, and she has become a force to be reckoned with in the entertainment and fashion industry. She is known not only for her famous family but also for her entrepreneurial spirit.
With her successful businesses, including Good American and Revenge Body, Khloe has amassed an impressive net worth. However, her financial success did not come overnight. Today, we will explore the 5 financial secrets of Khloe Kardashian: spending, investments, and net worth.
First of all, let’s take a look at Khloe’s financial background. Khloe grew up in a wealthy family, but she has made a name for herself outside of her family’s fortune. She began her career as a reality TV star, but over the years, she has evolved into a successful businesswoman.
She has used her platform to launch several businesses, including her clothing line Good American, which generated over $1 million in sales on its first day. Khloe has also been a co-host on The X Factor and the creator and host of the reality show Revenge Body, which has aired for three seasons.
Secret #1: Strategic Spending
One of Khloe’s financial secrets is her strategic spending habits. Despite her wealth, Khloe is not one to waste money on frivolous purchases. She is known for her love of luxury items, such as designer handbags and shoes, but she is also strategic in her spending.
For example, she often buys items on sale or waits for them to go on clearance before making a purchase. She also prioritizes her expenses, allocating money towards things that matter most to her while cutting back on unnecessary spending.
In the early days of her career, Khloe said that she and her sisters “literally had no money,” adding that “The three of us bought all our own inventory, cleaned the store, did our own taxes – everything…we really fended for ourselves and somehow we just learned…There were definitely months where we couldn’t pay our bills. The store was just breaking even for six or seven years. We didn’t make any money, and it was really scary.”
Secret #2: Diverse Investments
Khloe is also savvy when it comes to investing her money. She understands the importance of diversifying her investments, and she has a portfolio that includes stocks, real estate, and other types of investments.
For example, she was an early investor in the meal-delivery service Freshly, which was later acquired by Nestle for $1.5 billion. Khloe also invests in real estate and has a portfolio of properties that includes a mansion in Calabasas, California, worth over $7 million.
Secret #3: Multiple Sources of Income
In addition to her businesses, Khloe has multiple sources of income. She has numerous endorsement deals with companies like Protein World and Six Pack Fitness, which help supplement her income.
Khloe also has a successful social media presence, with over 140 million followers on Instagram alone. Her social media accounts have become a platform for sponsored posts and partnerships, which generate additional income for her.
Secret #4: Real Estate Investments
Khloe’s real estate investments have played a significant role in her financial success. In addition to her Calabasas mansion, she also owns a home in Hidden Hills, California, which she purchased for $7.2 million.
She also owns a home in Cleveland, Ohio, where her ex-husband Lamar Odom played for the Cleveland Cavaliers. These real estate investments not only serve as a source of passive income but also appreciate in value over time.
Secret #5: Net Worth
Khloe Kardashian’s net worth is estimated to be around $50 million, according to Celebrity Net Worth. This impressive figure is a result of her successful businesses, smart investments, and multiple sources of income. Khloe’s net worth continues to grow as she expands her businesses and investments.
Khloe has had a lot to say about her massive net worth over the years, too. “Happiness is the new rich. Inner peace is the new success,” she said on Instagram. “Health is the new wealth. Kindness is the new cool.” Some critics have said that she’s out of touch, but fired back by saying “I hate it when people say, ‘What do you have to worry about? You have all this money.’ Oh, so money means you don’t have problems? I don’t care who you are, problems are problems.”
That isn’t the only time Khloe has gone on the warpath when people have been critical of her spending. When talking about donating to charity, she said that “Big or small, it all counts. It bothers me when people say, ‘Oh, you have so much money that you can give back.’ Offering a helping hand to someone in need – or offering emotional support to someone who needs it – is doing something good.”