The teen reality star just gained access to a privately-held trust account worth more than $300,000, documents seen by Radar confirm!
All child stars in California have 15% of their earnings placed into a trust, known as a Coogan’s Trust, that their parents — like momager Kris Jenner – and business managers cannot access.
The trust is named after 1920s child star Jackie Coogan, who found out he was penniless as an adult thanks to his alcoholic father.
Kendall reportedly has a net worth of $2 million, thanks to her frequent appearances on E! reality TV show Keeping Up with the Kardashians, her modeling career and a number of endorsements, including acting as a brand ambassador for Seventeen Magazine.
As RadarOnline.com previously reported, in 2012, she pocketed $100,000 for lending her name to OPI nail polish, of which 15 percent, or $15,000, was deposited into her Coogan’s Trust account.