When it comes to the world of reality TV and celebrity empires, few names are as prominent as Kris Jenner. Known as the matriarch of the Kardashian-Jenner family, she has played a pivotal role in shaping the careers and fortunes of her famous children. Kris is not just a momager; she’s a savvy businesswoman who has turned her family’s fame into a multi-million-dollar empire. In this article, we delve into Kris Jenner’s net worth and the various avenues through which she has amassed her wealth.
Kris Jenner’s Net Worth
Kris Jenner is a reality television icon, producer, media personality, and author with a $170 million net worth. Kris Jenner, a businesswoman and entrepreneur, is likely best known for her appearance on the reality program “Keeping Up with the Kardashians” and for being the mother of Kim Kardashian, Kourtney, Khloe Kardashian, Kylie Jenner, and Kendall Jenner.
Early Life
Kris Jenner was born on November 5, 1955, in San Diego, California, to parents Mary Jo Shannon and Robert True Houghton. Her childhood was difficult, and she has described her father as having a noxious personality and her parents as being constantly at odds.
Her parents divorced when she was seven, and her mother was awarded sole custody of the children due to domestic issues. Robert fled the scene entirely, and Mary Jo raised Kris and her younger sister Karen in Clairemont, California. Later on, her mother remarried a man named Harry Shannon. In 1973, Kris earned his high school diploma from Clairemont. After high school, she did a stint working at a donut store, and she also worked for one year as a flight attendant for American Airlines.
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Family
On July 8, 1978, Kris wed Robert Kardashian. When they met, she was only seventeen years old. In addition to Rob, the couple had three daughters named Kourtney, Kim, and Khloe. During OJ Simpson’s murder prosecution in the 1990s, Robert Kardashian was well-known for serving as one of his powerful defense attorneys. Robert and Kristin separated in 1991. Robert passed away from esophageal cancer in 2003.
In 1991, Kris wed Olympic athlete and former Olympian Bruce Jenner. Five months after the meeting, they became engaged. Kendall and Kylie are Bruce and Kris’s two daughters. After their marriage, Kris became Jenner’s manager, negotiating endorsement agreements and promoting his career while directing the family’s franchise.
The divorce was formalized in December 2014, following the couple’s separation in June 2013. Bruce began to identify as female, then publicly came out as transgender in April 2015 and changed his name to Caitlyn.
Reality TV
In 2007, Kris Jenner met with producer Ryan Seacrest and proposed an idea for a reality show that would focus on Kris and her family’s lives as celebrity influencers in their everyday lives. She received the idea from television producer Deena Katz, who visited her eccentric home, was amused by what she saw, and recognized the potential for a reality program.
Seacrest had his own production company and sent a cameraman to document the family’s home life in their natural habitat. He reviewed the footage and decided to continue forward with the project, keeping the popular MTV show “The Osbournes” in mind as an inspiration. Consequently, “Keeping Up with the Kardashians” was created.
The program was acquired by the E! entertainment network, and Jenner assumed the role of executive producer. The show highlights the drama that comes with having a blended celebrity family with multiple children of comparable ages. It also concentrates on the personal and professional lives of the Kardashian and Jenner children. On its premiere date of 14 October 2007, “Keeping Up with the Kardashians” became one of the longest-running American reality television series.
From clothing, skincare, and fragrance lines to tell-all autobiographies, the family franchise is engaged in numerous industries. This series has spawned the spin-offs “Kourtney and Khloe Take Miami,” “Kourtney and Kim Take New York,” and “Khloe and Lamar.”
Kris debuted her own daytime talk program in 2013, but it was not renewed due to low viewership.
In 2022, Hulu premiered the family’s new series, “The Kardashians,” which was recently renewed for a third season.
KKW Beauty
Together with her daughter Kim Kardashian, Kris Jenner founded the cosmetics company KKW Beauty in 2017. In June 2020, Coty Inc., a cosmetics conglomerate, acquired a 20% stake in KKW for $200 million, valuing the company at $1 billion. Kris owned 8% of KKW at the time of the sale. On paper, after the transaction, those 8% were worth $80 million before taxes.
Kylie Cosmetics
Also, a silent partner in Kylie Cosmetics was Kris. When the same company, Coty Inc., purchased a 51% stake in Kylie Cosmetics for $600 million in November 2019, it was revealed that Kris owned a 10% stake. According to filings disclosed by Coty in the months following the sale, Kris sold half of her stake as part of the $600 million sale, resulting in a pre-tax gain of $30 million. The value of her remaining 5% stake was an additional $30 million.
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Personal Life
Jenner discovered she had a malignant bone lesion when she was eight years old. It did not metastasize, and after surgery to remove it, she was declared disease-free with no traces of the disease.
In her memoir, she confessed to infidelity during her time married to Robert, including repeated adultery with soccer player Todd Waterman, which eventually led to their divorce. Since 2014, Kris has dated entertainment industry executive Corey Gamble. Her junior by 25 years. Twelve grandchildren are hers as of 2023.
In 2012, she underwent a facelift and neck lift for Kim Kardashian’s wedding to Kris Humphries in order to appear her best for press photos on the big day.
Jenner appeared in the 2023 music video for Meghan Trainor’s single “Mother.”
Real Estate of Kris Jenner
Kris’ principal residence between 2017 and 2020 was a Calabasas mansion with six bedrooms that she purchased for $9.9 million in December 2017. It is directly across the street from Kim and Kanye’s residence. She sold this home off-market in August 2020 to Katharina Harf, the daughter of Peter Harf, the CEO of Coty Inc., the same company that purchased Kylie’s cosmetics business for $600 million.
She possesses a $12 million luxurious mansion in La Quinta, California (near Palm Springs). She also possesses the family’s former $4 million Hidden Hills mansion, which has been featured frequently on “Keeping Up with the Kardashians.” This residence is reportedly occupied by her son Rob Kardashian and his daughter from his relationship with ex-stripper Blac Chyna. Jenner additionally possesses a $20 million home in Hidden Hills adjacent to Khloe.
Summary
Kris Jenner, the astute matriarch of the Kardashian-Jenner family, commands a remarkable $170 million net worth as of the latest available data. Her journey from a challenging early life to becoming a reality TV icon, producer, businesswoman, and author is a testament to her resilience and entrepreneurial spirit. With her involvement in the iconic “Keeping Up with the Kardashians” series and successful business ventures like KKW Beauty and Kylie Cosmetics, Kris Jenner has skillfully leveraged her family’s fame into a multimillion-dollar empire, leaving an indelible mark on the world of entertainment and entrepreneurship.