News What Businesses Does Kris Jenner Own? What Is Her Net Worth?
What Businesses Does Kris Jenner Own? What Is Her Net Worth?
It is without a doubt everyone will surely recognize when hearing the name of one of the family members of Kardashian-Jenner. They are a powerful and wealthy family who have made their name popular across the world through fashion, reality shows, and businesses.
However, the success of every member of the Kardashian and Jenner family was caused by Kris Jenner. The original momager who established the foundation and creation of the TV reality show 'Keeping Up With the Kardashians' resulted in their family's success.
According to Celebrity Net Worth, Kris Jenner is no stranger to a large contract, and as a result, she is worth an astounding $170 million. But how did the Kar-Jenner matriarch amass such wealth over the years?
Producer of Many Reality Shows
Everyone knows that the Kardashian-Jenner family lives a luxurious and noble life, swimming in cash. However, who exactly is the root cause of these successful lives, and how much is their net worth?
Kris Jenner was known as the 'proud mama' who established and produced the reality TV show 'Keeping Up With the Kardashians' in 2012. The show is the starting point of their popularity and luxurious life.
Moreover, the program ended in 2021 after 20 highly successful seasons. Kris, predictably, served as executive producer for the show. However, despite the success of the reality TV show of their family, Kris Jenner still aims to produce more series.
Aside from being an executive producer of their family's reality show, Kris Jenner is also one of the executive producers of several famous series shows. This includes Kourtney and Kim Take Miami, Kourtney and Kim Take New York, Khloe & Lamar, and three episodes of Rob & Chyna.
In 2013, she also executive produced Kris, her own spinoff. She also became an executive producer of Kirby Jenner, a spinoff series on the now-defunct Quibi app about Kendall Jenner's fictitious twin brother.
On the other hand, Kris Jenner also had an opportunity of working with
Disney, but Kris rejected the offer. Instead, Kris focused on their famous brood's show 'The Kardashians on Hulu.' Khloe Kardashian says in an interview that they let their mom does the deals, and they all share the same salary. Kris Jenner Controls Kardashian's Career
We all know that Kris Jenner is the main reason behind the success of the Kardashian empire, which brought them fortune and success. Therefore, the Kardashian siblings trust their mom to handle their career and business.
In addition, Khloe Kardashian said in an interview with Variety that their mom fights like a pit bull, and they let their mom negotiate because it was an uncomfortable type of work for them. 'Mom loves to do it, so we let her do it,' Khloe Kardashian added.
Most of the Kardashian siblings call Kris Jenner the 'momager' - a mother of a famous person who is also their manager. However, Kris is called momager for a reason.
Kris oversees Jenner Communications, located in Los Angeles, and manages the careers of Khloé, Kim Kardashian, Kourtney Kardashian, Kylie Jenner, Rob Kardashian, and Kendall. When they were married, she also handled Caitlyn Jenner's career.
Furthermore, Kardashians must also acknowledge their mom's efforts in managing individual careers. Therefore, Kris Jenner receives a percentage of the earnings from her children's jobs and businesses.
With such a prosperous family, it brings in huge dollars! They frequently make fun of how hard she works on KUWTK — and how she makes 10% on all sales.
Owner of a Famous Beauty and Cosmetics Company
Kris Jenner is known for being the executive producer of many successful tv show series and for having many cosmetics partnerships. As a result, Kris Jenner's net worth dramatically skyrocketed.
Kris became a minority shareholder in her daughter Kylie's company, Kylie Cosmetics, in 2015. Coty paid $600 million for a 51% share in the brand in November 2019, and her 10% stake surged.
However, she sold half of her stake in the firm during the multimillion-dollar transaction. Her remaining 5% ownership was worth $30 million pre-tax.
Kris also worked with Kim on her beauty line, KKW Beauty, in 2017. Coty, the same multinational, paid $200 million for a 20% share in the firm. Kris had 8% of the company, worth $80 million following the milestone sale. She is said to have the same interest in the corporation still.
Furthermore, Kris Jenner is known not only on many TV shows but also for helping her children manage their businesses and making a cut out of their sales.
Here is the list of some of Kris' most notable entrepreneurial projects:
Candles of La Jolla
Grandeza hot sauce
SKKN by Kim
Luxurious Property of Kris Jenner
Kris Jenner and the Kardashian matriarch own many multi-millionaire property homes across California's Hidden Hills and La Quinta. With such an enormous amount of money they have, Kris Jenner says in one episode of their TV show that she 'forgot' about her 1.6 million US dollar home.
The 66-year-old wealthy and famous woman admitted on 'The Kardashians season two' that she forgot that she owned a 1.6 million US dollar condo.
As a result, her daughter Khloe mocks her and says that she wants to become wealthy enough as her mother forgets that she has multi-million dollar properties somewhere.
The Kardashian matriarch is known for her opulent taste in houses, and her custom-built US$20 million estates in Hidden Hills, California, is no exception. It's directly next to Khloé's new house, and Kris showcased it in season one of The Kardashians on
Hulu, which launched on April 14.
According to the Los Angeles Times, Jenner spent roughly US$12 million for a vacation property in La Quinta, Coachella Valley, and Palm Springs in 2018. According to Dirt, the house features seven bedrooms and ten bathrooms.
Finally, according to Hello!, Jenner's most recognizable home is the Hidden Hills family pad she purchased in 2010 for a mere US$4 million. Magazine.
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