Kris Jenner is reportedly concerned about daughter Kylie’s excessive spending.
via Page Six:
“Kylie has been spending so much that, after she bought the jet, her mom had to step in and tell her to slow down,” said one insider.
That comes on the heels of Kylie being blasted this week as “classless” and a “climate criminal” after bragging about her $72 million private jet on social media.
On Friday, the 24-year-old beauty mogul posted to Instagram a photo of her own jet parked next to boyfriend Travis Scott’s plane, captioning it: “You wanna take mine or yours?”
Then the self-described eco-crusader — who has given money to causes such as supporting victims of hurricanes and wildfires — was slammed for taking a 17-minute flight on her private jet for a 26-mile journey that would have taken 39 minutes by car. She even drove 30 minutes in the opposite direction to the Van Nuys airport just to board her plane.
Following the backlash, on Tuesday Kylie posted a TikTok video of herself shopping at a Target with her 4-year-old daughter, Stormi, and nieces Chicago and True — which led to detractors on Reddit calling her “out of touch”and accusing her of “trying to appeal to us peasants.”
Kylie was previously criticized over her jet usage in 2019 when she picked up her sister Kendall Jenner for dinner in a custom Global Express aircraft.
And as she continues to blow hundreds of millions on her lavish lifestyle, sources say her mom — who is also her business manager — is worried.
“Kris is urging her to be more responsible with her money, make wise investments. But Kylie is 24, she has her own brand, and she does what she wants,” said the insider.
Another source close to the Kardashians denied that Kris had stepped in and added: “Kylie has actually always been very good [with her money] — young but adult at heart. “
Kylie reportedly owns as many as five homes in California.
Her primary residence, in Hidden Hills — not far from where her mom and sisters Kim and Khloé Kardashian also live — boasts eight bedrooms and 11 bathrooms and measures more than 13,000 square feet. She bought it in September 2016 for $12 million.
In April 2020 she purchased a nearby vacant plot in Hidden Hills for $15 million, reportedly hiring Tom Brady’s architect Richard Landry to build a new home on the land. According to sources, Kylie wants to build an 18,000-square-foot mansion with a 12-car garage (she owns a $3 million Bugatti Chiron and a $300,000 pink Rolls Royce, among other hot wheels), a huge pool, guest house and gym.
Not content with those properties, in April 2020 she nabbed a 15,350-square-foot mega-mansion in Bel Air, boasting seven bedrooms, for a cool $36.5 million.
Let’s not forget the seven-bedroom Beverly Hills home she bought with Scott in October 2018 for $13.45 million.
And just for good measure, in February 2019 she purchased land near her mom’s desert home, at the exclusive private-members only Madison Club in La Quinta, for $3.25 million. She also plans to build a house there.
That’s some $80 million worth of real estate. Her decorator must be exhausted.
Her behemoth Global Express Jet — a plane larger than a Learjet — cost as much as $72 million. It takes around $5 million a year to maintain the customized craft, bought in 2020 before the pandemic. While it can fly longer distances, the jet can’t land at most private airfields because it needs a longer runway.
After she bought the jet, “Kris Jenner felt she had to step in to tell Kylie to slow down. She is worried her youngest is spending too much money, too fast. But Kylie is her own woman and does what she wants,” the insider said.
Kris has said Kylie spends an estimated $300,000 a month on clothes, and not just for herself. Her daughter Stormi has been seen in designer duds created by Dolce & Gabbana, Fendi, Burberry and Gucci. The tot even wore a $12,000 Hermes backpack on her first day of school. And now, Kylie and Scott also have a five-month-old son, whose name has not been revealed.
She also is said to shell out $300,000 to $400,000 a month on security, and that fleet of cars — which also includes a $400,000 Lamborghini Aventador. a $320,000 white Rolls Royce Ghost and a $460,000 Rolls-Royce Phantom.
Kylie is a billionaire, and she wants the whole world to know it.
In November 2019 she struck a deal with Coty, which bought 51 per cent of her Kylie Cosmetics and Kylie Skin business for $600 million.
Forbes magazine dubbed her the world’s youngest self-made billionaire in March 2019. But in May 2020 the money mag yanked her coveted billionaire status. It published a scathing report accusing Kylie and Kris Jenner of lying about Kylie’s net worth and earnings from Kylie Cosmetics.
Estimating that Kylie is worth just under $900 million, Forbes said, ““Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe,” the mag said.
Kylie and Kris were accused of giving the mag forged draft tax returns with inflated numbers to help “get a Forbes cover for Kylie” after her sister, Kim Kardashian, landed the cover in July 2016, the report says. Kris and Kylie denied the accusation.
Seeming not to take the report seriously, Kylie tweeted, “What am i even waking up to. i thought this was a reputable site …. all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period.”
Kylie Jenner better invest well — or pivot. She has the rest of her life ahead of her to spend that money.
