Apparently, the reality star is in so much debt that he couldn’t sustain running the business anymore, and so, Kris Jenner helped him out.
According to The Blast, Rob racked up $300,000 in debt and had to sell half of his company to his manager. Officially though, the court documents state the Kris “infused it with capital…and from her infusion gained a 50 percent share in the company.”
What a nice way to put it.
Rob hasn’t been having the best of times lately, but honestly what does he expect?
In the summer of 2017, he shared nude photos on social media of his ex Blac Chyna. She then went to court to put a restraining order on him, and apparently since then his business has been going down.
The court documents stated: “Previously, the line’s success was in large part due to my regular posting and general promotion on social media. Angela’s request for a restraining order against me includes various prohibitions on what I could post online. In order to avoid any potential future issues, I nearly eliminated my social media presence.”
But let’s be honest, how far was he going to go with a sock line anyway?
This week it was also reported that Rob is now unable to pay his agreed upon $20,000 in child support and is going to court to get it lowered.