Credit: E!

Reality TV titans the Kardashians are known as much for their lavish lifestyle as they are for their crazy reality TV antics. Kardashi-fans can always get an eyeful of luxury vacations, over-the-top homes and (DUH) clothes, clothes and more clothes—and that stuff ain’t cheap. But according to Star magazine, the Kardashian-Jenner family is secretly totally in debt! Twist!

What’s to blame? Well, they’re reportedly, “spending money faster than they make it,” on things like their love of insanely expensive cars and Kim’s out of control shopping habit, to name just a few of their reported financial problems.

“They do a great job of keeping it quiet—they are the ultimate fraudsters in that sense—but their burn rate is out of control, and so many of their businesses and endorsements have been failures,” a source told the mag.

Failures? Is that even possible? These folks get paid just to arrive at parties, and it’s hard to mess that up. Even the legal problems with their Khroma Beauty line didn’t take money of the Kardashians pockets.  

Yes, teenage Kendall Jenner has a $90,000 Range Rover and Khloe Kardashian has a $500,000 Rolls-Royce Phantom, but evidently the worst offender is Kim.

“Kim is a shopaholic!” the source said. “She spends $350,000 a month on her credit cards. She pays hundreds of thousands of dollars for designers to custom-make clothes for her, and she spent millions on Louis Vuitton handbags to match each outfit.”

Well then, it’s a good thing we hear she’s worth $40 million, isn’t it! Also, we’re sure Kanye is giving her the Cartier/Givenchy hook-up, and when it comes to bags, she really prefers Hermes. Come on now.


Source: Star magazine via GossipCop