Brittany Barajas
Mr. Reuter
Econ
5/16/15
We all know who the Kardashian/Jenner family is, they’re insanely rich from their fashion sense, and their fame. First of all, their original father, Rob Kardashian was a good friend of a football player named O.J Simpson, and represented him in his murder trial. Robert won the case and, O.J was pleaded not guilty after all. So, this was the start of their economic growth as a wealthy family.
First off, the Kardashian sisters are all about fashion, they have their own scent, clothing line, and stores. They’ve all contributed in ideas, and all have connection with people all around. From the “Keeping Up With the Kardashians” show, their income is $10 million dollars per season, and that’s only for their show. Their other half of their millions is from the hair products, clothing line, Rob’s sock line, Kim’s Hollywood video game, Kardashian Kids clothing line. Added onto the family, is Kendall and Kylie’s recent sci-fi book.
With all the fame, of course the fans of this family is going to purchase whatever they can depending on the level of obsession. Each and every member has their own franchise with a million dollars to roll in. Depending on the type of product, and where it comes from, the price floor and ceiling can vary in different spots. In the past year, the Kardashian sisters has made over $240,000 dollars in profits just from their own beauty lines.
With all four Kardashian siblings, not one of them have under a million dollars. Kim is the richest of the entire family earning a net worth of 40 million, Kourtney with 15 million, Khloe with a 11 million, and the brother. Rob with a total of 2.75 million dollars from just appearances on the Dancing with the Stars show, and Keeping Up With the Kardashians, and his sock company.
While the Kardashians are one of the highest families on our Economic Pyramid, the rest are toward the middle, or bottom of it wishing he had the life of a millionaire.
It’s pretty crazy how much money you can make off of TV. The 10 million dollar income per season fact kind of confused me however. Is that the total the family makes or is that per person? Judging off of their net worth’s I would assume that the 10 million is split between the entire family. If you could have cleared that up a little more that would have been great, but overall I enjoyed your post.
ReplyDeleteI always thought it was kind of strange how the Kardashian became famous for almost doing nothing, but yet have such a big impact on society. I also think its crazy how one TV show can last so long and bring in so much money. Its interesting how they formed their own family brand from nothing and do so well for themselves.
ReplyDeleteThe Kardashians are that 1% that holds a lot all of America's money, it is just crazy to think about the money they are bringing in and spending everyday. The Kardashians all used their resources, their fame, to make them more money. The Kardashinas are the kind of people that are not affected by inflation, they have so much money that it doesn't even matter.
ReplyDeleteIt's crazy that this one family has made so much money from TV. I agree with Brianna when she says they have so much money that it doesn't even matter! I think it's interesting that each one of the family members tries to branch out and create new products or even books. It is amazing how American Media has allowed a family to become so influential for just being on TV.
ReplyDeleteThe Kardashians seem to make money off spending it or the marginal benefit is much greater than the cost for the family. With every new business adventure they potentially pull in new consumers adding to the ridiculous amount they already have. I can't imagine what the life of that 1% would be like but they give us a glimpse with the TV show. The kardashian's seems to just keep on being more in demand which leads the family to supply people with even more new things. It's all one big crazy cycle of "marketable" family with ideas and money.
ReplyDeleteWhen people talk about income inequality in this country, they probably keep the Kardashians in mind. It seems unfair that people can make so much money for doing essentially nothing, but they have built a successful Kardashian brand. The amount of money they have in one family - a few people, only - would mean the Lorenz curve would be bowed even more, indicating a higher level of income inequality in the US.
ReplyDeleteI think its crazy how the Kardashian's can make 10 million dollars per season of their show. The Kardashians are in the top 1% of american wealth. At first I couldn't believe how people can make so much money off of basically doing nothing, but they do have a very successful brand. I think it's interesting how each family member tries to create their own products like their clothing line, Rob’s sock line and Kim’s Hollywood video game.
ReplyDeleteI think its crazy how the Kardashian's can make 10 million dollars per season of their show. The Kardashians are in the top 1% of american wealth. At first I couldn't believe how people can make so much money off of basically doing nothing, but they do have a very successful brand. I think it's interesting how each family member tries to create their own products like their clothing line, Rob’s sock line and Kim’s Hollywood video game.
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ReplyDeleteIt is a little surprising that the Kardashians roll in million of dollars each year by simply being an already rich family. With every new business venture they potentially pull in more customers by already being famous which only add to the crazy amount they already have. It's crazy that this one family has made so much money from TV. I agree with Brianna when she says they have so much money that it doesn't even matter! I think it's interesting that each one of the family members tries to branch out and create new products or even books. It also brings into perspective the ever widening gap between the rich and the poor, there seems to be no middle ground any more.
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