Everyone who knows Kris Jenner today sees the glamour that trails all her business exploits in the fashion and showbiz industries.
However, she revealed during an interview with the Wall Street Journal (WSJ) that money has not always been a good acquaintance of hers. There was a period in Kris Jenner’s adulthood when she was quite bad at managing money.
Coming Clean About a Previous Ignorance
In a 2021 issue of the WSJ, Jenner admitted getting a hang of her finances only after parting ways with her first husband.
68-year-old Jenner told WSJ that before separating from her then-husband, Robert Kardashian, “she never paid a bill.” This was not due to her lack of intent or virtue but because Jenner did not have to.
The Bliss of Not Paying Bills
During their 13 years of marriage, Jenner recalled how she stood on the fringes and allowed Robert Kardashian to handle everything financially related to the family.
After the divorce, Jenner had to learn the ropes of basic finance for herself. Robert Kardashian unfortunately passed away in 2003 from the complications of oesophageal cancer.
Imagine Not Knowing How Much Your House’s Worth
Jenner explains a scenario that played out when the modalities of her first divorce were still in the pipeline. Her friend, Shelli Azoff, randomly asked how much her then family paid their gardener. Jenner remembered that she shamefully had to acknowledge her ignorance of that detail.
That exchange jarred Jenner back to reality about the need to up her game.
The Foundation of Financial Freedom is Responsibility
After Azoff’s inquisition, Jenner became intentional about learning everything she’d left off to be handled by Mr Kardashian.
Jenner said of that conversation, “That was the turning point for me: I was embarrassed that I didn’t know. I woke up one day to responsibilities that I hadn’t had the day before. And I needed to figure it out.”
Redeeming Back the Financial Times
Fortunately, Jenner is fast-witted, so she made up for her ignorance by exploiting her ability to learn on the fly. Another motivating factor for Jenner was the sense of accomplishment she felt when making her own money, paying bills, and filing taxes.
The excitement she experienced was like that of a kid who had just received their first allowance, only that this financial kid was a full-blown adult.
The Peace of Being On Tabs with Your Finances
After Jenner’s transition out of financial illiteracy, even when she didn’t have a lot of money, she was seldom agitated as she was tracking her finances and could easily predict when the subsequent inflow was to come.
At that point, Jenner’s financial freedom and peace of mind were in alignment, all thanks to the organization of her personal finances.
Financial Literacy Can Be Contagious
Interestingly, after coming off her financial limbo, where she was void of any awareness of her financial status, her transition started rubbing off on the people closest to her.
In no time, Jenner became the sole manager of the careers of all her famous children. It’s like someone who had an epiphany about buying a red car; red cars pop up everywhere they go.
How to Live and Breathe Financial Management
Jenner discovered herself to be a natural at business management. She studied successful businesses around the world to identify what they were doing right.
Next stop, Jenner incorporates whatever she learns in her personal business concerns. “I’m interested in different ways that people make money—and in what’s happening around the world,” she says.
Becoming a Full-blown Entrepreneur
Forbes has estimated Jenner’s net worth to be north of $190 million. Besides what she earns from managing all her media concerns, it is reported that she has launched a new cleaning line in partnership with Chrissy Teigen.
The concept behind their business, Safely, is preventive self-care products and plant-powered cleaning in the home.
Serve the Planet and the Universe Rewards With Riches
About her involvement with Safely, Jenner shared with WSJ that she was inspired to hop on the idea because she wanted to contribute her little quota towards attaining a net green planet.
Safely’s signature products are climate-friendly cleaners, sanitizers, and soaps largely scented with natural aroma compounds. Jenner is basically gunning for an outlived legacy.
Personal Needs Often Births Business Ideas
Then there is also the case of keeping her young damsels, the Kardashians, safe from artificial care products that have largely chemical bases. Interestingly, Kylie Jenner, Kris’ young daughter, now has a care product line that is worth billions of dollars.
Safely was conceived and set rolling during the pandemic, a perfect stitch in time.