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Much like a sock, Rob Kardashian likes to go missing — only to re-emerge at the weirdest time, in the most unusual spot. Oh, there he is, hiding under the bed in a far-off guest room in Khloe's house. A sock also needs a partner in order to do its job properly. The partner always shows up, no matter where the other sock may have wandered off to. It can be counted on to remain in the dryer and show up after the cycle is complete. Much like Kris Jenner, it is the dependable one. What we're saying here is 'Rob sock' had to call in 'Kris sock' to help him stay useful — in other words, Kris had to buy 50 percent of Rob's company in order to save it. Is it ever really about socks? Rob thinks it is. We think perhaps at the bottom of this is a bitter, awful breakup with a genius momager using innocent socks as a cover up. Here's what happened.
Rob launched his sock line, Arthur George six years ago after waking up one day to discover he was “passionate about” those snuggly little warmers for our feet. “Socks are something I’ve always been passionate about,” he said. It was October 2012, when he revealed this to the world.
Then he met Blac Chyna, his ex-fiancée and the mother of his baby daughter, Dream. He now blames his ex for the downfall of his sock business. Rob claims all the bad press that stemmed from their relationship — including a domestic-violence restraining order and a continuing child support and custody battle.
The Blast reports that Rob kept the business successful at the start with “regular posting and general promotion on social media.” He claims Chyna ruined that because he had to get off social media to avoid further issues with her. “In order to avoid any potential future issues, I nearly eliminated my social media presence,” he says in the documents.
As a result, he lost endorsement deals and brand promotions, he says. He needed $300,000 to keep it afloat, so Kris “infused it with capital.” “When the business was struggling, my mother infused it with capital to keep it afloat, and from her infusion gained a 50 percent share in the company,” Rob said in court documents. Kris explained that she “infused the business with capital, purchased goods, and set up distribution and fulfillment centers amongst other tasks.”
Oh, he also moved in with Kris because of the whole sock saga. “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 2107 tax liabilities. I no longer own a home. I now live in my mother’s home," he claimed in court papers.
Rob is trying to pay less than the current $20,000 a month in child support to Chyna, and claims he was pressured to cough up the money because Chyna was threatening him with public humiliation. He also claims Chyna is rich, with over $1.4 million in cash and checking accounts, $1 million in stocks, bonds and other assets and $500,000 in other property. The Blast says “she makes over $60,000 a month in income from her various businesses.”
The exes are back in court in December.
Kris was wise (as usual) to take 50 percent of the company off Rob's hands (or feet). Chyna can't get her to pay child support, and it will be difficult to determine what exactly Rob is worth, if anything.
According to Rosen Law, there are child support guidelines that "mandate how much a person’s child support obligation is based on a standard formula. You enter each parent’s income, child care expenses, health insurance expenses for the child, and extraordinary expenses related to the child into a worksheet and get a number that represents the child support obligation owed. It’s pretty black and white, unless of course it is hard to calculate your income."
Calculating child support for an entrepreneur, which Rob technically is, can be extremely difficult. "Some entrepreneurs never actually take a paycheck from the business. In fact, entrepreneurs are often advised to pay themselves just enough to get by, at least until the business begins to turn a profit," Rosen reports. "Some take a set amount each month, while others take variable amounts depending on how the business is doing. Even some of the most famous entrepreneurs actually have little cash on hand; the wealth is tied up in the company. Because entrepreneurs are not your typical W-2 employees with salaries that reflect their true earnings, it can be hard to agree on an income to incorporate into the child support worksheet. Reconciling the guidelines for those with non-verifiable income can create quite a headache. The non-entrepreneur spouse will advocate that the entrepreneur makes more than the entrepreneur will claim he makes so that the amount of child support owed will be higher."
So Chyna will have to prove Rob is pulling in a hefty income in order to keep the $20,000-a-month payments. But, moving in with mom and claiming he is broke as a joke will certainly help his case.
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