As the legal battle between Rob Kardashian and Blac Chyna continues, over child support and custody of their two-year-old daughter, Dream, new details have surfaced regarding Rob’s financial situation. In fact, as it turns out, the youngest of the Kardashian klan claims the legal back and forth, in addition to Chyna’s domestic violence restraining order has left him drained, both emotionally and financially.
In court documents obtained by the Blast, Rob says he was forced to sell half of his sock line to his mother, Kris Jenner, who “infused it with capital to keep it afloat” which left her with “a 50% share in the company.”
“Previously, the line’s success was in large part due to my regular posting and general promotion on social media,” he adds. “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.”
Not only has his limited social media presence affected his own business, but Rob also says it has forced him to forgo endorsement deals and earnings from brand promotions on social media. And to make matters worse, his financial woes have forced him to move back in with his mother.
“My income now is insufficient to pay for my expenses. As of Jan. 17, 2018, I am short nearly $300,000 which my accountant projects I will need to pay for my 2017 tax liabilities. I no longer own a home. I now live in my mother’s home,” Rob said in his docs, as Kris confirmed in her declaration.
“I helped Robert with his sock line business, Arthur George. I infused the business with capital, purchased goods, and set up distribution and fulfillment centers amongst other tasks. In exchange for the work I did and the money I put in, I acquired 50% interest in the business,” she said.
In the meantime, Rob maintains Chyna is rich, with over $1.4 million in the bank, $1 million in stocks, bonds and other assets, with an additional $500k in other property. In addition to all that, Rob says his baby mama makes well over $60k a month from her business.
Despite the fact that Rob agreed to a $20k a month child support payment, sources say it was only to get Chyna to drop the restraining order. In the meantime, the two are due back in court in December to settle the dispute.