The wealthy socialite went on to make her own fortune from her family's reality TV show Keeping Up with the Kardashians and its various spin-offs, as well as fashion and beauty projects and a lucrative cell phone app.

Kardashian, who is estimated to have a net worth of around $85 million (£53.1 million), has now opened up about her money and spending habits in a chat with Marketwatch.com, and declared that classes should be introduced in schools to help children learn how to manage their finances.

She tells the publication, "I was fortunate (that I had) my parents to teach me about credit and saving and things like that. It's nothing they teach you in school, and I really think that is unfortunate. I think classes on credit, and saving, and balancing a chequebook, which is so simple, should be taught in school because a lot of people don't know much about it."

The star goes on to reveal she has discovered that the more money she makes, the less she spends, adding, "I'm really conservative even though it seems like I buy a lot and I have a lot, I don't go crazy like I used to... I thought the more money I made, that I would spend more. And that's the opposite. The more money that I make, the more I want to save. I didn't think it would be like that and I've actually surprised myself."