Kanye is one of the most successful people in the world of music — has been for a long time — which makes it especially confounding he confessed to being $53 million in debt.
Kanye tweeted Saturday night, “I write this to you my brothers while still $53 million dollars in personal debt,” adding “Please pray we overcome.”
He even asked Facebook CEO Mark Zuckerberg to help a brutha out…
All the estimates you read about are guesses, but Kanye’s net worth is often estimated at somewhere north of $100 mil and Kim Kardashian adds nearly $50 mil to the pot, probably more.
FYI…The answer to that $53 million question — how the hell is Kanye West that deep in debt — is that he isn’t, but he does spend a ton … on himself.
Sources say the number — $53 mil — reflects how much dough ‘Ye has invested in his own companies related to fashion and music. For instance, we’re told he’s sunk $40 million alone into 3 seasons worth of Yeezy fashion!
Yeezy shoes are all the rage now, but we’re told Kanye didn’t get a dime from Nike when he created the first gen of the shoe. He funded the design out of his own pocket.
Additionally, we’re told he spent several hundred thousand to build sets for his last tour, and to make his 2012 short film, “Cruel Summer.”
The good news for Kanye is he’ll make back his investment because he earns like crazy — $22 million in 2015 and $30 million in 2014, according to Forbes.
(Source Cowan: Black Media Scoop)