Money

7 Ways Kylie Jenner Could Use the $320,000 Tyga Spent on Her Ferrari

August 18th 2015

By:
Laura Donovan

Earlier this month, Kylie Jenner received a $320,000 Ferrari from rumored boyfriend Tyga for her 18th birthday. Kylie, who is the youngest member of the Kardashian and Jenner clan, celebrated her birthday on social media, saying the report that she crashed the vehicle was just a rumor:

 

A photo posted by King Kylie (@kyliejenner) on

Kylie, who is reportedly worth $5 million, also has a G-Wagon and a Range Rover, which she's now selling. When many people criticized then-underage Kylie for dating 25-year-old Tyga, her sister Khloe Kardashian came to her defense and said that Kylie is not like most women her age anyway.

"Kylie is not a normal 17-year-old," Kardashian told Complex in a recent interview. "You're not gonna say, 'Hey, so what are you doing this weekend?' and have her say, 'Having a slumber party at my girlfriend's,' or 'Going to prom.' That's not what Kylie does. Kylie is taking business meetings and bought her first house, or she’s going on a private plane with Karl Lagerfeld to take a meeting. That's not even what people do in their 30s. It's a rare circumstance, so let’s treat this as a special case."

Kardashian raises some good points about her little sibling, but it's hard to justify a $320,000 car, especially when you already have at least one. Many people on the internet celebrated Tyga's generosity in buying Kylie such a lavish birthday gift, but here are some other ways to spend $320,000.

1. Two private school college degrees, more than eight degrees at in-state colleges, and 3.5 out-of-state degrees

 

A photo posted by King Kylie (@kyliejenner) on

As ATTN: has noted many times, college is expensive. Tuition is rising at many institutions, student debt is a nightmare, and increased textbook costs compound the numerous expenses of college.

 
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Every year, countless Americans drain their finances for higher education in hopes of having a good career and overall future. Kylie's Ferrari alone, however, is more expensive than two private college degrees.

By crunching tuition data averages from College Data, I found that you can buy two private college degrees, more than eight college degrees as an in-state public college student, and more than three degrees as an out-of-state college student. Kylie is successful businesswoman for sure, but she could go to college multiple times with $320,000. She could also emulate basketball legend LeBron James and pay for more than 1,000 kids to attend college.

“As a kid growing up in the inner city and as an African-American kid, you don’t really think past high school because it’s not possible or your family can’t support you,” James said in a recent interview with ESPN. “For us to be able to do something like this… it means so much.”

2. Buy two homes in Tucson, Arizona

Tucson

In sunny Tucson, Arizona, the average home price is $126,300, so there you can purchase not one but two places to live with less than $320,000. It may not be as appealing as Los Angeles, where the average home price is $570,500, but you still get sunshine year-round. You can also get this three-bedroom house in Atlanta for under $300,000 and this Chicago condo for a little more than $311,000.

3. Thousands of grocery store visits to feed a family of four

Grocery store

In 2013, the U.S. Department of Agriculture found that it costs $146 to $289 per week for a family of four to eat a healthy diet. For families who live on a weekly budget of $289, they could go on more than 1,107 grocery store trips with $320,000. On a budget of $146 per week, you can make 2,191 trips to the grocery store with that amount of money.

4. Make another donation to a children's hospital

 

A photo posted by King Kylie (@kyliejenner) on

Kylie is known for being charitable, and she deserves recognition for her work. Last year, she and Tyga fed the homeless for Thanksgiving and donated toys to children during the holiday season. She and her family also raised more than $270,000 last year for charity by selling old clothes on eBay. Two years ago, the family held a yard sale to benefit No Kid Hungry and Greater Los Angeles Fisher House Foundation:

With her reported $5 million net worth, Kylie could likely make a $320,000 donation to charity if she wanted to ditch the Ferrari in favor of her current cars. She's shown great generosity and compassion for charities in the past, so it wouldn't be surprising if she made this decision.

5. Save for retirement

 

A photo posted by King Kylie (@kyliejenner) on

Even though she's worth millions, Kylie and her family members enjoy living lavishly, and one day, their franchise won't be able to hold any longer (although it has remarkably managed to sustain popularity for nearly a decade). That's why it's never too early to think about retirement. Many celebrities skyrocket to fame and fortune too quickly and ultimately squander much of their earnings, but if Kylie begins (or continues) planning for retirement now, she can avoid this fate, which would probably be difficult for her as she and her relatives love shopping and buying nice things.

6. Donate to the transgender community

In the past year, Bruce Jenner, Kylie's father, transitioned to Caitlyn Jenner and got her own show to document the experience on E!. Kylie has been publicly supportive of Caitlyn, and she could demonstrate even more support for the trans community by donating to different crowdfunding pages and services for trans people. Gender reassignment surgery can cost tens of thousands of dollars, so $320,000 could potentially finance multiple transitions for people who cannot afford the process on their own. This could be a gain for Caitlyn's image in the trans community, as, for better or worse, she has been criticized many times for her privilege and access to resources, which has been unlike many experiences for trans people.

 
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7. Donate to fans in need

Earlier this year, musical sensation Taylor Swift made headlines when she donated $50,000 to a fan with cancer.

Like Taylor, Kylie is highly popular on social media with 11 million Twitter followers and 30 million Instagram followers on top of her role as the most-watched person on SnapChat, so surely at least one of her fans could use a little financial help too: