Celebrity finances are always a subject of fascination for many average people. The Kardashian-Jenner family is among the wealthiest in Hollywood, so it is not surprising that fans are constantly curious about how much money they are spending and leaving for their children.
Kim Kardashian West and Kanye West’s older daughter, North, may actually never work one day of her life if they believe the news. It has been said that the famous couple are leaving their daughter $ 10 million to claim when she turns 21. Read on for more information on the details of North’s trust fund.
The North West has grown in luxury
Since the day North was born in 2013, it was clear that she would not grow up like any other child her age.
First, the Kardashian-Jenner family is known for its wealth and its luxurious lifestyle. They often show off their enviable net worth by organizing large parties, photographing their expensive cars and designer clothes and traveling to many exotic places.
North’s mother has a net worth of $ 350 million and is the second richest of her siblings. In the meantime, his father is worth about $ 240 million. The family lives in a $ 20 million mansion in Hidden Hills, California. Reportedly, the house has a cinema, hairdresser and two floors that North and his siblings can play on.
According to Kardashian, North is also interested in fashion and makeup. As such, it has a collection of designer bags and has been seen wearing many expensive clothes. Last Christmas, Kardashian even revealed that she and her husband gave North a jacket worn by Michael Jackson.
Kim and Kanye reportedly set up a trust fund for their daughter
It appears that Kardashian and West have no expectation that North will become financially independent during her adulthood. Hollywood Life reported that when North was young, the couple had already set up a trust fund for her, which she will receive when she turns 21.
“He and Kim have already put $ 5 million into an account for her that she can have free and clear when she turns 21,” said a source from West. “She wants me to always live the life she’ll be used to. That’s just spending money on her when she turns 21. They’ve had a lot more for her in case something should happen to both him and Kim.”
The insider shared that West “lives like a king and wants Nori the same”.
It is unclear whether Kardashian and West created trust accounts for their other children, but if they did it for the North, it is likely that they did it for his siblings as well.
The Kardashian brothers inherited a $ 100 million property from their father
Kardashian seems to understand how valuable the inheritance of money can be as she also received some wealth after her father died of cancer in 2003. Robert Kardashian Sr. was a lawyer known to have defended O.J. Simpson in the 90s. According to reports, the Kardashian brothers were left with $ 100 million in assets after the death of their father.
While Kardashian and West agree to let their children inherit large sums of money, a number of other celebrities think otherwise.
For example, Ashton Kutcher has revealed that he and his wife, Mila Kunis, will donate much of their wealth to charitable organizations. Also, people like Simon Cowell, George Lucas and Sting feel the same way and want their children to make a living.