Happy Birthday & Ka-Ching! Turning 18 Just Scored Kendall Jenner BIG Bucks
Nov. 4 2013, Published 6:09 a.m. ET
Kendall Jenner came of age on Sunday, celebrating her 18th birthday, but the occasion proved to be a celebration for more than one reason, RadarOnline.com has learned.
The teen reality star just gained access to a privately-held trust account worth more than $300,000, documents seen by RadarOnline.com 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.
Never Miss an
Daily updates from the heart of Hollywood, right to your inbox
By entering your email and clicking Sign Up, you’re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.
