Kanye West Announces He Has $53 Million in 'Personal Debt'

[Parizade]

Making more money doesn't solve anything if it just makes you think you can  spend more:

"Kanye West made a reference to being "$53 million dollars in personal debt" on Saturday, and now he wants Facebook billionaire Mark Zuckerberg's help."

http://www.people.com/article/kanye-west-twitter-53-million-debt-mark-zuckerberg-twitter-rhymefest

[slugline]

This sounds like GoFundMe, Celebrity Edition.

[TheAnonOne]

I wonder if 'Mark' called him on his birthday.

[Josiecat]

I'm sure Mark is writing the check right now..... not.

[MgoSam]

If only there was a way to bottle and market this man's arrogance, he would make an absolute fortunate....

This is a guy that publicly stopped a concert and refused to play until everyone got their feet, but was ever so gracious to allow people in a wheelchair or crutches to stay seating (he had security check to make sure that they actually were and not just making it up)

[pbkmaine]

I never thought I'd feel sorry for Kim Kardashian.

[MandalayVA]

On the rare occasions Kanye West crosses my mind, I wonder if he's really that much of a douchebag or just a gigantic troll.   

[Cottonswab]

Kanye West's dumbfuckery is a category unto itself.  Anyway, the reviews of his book on Amazon are easily the funniest collection of book reviews I have ever seen.  I would be willing to wager that the reviews are more entertaining than the actual book.

http://www.amazon.com/gp/product/0978967917?keywords=kanye%20west%20book&qid=1455560603&ref_=sr_1_2&sr=8-2

[StockBeard]

On the rare occasions Kanye West crosses my mind, I wonder if he's really that much of a douchebag or just a gigantic troll.   

+1
This has to be a gigantic troll...
(I've always wondered the same about Jean Claude Vandamme -  back when he was a thing - when he was basically saying complete random sh!t in interviews)

[Josiecat]

From what I've read about Zuckerburg, I think he's pretty frugal. 

[stlbrah]

Kanye West's dumbfuckery is a category unto itself.  Thinking along those lines, I wouldn't be surprised if he is nominated to be a vice presidential candidate... but I digress.  Anyway, the reviews of his book on Amazon are easily the funniest collection of book reviews I have ever seen.  I would be willing to wager that the reviews are more entertaining than the actual book.

http://www.amazon.com/gp/product/0978967917?keywords=kanye%20west%20book&qid=1455560603&ref_=sr_1_2&sr=8-2

check out these reviews lol. worth the read

http://www.amazon.com/Adidas-Yeezy-Boost-Black-Fabric/dp/B013XCKOL6/ref=sr_1_4?s=apparel&ie=UTF8&qid=1455592728&sr=1-4&nodeID=679255011&keywords=yeezy+boost+350

[MgoSam]

Kanye West's dumbfuckery is a category unto itself.  Thinking along those lines, I wouldn't be surprised if he is nominated to be a vice presidential candidate... but I digress.  Anyway, the reviews of his book on Amazon are easily the funniest collection of book reviews I have ever seen.  I would be willing to wager that the reviews are more entertaining than the actual book.

http://www.amazon.com/gp/product/0978967917?keywords=kanye%20west%20book&qid=1455560603&ref_=sr_1_2&sr=8-2

check out these reviews lol. worth the read

http://www.amazon.com/Adidas-Yeezy-Boost-Black-Fabric/dp/B013XCKOL6/ref=sr_1_4?s=apparel&ie=UTF8&qid=1455592728&sr=1-4&nodeID=679255011&keywords=yeezy+boost+350

I don't get it, what is with shoes that they are so overpriced and yet sell out (and can re-sell for way more)? Air Jordans cost like $200 and apparently sell well enough that MJ gets paid $100M annually in royalties....and apparently sales are so solid that analysts are predicting that his share will reach $200M by 2020.

[Indexer]

HOW?  How da %$$# do you get $53 million in debt?

Most people with that much debt own hotels and casinos.

I found this: http://www.hollywoodtake.com/kanye-wests-net-worth-problems-serious-strange-tweets-about-debt-and-mark-zuckerberg-leave-139641

It has more information, and more tweets. They are all very odd, and his net worth is estimated at 145 million, and that is a positive 145 million. So again, what could you spend that much money on?

If that was my full time job I doubt I could spend money that fast.

[I'm a red panda]

Perhaps Kanye should consider selling some of his stuff.

Or working to earn some money.  If he doesn't have the inclination to put out a new album or tour he could always pick up some side hustle hosting at clubs. LOL

[Parizade]

Update:

Kanye West explained in a new series of tweets on Monday that he’s still “rich,” despite previously claiming to be $53 million in debt, noting he needs “more money in order to bring more beautiful ideas to the world.” The rapper further asserted that, unlike him, other wealthy people “are always too cool to ask for help.”

http://www.msn.com/en-us/music/celebrity/kanye-west-explains-debt-im-rich-but-i-need-more-money/ar-BBpx5Rh?li=BBnb2gh&ocid=mailsignout

golly, I want to bring more beautiful ideas to the world too. Give me money folks!

[Elliot]

I've been following this meltdown on twitter. Very 2007 Britney. Not quite 2011 Charlie Sheen.

[astvilla]

Yeah but Kanye can easily make up that debt if he hunkers down (which it doesn't look like).

I think he's just trolling for attention and playing the media and people's emotions. 

[Parizade]

I've been following this meltdown on twitter. Very 2007 Britney. Not quite 2011 Charlie Sheen.

I agree, looks like his ego might be imploding.

[dudde_devaru]

Dave Ramsey said in his show last night that twitter went crazy hearing this debt! People suggesting him to use every dollar and sign up for FPU lol 😂😂😂

[jinga nation]

From what I've read about Zuckerburg, I think he's pretty frugal.

He better be, with an Asian wife. Or she will beat frugality into him.

MOD EDIT: Comments about particular races are not in line with the forum etiquette.

[Nederstash]

Must be great inspiration for a new album. 'Yeah baby, lemme see you bounce like these checks.'

[Parizade]

Must be great inspiration for a new album. 'Yeah baby, lemme see you bounce like these checks.'

He will need to find a better way to release his next album, the one he just released through his subscription service has been pirated over 500K times already.

http://www.theblaze.com/stories/2016/02/16/bad-news-continues-to-roll-in-for-kanye-west-his-new-album-has-been-pirated-more-than-500k-timesso-far/

That's gotta hurt!

[Parizade]

This sounds like GoFundMe, Celebrity Edition.

OMG, you called it! Kayne West has a GoFUndMe site now!

http://www.msn.com/en-us/music/celebrity/gofundme-campaign-launched-to-help-raise-dollar53-million-for-kanye-west/ar-BBpACcV?li=BBnb7Kz&ocid=mailsignout

[shelivesthedream]

From what I've read about Zuckerburg, I think he's pretty frugal.

He better be, with an Asian wife. Or she will beat frugality into him.

I don't think this is particularly appropriate, do you?

[TheGrimSqueaker]

This sounds like GoFundMe, Celebrity Edition.

OMG, you called it! Kayne West has a GoFUndMe site now!

http://www.msn.com/en-us/music/celebrity/gofundme-campaign-launched-to-help-raise-dollar53-million-for-kanye-west/ar-BBpACcV?li=BBnb7Kz&ocid=mailsignout

Are they sure it was really Kanye who set that up? Anyone can set up a GoFundMe site in someone else's name and there's a lot of fraud.

[Parizade]

This sounds like GoFundMe, Celebrity Edition.

OMG, you called it! Kayne West has a GoFUndMe site now!

http://www.msn.com/en-us/music/celebrity/gofundme-campaign-launched-to-help-raise-dollar53-million-for-kanye-west/ar-BBpACcV?li=BBnb7Kz&ocid=mailsignout

Are they sure it was really Kanye who set that up? Anyone can set up a GoFundMe site in someone else's name and there's a lot of fraud.

It wasn't set up by Kayne, it was set up by Jeremy Piatt. Piatt is the Co-founder and Creative Director at Paul Bunyan Design

[NoStacheOhio]

From what I've read about Zuckerburg, I think he's pretty frugal.

He better be, with an Asian wife. Or she will beat frugality into him.

I don't think this is particularly appropriate, do you?

I was about to post the same reply. That seems pretty offensive.

[coolistdude]

Dave Ramsey said in his show last night that twitter went crazy hearing this debt! People suggesting him to use every dollar and sign up for FPU lol 😂😂😂

Hahahah! This cracks me up. It's sad when people who make less than $50k/yr have more liquidity (maybe even a higher net worth) than the truly bad with money celebrities. It goes back to the idea of when much is given to you, much is expected.

[onehair]

I think Kanye is lying for publicity myself but I could be mistaken.  I do believe if he was truly broke Kim would be long gone lol....

[Elliot]

Why? She has a fortune of her own, which she earned in her own right.

[zephyr911]

Why? She has a fortune of her own, which she earned in her own right.

Yeah, but she ain't messin' with no broke-

[shotgunwilly]

Why? She has a fortune of her own, which she earned in her own right.

HAHA

[Elliot]

Why? She has a fortune of her own, which she earned in her own right.

Yeah, but she ain't messin' with no broke-

18 years, 18 years.

[TheGrimSqueaker]

I've long suspected that Kanye is mentally retarded.

He's just acting like one of those famous-for-being-famous attention whores. Sort of like Miley Cyrus with melanin and a Y chromosome, except without the vocal skill.

[One Noisy Cat]

I would say I keep trying to figure out what exactly Kanye West does except I still have not figured out what Puff Daddy does. Hell, I still don't know why Zsa Zsa Gabor is famous.


I just hope this isn't a sign of something seriously wrong mentally, like bipolar or something similar. Nobody deserves that; everyone should grow up if possible.

[FINate]

Some people apparently think Kanye West is a positive role model:

http://www.thestreet.com/story/13463617/1/what-kanye-west-rsquo-s-53-million-debt-can-teach-americans-about-money.html

"Kanye West says he's $53 million in debt, and that may not be a bad thing. In fact, West should be carrying a lot more in debt if he really wants to meet his career and money goals, according to one financial expert."

What the what? And then there's this:

"For example, raising money for a new idea or company requires debt. 'Raising money from investors or friends and family is helpful when trying to launch a new venture due to the fact that most people cannot afford to do so out of pocket,' Getto adds. 'If you're able to sell your idea to someone, or to a group of individuals and they are willing to lend you a large amount of money to help bring that into fruition, that is huge.'"

Ok, I can see the point of a loan to start a small business, but I'm guessing Mr. West is not living like someone who's trying to get a business off the ground. Also, for large new ventures isn't it more common to raise VC funding - i.e. sell equity to investors rather than debt?

[onehair]

I did read his two fashion lines failed and failed big so it may be what brought him down in the end.  The $50 question is will he be able to recover or just declare bankruptcy and write the companies off?

[MgoSam]

Is it wrong for me to hope that Kayne West actually goes broke? Seriously asking.

[Parizade]

Is it wrong for me to hope that Kayne West actually goes broke? Seriously asking.

I think everyone needs a karmic face punch now and then, so if there's a chance he learns from it then I hope he goes broke too.

[zephyr911]

Some people apparently think Kanye West is a positive role model:

http://www.thestreet.com/story/13463617/1/what-kanye-west-rsquo-s-53-million-debt-can-teach-americans-about-money.html

"Kanye West says he's $53 million in debt, and that may not be a bad thing. In fact, West should be carrying a lot more in debt if he really wants to meet his career and money goals, according to one financial expert."

What the what? And then there's this:

"For example, raising money for a new idea or company requires debt. 'Raising money from investors or friends and family is helpful when trying to launch a new venture due to the fact that most people cannot afford to do so out of pocket,' Getto adds. 'If you're able to sell your idea to someone, or to a group of individuals and they are willing to lend you a large amount of money to help bring that into fruition, that is huge.'"

Ok, I can see the point of a loan to start a small business, but I'm guessing Mr. West is not living like someone who's trying to get a business off the ground. Also, for large new ventures isn't it more common to raise VC funding - i.e. sell equity to investors rather than debt?

If you read about all the retarded shit he and his dimwitted wife spend money on, it's not hard to see how they could outspend even their gargantuan income.

They spent millions renovating their mansion (or one of them, who knows) as a big party pad, and they weren't even done when they found out she was pregnant. So of course, they stopped that job and started tearing everything out so they could start over in baby mode.

[Parizade]

Some people apparently think Kanye West is a positive role model:

http://www.thestreet.com/story/13463617/1/what-kanye-west-rsquo-s-53-million-debt-can-teach-americans-about-money.html

"Kanye West says he's $53 million in debt, and that may not be a bad thing. In fact, West should be carrying a lot more in debt if he really wants to meet his career and money goals, according to one financial expert."

What the what?

It seems to me Kayne West is at a point in his career when he should be the investor, not the one looking for an investor.

[kite]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”

[SwordGuy]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”
[/quote

He's so arrogantly ignorant he would never think of that...

[Indexer]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”

I was thinking the same thing!

[MgoSam]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”

I was thinking the same thing!

Apparently Mark Zuckerberg agrees....

[TheGrimSqueaker]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”

I was thinking the same thing!

Apparently Mark Zuckerberg agrees....

He admitted to having noticed?!

[horsepoor]

I so hope Zuckerberg  publicly delivers a verbal batch slap.  I can't even...

[MgoSam]

“Dear Kanye West: If you’re going to ask the CEO of Facebook for a billion dollars, maybe don’t do it on Twitter,”

I was thinking the same thing!

Apparently Mark Zuckerberg agrees....

He admitted to having noticed?!

A former FB employee posted a thing on FB saying something along the lines of, "If you wanted Zuckerberg, you should have posted to FB," and Zuckerberg liked it. I take that as him noticing.

[messymoneymay]

Found on facebook:

[Parizade]

Found on facebook:

ouch, harsh!