Happy Birthday & Ka-Ching! Turning 18 Just Scored Kendall Jenner BIG Bucks
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.
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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.