Thursday, May 23, 2013

Kardashian Family Drowning in Debt


New reports claim the Kardashian Klan is drowning in debt and facing financial ruin.
"Millions In Debt"
Apparently the Kardashians have serious financial issues, are the "ultimate fraudsters" and their business model is "upside down." The whole family is in a "financial death spiral." Kris has $1 million in debt — most of it in car loans, and that's just the beginning: There's tons of details in this story, a lot of it from the time someone hacked Kim's kredit report. In Feb, Kim had about $10,000 in the bank, but had a house for which she was making $26,000 a month mortgage payments. Kris, Kim and Khloe have 18 cars between them, from a $90k Range Rover to a $750K Lambo to a $325K Ferrari and a $500K Rolls-Royce. (Kourtney only has one kar.) Even though the family signed a $40 million contract with E!, after taxes that is about $22 million, which is split between the whole family, lawyers, agents, etc. To top things off, the family has been named in five lawsuits; their pre-paid debit card venture failed, Rob's sock biz is tanking, and ShoeDazzle, which Kim cofounded, just laid off 40% of its staff. And tough times might get tougher, since Kim used to get $100k just to show up at nightclubs, but no one wants the pregnant lady drinking at their party. Plus, Kanye has refused to monetize his child.
Jacked from Jezebel

24 comments:

Anonymous said...

I hope this is true.

Anonymous said...

^^^^^^ Me too, me too!

Anonymous said...

^^^ I do too... so they can sit their asses down somewhere

dreadee said...

damn....pay your bills people

Anonymous said...

more publicity stunt lol

Anonymous said...

I will not wish financial ruin on anyone. I don't want that Karma on me. What I will say is..I hope this is a lesson for someone watching them and wanting to be them.

Anonymous said...

baby saveahoe will be here soon to save them...

Anonymous said...

I HOPE THIS IS TRUE TOO!

Anonymous said...

@9:59 &10:39 AM - as long as there are black ballers, rappers and entertainers out there making money that wont happen. They are eyeing up the next sucker right now!

Anonymous said...

18 cars. Kretins. FOH.

Anonymous said...

The beginning of the end

Just like Paris Hilton mania finally ended, Kimtrashians will end too, and society will breathe a huge sigh of relief.


You can't tame a Gemini, kudos to Kanye for knowing how to curve them.

MsPink Kitty said...

Not buying this story. It could be true. But not really buying it. PR stunt.

Anonymous said...

HOPING AGAINST ALL they are stopped and brought down. If people stop supporting them then they won't be famous!

Anonymous said...

Praise jeebus.

Anonymous said...

I call bullshit. If they owed the IRS serious cash, we'd know about it by now.

Anonymous said...

There are still rumors going back and forth as to whether that financial information leak was true or not. Even so I kind of believe the story. They always overstate how much celebrities get and never factor in taxes. The Kardashians have to do a lot to keep up appearances and unlike other celebs who get designer stuff for free the Kartrashians have to pay for it because no designer wants them seen in their stuff (without making them look foolish like the Met gala dress).

Anonymous said...

@8:04 pm

The IRS will give people time to pay before it gets to a court or placed as a lien which is when the media usually hears about it. The Kardashians probably pay part of their taxes and I believe they also have "fronts" to shield some of their money. Kris supposedly started a Church and the family makes "donations" to it that they can claim as tax write offs but if you lead the church you're probably getting some of that money back tax free.

Anonymous said...

Forgive me Lord, but I wish this was true. This greedy band of lying low life assholes deserve it.

Anonymous said...

Look these hounds probably dont have as much as you might you might believe. Poor Kanye will get the boot when Kim needs cash and she will get $250,000 a month for the next 18 yesrs

Anonymous said...

I Cosign with 10:39 and 10:42! Khloe is the only one that seems remotely down to earth.

Anonymous said...

I am so sick of people hating on the Kardashians.. They have feelngs just like you or I.. my parents make good money and I dont do much but still drive a Mercedes. So everyone should hate me? They wanted people to see their day to day life.. Would you let a camera in your home to see all your weak moments?

Anonymous said...

Why would people love the trashy ass Osbournes who are in and out of rehab every other week yet the Kardashians come about and we love them at first now we hate them...Really??? Why hate on a family for being who they are? did you want them to get on camera and and act like someone else? In life you are gonna have the spoiled rich family.. SIMPLE AS THAT!!!!

Anonymous said...

Maybe they should sit home and file Wellfare like most of the people in the united states does and wear torn up dirty clothes and look unkempt.. maybe then they will be liked? I am sick and tired of anyone that has money being put down bc they ACTUALLY GOT OFF THEIR ASS AND DID SOMETHING NOT FILE DISABILITY OR WELLFARE... SO think again before putting them or anyone else with money down

Anonymous said...

I have met the girls and they are very very nice

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