Tax returns show Caitlyn Jenner’s income has fallen sharply

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SACRAMENTO, Calif. (AP) – Caitlyn Jenner’s earnings have plummeted in recent years, dropping from a high of $ 2.5 million in 2016 when she had her own reality show to $ 550,000, according to tax returns.

Jenner is among the candidates for Governor Gavin Newsom’s upcoming recall election in California. All applicants were required to release their tax returns for the past five years before last Friday, although Jenner and many other applicants only submitted four years because they had not yet filed their 2020 returns.

Jenner was the 1976 Olympic decathlon gold medalist who married Kris Jenner and appeared with her on the “Keeping Up with the Kardashians” reality show. Jenner came out as a transgender woman in 2015.

His tax returns offer insight into how his fame has benefited him financially.

She earned $ 1.9 million in 2017, when her memoir “Secrets of My Life” was released, and $ 2.5 million in 2016, which was the second season of her reality show “I Am Cait. “. She made about $ 1.5 million on the book. The tax returns didn’t immediately show how much Jenner was making from the show.

Jenner’s income was around $ 550,000 in 2018 and 2019. Much of it came from an entity called Team Tours Inc. and its company, Cait’s World. Her campaign did not respond to a request for comment on the type of work Jenner has done for either company.

She also earned income and paid taxes in Australia, Greece, Indonesia, UK and Ireland. By far she did the most in Australia, where her 2019 tax returns show gross income of $ 320,000. That year, she appeared on the British show “I’m a Celebrity… Get Me Out of Here”, which was set in Australia.

Jenner is currently in Australia to form a famous version of the “Big Brother” reality show.

All of Jenner’s charitable donations have gone to her Caitlyn Jenner Foundation, which states on its website that it provides grants to organizations that empower transgender people.

Candidates for governor were also required to file declarations of economic interest showing their investments. Jenner’s forms show she owns shares in dozens of companies, including investments worth $ 10,000 to $ 100,000 in California-based Facebook and Google. It has investments of up to $ 10,000 in Boeing, Wells Fargo, Berkshire Hathaway and many other companies.

The statement values ​​Cait’s World and CJ Memories, its publishing entity, between $ 100,000 and $ 1 million. She also owns an aircraft holding company called Caitlyn Aviation and is a passive investor in Luma Sun Care Inc., a skin care company run by her partner Sophia Hutchins.

Newsom released his 2019 tax returns in May, which showed he had earned $ 1.7 million, about half a million more than the year before, his last as lieutenant governor. Newsom’s campaign said he submitted his tax returns to the Secretary of State, although they were not posted online. As Newsom is not technically a candidate for recall, it was not required to file them.

The recall election is September 14. Here’s a look at the tax information for the other top Republicans among the 41 candidates:

-Kevin Faulconer, Republican and former mayor of San Diego, earned between $ 69,000 and $ 80,000 in mayor’s salary per year from 2016 to 2019. He also did not file his 2020 returns. Faulconer jointly filed with his wife, who runs an events business in San Diego. The couple’s charitable donations were donations to Goodwill.

—John Cox, a multi-millionaire Republican businessman who lost to Newsom in 2018, had $ 0 taxable income in 2019 after recording losses on some of the apartment complexes he owns and taking deductions, including 139 $ 000 in charitable donations.

—Mp Kevin Kiley reported income of $ 113,000 in 2020, including about $ 1,400 from the sale of cattle from Ose-Kiley Cattle, the company he owns with the former Republican representative of the United States Doug Ose, another candidate for the recall election. He also said he received more than $ 10,000 in loan repayment assistance from his alma mater, Yale Law School. Kiley paid about $ 18,000 in federal tax that year and was eligible for a refund of about $ 1,600. He’s a Republican.

– Real estate investor Ose and his wife, jointly filing, reported income of approximately $ 717,000 in 2019, the most recent year available. Their tax bill was $ 193,000, but they had made total payments of $ 260,000 and therefore were eligible for a refund of $ 67,000.

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Associated Press writer Michael R. Blood contributed from Los Angeles.

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