KYLIE Jenner is the latest in her famous family to take out three massive home mortgages - totaling $16.25million - to stack up her $80million property portfolio.
The entrepreneur may be one of the richest out of the Kardashian/Jenner clan with a net worth of around $600million, but she's been taking out colossal home loans on property in LA.
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Her sprawling estate, which she bought for $36.5million in the Holmby Hills area, features seven bedrooms, 14 baths, a swimming pool, a cinema, and a chef's kitchen.
But according to property records, the beauty mogul, 25, didn't buy it outright and has a whopping $7.5million mortgage on the estate.
As The U.S. Sun previously reported this month, the family is not afraid of racking up huge debts on their properties, totaling over $150million on estates owned by Kylie, mom Kris, and sisters Kim, Khloe, Kourtney, and Kendall.
Like a lot of celebrity business deals, the mega-rich family goes through trusts, which are linked to their long-term 'money man' Lester Knispel and controversial business manager Lou Taylor, who has been linked to Britney Spears.
In November 2021, Lou's company Tri Star Sports and Entertainment Group insisted they had nothing to do with the pop star being monitored or controlled through her medication during the 13-year-long conservatorship under dad Jamie, with Lou being involved for 11 of those years.
SHARED PAD
Kylie also retains a stunning $12.5 million pad in Hidden Hills, where all the family owns properties.
The eight-bed, 11-bath mansion has a whopping mortgage on the place of $6millon from JP Morgan Chase Bank after she bought the home in September 2016 through a trust linked to Taylor and Knispel.
The borrowing didn't stop there, as just over two years later, she bought a place with baby daddy Travis Scott for $13.45 million in Beverly Hills shortly after the birth of their daughter Stormi, now four, in October 2018.
Yet that seven-bed, 10-bathroom place also comes with a $2.75 million home loan from First Tennessee Bank National Association and is currently owned by The Alice In Wonderland Trust, again, linked to Lou Taylor.
It is unclear how much time former couple Kylie and Travis, who welcomed their son in February, spent at the house together.
The U.S. Sun previously revealed that the two had separate living arrangements even before the separation, which Travis preferred to maintain his creativity.
A source explained at the time: "Travis insists he needs his own place - saying to Kylie it has nothing to do with how he feels about her or the children, but that he can't be a music star and a dad together.
"When he's with her and the kids, he's 100 percent in daddy mode, but when he's at his home, he's working on his career."
NEW BUILD
The only place that is mortgage-free is a plot of land Kylie bought for $3.25million in February 2019, next door to momager Kris, at the Madison Club in La Quinta, an exclusive golf club and gated community, where she's now building a stunning mansion.
The property is owned by Springers LLC, with records showing the same address as Lou Taylor’s Tri-Star.
The star also purchased a vacant five-acre plot in Hidden Hills for just under $15 million in April 2020 and was previously owned by Miley Cyrus, with the old house being bulldozed.
Kylie is now creating yet another mega-mansion, with photographs showing work finally being done on the land after the pandemic.
Pictures obtained by The U.S. Sun show there is now a sign of action and the star has planning permission to build a new mansion to add to her ever-growing property portfolio.
One aerial snap details how she has stabilized the slope on the plot with a new fence and pillars, while construction vehicles are seen parked up ready for work to begin in the coming weeks.
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According to Dirt.com, Kylie snapped up the lot in an off-market deal and an online brochure says the area was delivered "shovel ready" enabling the buyer to build their dream home from the ground up.
That's owned by the Long Valley Living LLC, yet again, a firm linked to Lou Taylor.
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