How Kylie Jenner was able to afford that $2.7 million mansion
Kylie Jenner is a teenager who just bought a more expensive house than most adults will ever be able to afford in their lifetimes. How did this happen?
The 17-year-old just dropped a reported $2.7 million on a Calabasas, California, mansion just blocks from the homes of her sisters and mom, and it is absolutely stunning. For that price it had better be, right? But perhaps a better question is, how does a 17-year-old buy a house like that?
Let's look back at her career thus far. Kylie has appeared on Keeping Up With the Kardashians since 2007, as well as the spin-offs Kourtney and Khloé Take Miami, Khloé and Lamar, Kourtney and Kim Take Miami and Kourtney and Khloé Take the Hamptons. She got a cut of the OPI Kardashian Kolors nail polish collection, plus has her own hair extension biz. She and sister Kendall have a PacSun fashion collection, a jewelry line with Pascal Mouawad's Glamhouse, a shoe and handbag line with Steve Madden and last year they released a YA novel, Rebels: City of Indra.
But the timing of this purchase makes the real source of Kylie's cash clear. According to Page Six, the Kardashians have just inked a huge — and we mean huge — deal with E! for another four years of KUWTK as well as its various spin-offs. How much, exactly? Inside sources say the deal is worth $100 million.
"You'll be seeing a lot more of the Kardashian family," the source said. "This is a huge deal, which will see their involvement with the network and its digital properties expand well into the future."
So that means Kylie surely got a huge piece of the pie, since E! is said to be putting more focus on the younger generation of the clan.
Of course, since Kylie is a minor (and she doesn't seem to be emancipated) she can't just waltz into a bank and sign on the dotted line herself. We assume she had at least a little help from Kris and Bruce Jenner, or at least one of the two. Even if she is paying for the plush pad with her own cash, at least one of her parents would have to cosign, attorney John Kenney told Realtor.com.
"She cannot legally make the contract to purchase the house unless she is emancipated. But I'm sure it was her money that paid for it," he said. "She is the recipient of being inside an amazingly smart family," he said. "At the end of the day, Kardashians know how to make money — this is just another example."
Can Kris Jenner be our manager, please?