Kanye West went on a lengthy rant recently, and one of the things he said was that he’s $53 million in personal debt. He then called on his fans to pony-up money to listen to his latest album, which hasn’t been officially released but is available on the streaming service, Tidal.
I write this to you my brothers while still 53 million dollars in personal debt… Please pray we overcome… This is my true heart…
— KANYE WEST (@kanyewest) February 14, 2016
Reasons why he might not be massively in debt:
1. Kanye West must have spent a pretty penny just months ago getting wife Kim Kardashian 150 Christmas presents. And we’re not talking 150 dollar store items- each one was extravagant.. The sign of troubled financial times? We think not.
2. He turned down a $10,000,000 offer to sell CEO villain Martin Shkreli the rights to album. Shrekli already owns the rights to an exclusive Wu Tang Clan album, so it would be quite the collection. Kanye didn’t respond to the offer, signaling maybe he’s not in the most desperate of times.
Reasons why he might be massively in debt:
1. He went on rant in October about in-app purchases in kids games, saying that every five minutes his daughter North purchases something. While in-app purchases are annoying, they’re not the most expensive thing in the world, and we’re surprised Kanye even noticed at all- unless he was carefully looking through his bills to keep an eye on spending.
2. He allegedly spends millions of dollars on some of the most superfluous items ever imagined.
This includes $2 million on ice cream and $2 million on Maybach toilet brush refills (????)
Verdict: No way. Publicity stunt. As one of the most powerful people in the industry, married to another powerful industry person, it’s extremely unlikely he’s $53 million in the hole. His net worth is often estimated to be $100 million, while his wife’s is estimated to be $50 million.
Could Kanye possibly be trying to play at the hearts of his fans to get more people to buy his new album? Sick, but possible.