Kanye West’s $53 Million Debt, Explained

Kanye West’s $53 Million Debt, Explained

This weekend when he bashfully announced on Twitter that he was $53 million in personal debt on the off chance you missed it, Kanye West, who adorns his two-year-old daughter in pastel furs and has boasted in rhyme about running suicide drills on private planes, sent the social-media industrial complex into overdrive. The impecuniousness, he noted, ended up being the total outcome of after their fantasies into the fashion industry.

The over-leveraged rap icon’s state of affairs is a reflection of the brutally difficult fashion business—an industry that requires significant upfront costs and can promise little in return while commentators were perplexed by his lack of frugality, or surprising surplus of modesty. Continue reading Kanye West’s $53 Million Debt, Explained