February 14, 2016 4:14 pm
Updated: February 14, 2016 9:47 pm

Kanye West claims to be $53 million US in debt

Kanye West appears at the Brother Vellies Spring 2016 collection presentation during Fashion Week in New York in this Sept. 10, 2015 file photo.


Just before making an appearance on Saturday Night Live, Kanye West dropped another stunning tweet upon his 18.8 million followers.

The celebrity musician claims to be $53 million US in debt.

Story continues below
Global News

West, who has been causing controversy left and right on Twitter over the past few weeks, is reportedly taking home $20-million US a year, according to Forbes magazine.

His wife, Kim Kardashian, brings another $10-million US to the family fortune per annum, so while it may seem difficult to believe, West has also managed to accrue some pretty heavy debts along the way.

He told BET that he lost $16-million US trying to launch his Yeezus fashion label.

“I was trying to play a sport that’s a billionaire sport,” West said. “It’s not a millionaire sport and I’m proud of the debt.”

Another report pegs the total losses closer to the $30-million US.

The Wests are said to have spent around $24-million US on their current home and the neighbouring property which may also be part of the problem, according to realtor.com. Mortgage payments on a property that expensive have to be a pain.

Or perhaps, West is simply trolling his Twitter followers.

Another, (more infamous) celebrity Twitter troll, Martin Shkreli, offered West $10-million US to become the sole owner of West’s new  The Life of Pablo  album, which was released Saturday night after his appearance on SNL. Maybe West missed a big opportunity to pay down some of his debt by not taking the former Pharma Exac up on his offer.

Early Sunday morning, West sent out a couple of additional tweets which suggested that Facebook founder Mark Zuckerberg will come to his rescue once he realizes just how special West is.

© 2016 Shaw Media

Report an error


Global News