North West: Why Kanye West Is Giving Her $10M To Spend At Age 21

North West is going to have one incredible 21st birthday! As a source reveals to HollywoodLife.com EXCLUSIVELY, Kanye West and wife Kim Kardashian have set aside $10 million for their bundle of joy to receive when she hits drinking age. Is that a good idea?

There's no question that North West, 1, has one of the most privileged childhoods. A source revealed EXCLUSIVELY to HollywoodLife.com that her loving dad, Kanye West, 37, is planning to bestow Nori with $10 million when she turns twenty-one so she, 'won't have to work a day in her life.'

North West's Trust - Kanye West Planning Far Ahead

It is certainly no secret that Kanye and Kim Kardashian, 34, are crazy about their little girl, but a source told HollywoodLife.com exclusively that North is always going to be living the life of luxury.

Our source said, 'his decisions these days are for Nori and her future. He's trying to set Nori up where she won't have to work a day in her life,' our insider dished. 'He wants her to create, innovate, and leave her mark on this world. And he's planning for her future as we speak.'

'He and Kim already put $5 million each into an account for her that she can have free and clear when she turns 21,' our insider added. 'He's trying to add to that and that chump change in Vegas ain't enough.'

$10 million is quite a lot of money, but our source revealed that by the time North is 21-years-old, it may not be in her mind. 'It's simple. He wants her to always live the life she's going to be accustomed to. That's just spending money for her when she reaches 21,' our source said. 'They got a whole lot more set up for her in case something were to happen to both he or Kim.'

It sounds like Kanye does not want the apple to fall far from the tree. 'That's just how Kanye is,' our source said. 'He's got it to spend and he's living like a king and he wants the same for Nori.'

Take Our Poll

North West's Birthday Gift To Kim

North may just be 16-months-old, but she has already proven that she has quite the eye! As HollywoodLife.com previously reported, for Kim's birthday she received a purse painted by North herself.

Kim dished to OK! Magazine, that she received a note that said 'play' that showed North outside painting the purse. Later in the day Kim received the physical purse and told the publication, 'I thought it was an artist that painted this purse,' she revealed. 'And it was my daughter and it was amazing and I have it on video and the purse.'

What do YOU think, HollywoodLifers? Do you think it's a good idea for North to be handed that much money? Let us know your thoughts below!

- Written by Caitlin Beck, Reporting by Eric Ray More North West News: Kim Kardashian Reveals Touching Birthday Gift From North West Kim Kardashian: North West Doesn't Like Pink Girly Clothes North West: How Kim Kardashian Will Make Sure She's Not Spoiled