'You cannot display your wealth and then be surprised that some people want to share it with you,' the designer told reporters after his Chanel show.
Lagerfeld had written Kardashian a note on Monday saying: 'Dearest Kim, we are all with you', after she was tied up and robbed at a luxury apartment in Paris.
But he criticized the celebrity for showing off her jewelry to her more than 100 million social media followers.
'If you're that famous and you put all your jewelry on the net, you go to hotels where nobody can come near to the room,' he said.
Kim tweeted a picture last week of a diamond ring worth around £3.5million which police said had been stolen in the early morning raid.
'I think it's a very bad thing for Paris but I don't understand why she was in a hotel with no security,' Lagerfeld said of the robbery, which made headlines across the world.
'Image wise, I think it is very bad. We make all of these efforts to make Paris appealing and then this happens. Apparently they were people from Eastern Europe.'
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