Money Bags Instead of Designer Bags: Kim Zolciak Sells Luxury Goods Amid Financial Woes
Atlanta socialite and former Real Housewives star Kim Zolciak is cleaning out her closet and selling off high-end designer goods to raise cash amid financial turmoil. The blonde bombshell, known for her over-the-top fashion sense, took to Instagram this week to hawk Balmain heels, Gucci boots, Chanel and Louis Vuitton bags, and more. Sources say the one-time reality star is desperate for money after being slammed with massive tax debts and unpaid credit card bills.”I’ve got some amazing things for sale!” gushed Zolciak in an Instagram story, showcasing a trove of luxury labels favored by the fashion elite. First up: a pair of gold croc-embossed leather Balmain stiletto sandals, yours for just $600. “Gorgeous heels, only worn once for a photo shoot,” said Zolciak. Next she displayed a pair of thigh-high black leather Gucci boots, gently used but in pristine condition, offered at a steal of $1,250.But the crown jewels of Kim’s sale were the handbags. “I’m ready to part with this beauty,” she said of a rare jumbo double flap Chanel bag in black caviar leather with gold hardware. The social media influencer is letting it go for $7,500. Kim also has not one but three Louis Vuitton monogram canvas bags up for grabs, each priced at upwards of $3,500.While Zolciak didn’t explain the motivation behind her sales spree, sources say she’s in dire financial straits. She and husband Kroy Biermann, a former NFL player, reportedly owe $1.1 million in unpaid taxes to the IRS. The couple has also been sued by multiple credit card companies for unpaid bills totaling six figures. They’ve been selling off assets for months to stay afloat.
“Kim’s having to liquidate all the designer clothes, shoes, and handbags she loves so much just to pay the bills,” said an insider. “Her lavish lifestyle has finally caught up with her.”The financial turmoil has also put strain on Kim and Kroy’s marriage. The pair initially filed for divorce back in May but changed their minds in July. However, Kroy filed again for divorce in August. Lawyers say the couple’s money problems have caused endless fights over finances. Kroy even claims he’s already sold some of his own designer wardrobe and “personal items” to help pay off debts.Yet despite the tense divorce situation, Kim and Kroy were spotted on a romantic anniversary date night last weekend, proving they still have a spark. Sources say Kim is hopeful they can work through their issues.”She’s devastated at the thought of losing her opulent lifestyle,” said the insider. “Kim’s praying Kroy can find a way to bail them out of this mess.”In the meantime, fashionistas looking for designer deals should check Kim’s Instagram. She’s unloading her Balenciagas next!
