North West, the eldest child of Hollywood’s power couple Kim Kardashian and Kanye West turned 7 this year and has arguably led a pretty lavish and luxurious lifestyle up until this point. Apparently, North will never need to work a day in her life since she is reportedly set to inherit $10 million the moment she turns 21 years of age!
2019, a lucrative year for the It Couple
It’s no secret that money is not a problem in the Kardashian West household with both parents bringing in lucrative multi-million dollar business deals with brands like Adidas, Ralph Lauren, and COTY.
Just last year alone, Kanye West was reportedly the highest-paid artist with an annual income of $170 million, most of which came in the wake of his deal with Adidas for the Yeezy footwear line.
According to Forbes, Kanye is now officially a billionaire while Kim’s net worth has also shot up to $900 million after selling a stake of her beauty line KKW to COTY for $200 million.
$10 Million Pocket Money for a 21-Year-Old?
With a combined net worth of $2 billion, a trust fund of merely $10 million might seem like pocket change to the power couple and some of us might even be wondering why they decided to bequeath such a small portion of their fortune for their first-born.
Sources close to the family have reported that the trust fund must not be thought of as North’s entire inheritance but instead is intended to provide spending money for her during her early twenties to pursue creative ideas.
Allegedly, the couple have set aside large amounts of money for their children in case something was to happen to the two, but this has never been acknowledged by the family.
Like Father like Daughter
It is not confirmed if the couple intends to set up similar trust funds for their other three kids for their 21st birthday, but given their financial prowess, we doubt setting up multi-million dollar trust funds for their other children will be too much of a hassle.
According to sources, Kanye wants his kids to grow up without the financial worries that he himself and Kim had to contend with in their younger years. Kanye wishes his kids to instead focus their time and energy towards innovation and creative endeavors to leave their own mark on their world, following in the footsteps of their parents.