‘I knew I had to fix it’

Kris Jenner is the most famous mom in the world, but she didn’t always have a good money management sense. During an interview with WSJ. Magazine, the keeping up with the Kardashians The matriarch said she had no idea about finances while married to her first husband, famous lawyer Robert Kardashian.

“One day my friend Shelli Azoff told me when I was going through my divorce [from Robert], ‘How much does your gardener cost?’ And I said, ‘I don’t know. And she said, ‘Don’t you know?’ That was the turning point for me: I was ashamed not to know, ”recalls Kris in the latest digital cover story.

Kris met Robert when she was 17 and married him four years later. They went on to have four (very famous) children: Kourtney, Kim, Khloé, and Rob Kardashian. The couple divorced in 1991.

“I woke up one day with responsibilities that I hadn’t had the day before. And I needed to figure it out. And the good news is that I pay attention … I’m a quick study and I knew I had to do it together,” Kris continues. “And I felt a huge sense of accomplishment in being able to figure it out and pay my own bills and earn my own money and do my own taxes. And there were times when I didn’t have a lot of money, but I was very organized.”

Kris added: “I am interested in the different ways that people make money and what is happening around the world. I am interested in different businesses and how they evolve and how they become successful … I just enjoy the corporate world.”

The reality star turned billionaire is a quick study. According to Forbes, he has an estimated net worth of $ 190 million. Kris plays a role in all of her children’s endorsement deals, getting her usual 10 percent cut, like when Coty paid $ 600 million in 2019 for a 51 percent stake in Kylie Jenner’s brand, Kylie Cosmetics. It also facilitated Coty’s $ 200 million purchase of a 20 percent stake in Kim Kardashian West’s cosmetics line, KKW Beauty.

According to Ryan Seacrest, the co-creator of KUWTK, Kris can defend herself in the boardroom with the best.

“She’s one of the best negotiators I’ve ever seen. And I sat down with Merv Griffins and Dick Clarks in the world and watched them negotiate deals, I watched them on TV and I was the most personable, personable, and wonderful presenter and then sit down. table at the Beverly Hills hotel and be a tough negotiator, “says Seacrest WSJ. Magazine. “She has both qualities, which is rare.”

the Living with Kelly and Ryan The hostess adds that she has respect for the industry.

“I think people in the entertainment business, people in Hollywood, people who make family-friendly products for marketing, they realize that she is an incredible engine behind it all,” he adds. “They realize, actually, the power that she has.”

WSJ. MagazineThe digital cover story with Kris Jenner comes out Tuesday.

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