It’s always astonishing when celebrities who earn millions a year somehow end up broke, but it’s not all that uncommon.
It’s especially shocking when stars who are as obsessed with finances and status as the Kardashians go broke, but one source claims the cash-strapped clan is teetering on the brink of financial ruin,
“The family needs a miracle to save them from hemorrhaging their dwindling cash,” a source close to the situation tells Radar Online.
How is this possible for a family that never misses an opportunity to shill a new product or otherwise profit from their famous last name?
Well, the source says a number of factors have contributed to the Kard clans’ current woes, including declining Keeping Up With the Kardashians ratings, extravagant spending, lawsuits, and broke-ass boyfriends.
That last one may come as a surprise, as for the most part, the ladies gravitate toward men who are already successful, but with Kylie paying Tyga’s rent, Kourtney continuing to help Scott financially, and Kris Jenner reportedly keeping Corey Gamble around with an allowance, it seems the gals are learning the hard way that “successful” and “able to keep up with a Kardashian’s lifestyle” are two different things.
Add to that the fact that the family is on the hook for nearly $ 200 million in various pending lawsuits, and it’s not hard to see thwy they might be growing concerned.
The source says Kris and kompany thought Kanye was the solution to their money troubles, but West’s $ 53 milllion in debt have only made the situation worse.
“They all got pretty complacent about money when Kanye came on the scene, but turns out he’s worse with money than they are,” says the insider.
Unfortunately, it seems Kim has done little (read: nothing) to curb her outrageous spending.
“She “blows over $ 300k a month on shopping alone – and that’s just not sustainable,” says the source.
“Kris is tearing her hair out with worry — there’s way too much going out and not enough coming in,” the insider adds.
“This family is headed for real trouble if they don’t start turning things around fast.”
They really should start a Go Fund Me page.
We’re sure there’s lots of sympathy out there for a family of wildly privileged, self-described “socialites” who burned through their vast fortune with bad decisions.