THE finances of swat aristocrat Kanye West were put under the spotlight ever given his wife Kim Kardashian was held at gunpoint last year in Paris.
Here’s what we know about the College Dropout creator’s financial situation…
How much is Kanye West worth?
In 2014, Kanye placed as the 20th wealthiest luminary on the Forbes list, so where has all his happening gone?
Last February, Kanye repelled fans by making the proclamation that he was in a whole bucket of debt.
He confessed: “I write this to you my brothers while still 53 million dollars in personal debt… Please urge we overcome… This is my loyal heart…
“My dreams brought me into debt and I’m close to seeing the light of day.”
However, dogmatic failure in the US doesn’t indispensably meant you are totally broke.
Sometimes, it is simply used to manage debt or as an accounting procession and shouldn’t be interpreted as definition the debtor has no money.
Many people, including the new US President Donald Trump, have filed for failure mixed times.
But nonetheless Kanye claims he is lacking earthy cash, he really creates up for it in genuine estate.
I write this to you my brothers while still 53 million dollars in personal debt… Please urge we overcome… This is my loyal heart…
— KANYE WEST (@kanyewest) Feb 14, 2016
my dreams brought me into debt and I’m close to seeing the light of day…
— KANYE WEST (@kanyewest) Feb 16, 2016
Some accused the Grammy Award-winning artist of setting-up the heist to explain income on his insurance or boost ratings for the KUWTK reality show.
This total with the rapper’s debate cancellation, controversial rant, alleged sex fasten shock and divorce rumours have positively been a articulate indicate in new months.
But could the indictment have any grounds?
Here is all we know about Kanye’s debt and net worth…
In 2013, Kim and Kanye both changed into a £7million mansion, spending over £1.5million on renovations alone.
It was also reported that they purchased a £15.6million pad in Hidden Hills, California, which is still in the re-vamping process.
If that wasn’t enough, their skill sovereignty continues to stretch opposite the globe, as they’re residence owners in Paris and New York City.
How is he in debt?
The entrepreneurial 39-year-old has launched a series of opposite ventures, but not all of them have been successful.
In 2011, he attempted to recover a collection of high-end womenswear, but the oppulance panoply never done it to stores.
Following the unsuccessful business attempt, French founder of the French A.P.C. line Jean Touitou purported that the conform examination lost Kanye £23million.
Kanye’s costly ambience could be another reason because his bank change hit stone bottom.
Not only do his intemperate properties come at a price, he’s also owns a Mercedes Maybach, which costs almost £150,000.
The world-renowned music writer is also eminent for his generosity.
He has splurged on pricey gifts for Kim, including Birkin bags, a luxe Louis Vuitton fur cloak and a £3.5 million Lorraine Schwartz rendezvous ring.
It’s not just his partner that Kanye’s famous for, as he’s splashed the cash on interest of friends and other family members.
Not only did he buy his toddler North a solid tiara, it’s also been reported that he spent £26,000 on a golden skull present for associate recording artist Jay-Z.