Kanye West’s $53 Million Debt, Explained

Kanye West’s $53 Million Debt, Explained

In the off opportunity you missed it, Kanye West, whom adorns their two-year-old child in pastel furs and has now boasted in rhyme about running suicide drills on private planes, delivered the social-media industrial complex into overdrive this weekend when he bashfully announced on Twitter which he had been $53 million in personal financial obligation. The impecuniousness, he noted, had been the results of following their fantasies within the fashion industry.

While commentators were perplexed by his lack of frugality, or astonishing excess of modesty, the over-leveraged rap icon’s state of affairs is a reflection regarding the brutally hard fashion business—an industry that needs significant upfront expenses and may guarantee little in return. Continue reading “Kanye West’s $53 Million Debt, Explained”