Kanye West Says He’s $53 Million in Debt

Kanye In Massive Debt, Unreleases New
Rex/Shutterstock

It wouldn’t be a typical week in the Kanye West hype machine without some head-scratching moments–this time around they included a Bill Cosby endorsement and a second Taylor Swift feud.

But on Saturday night, prior to releasing his eighth studio album and performing on “Saturday Night Live,” the rapper disclosed perhaps his biggest shocker yet when he revealed that he was $53 million in debt.

The 38 year-old West made the claim on Twitter shortly before the highly-anticipated album premiered exclusively on Tidal and his website.

“I write this to you my brothers while still 53 million dollars in personal debt,” he tweeted. “Please pray we overcome… This is my true heart.”

The “Life of Pablo” album download, however, was taken down quickly Sunday after less than 12 hours online, with the rapper explaining that he’d given the exclusive stream to Tidal for another week before going on sale to other outlets — a sign that the multi-Grammy-winner was likely in dire straits.

After the “Life of Pablo” download link had disappeared, he wrote, “Please for all music lovers. Please subscribe to tidal!!! I decided not to sell my album for another week. Please subscribe to tidal.”

Tidal, the Jay Z backed streaming service, recently paid Rihanna an undisclosed fee for her latest album, “Anti,” though the February release was bungled when someone inside her camp leaked it online. Samsung reportedly paid $25 million to be a part of the campaign.

West, who’s married to reality TV star Kim Kardashian, has been putting tens of millions into his fashion label. According to Business Insider, his latest clothing line is selling high-end coats and jackets for as much as $3,000 to $4,000. The Kanye sweatpants alone cost $510.

In a 2015 interview with BET, the controversial rapper said he incurred $16 million in debt from his fashion business.

“I was trying to play a sport that’s a billionaire sport. It’s not a millionaire sport and I’m proud of the debt,” he boasted.

West, on Sunday morning, asked Facebook CEO Mark Zuckerburg to invest $1 billion in his ideas because he is “the greatest living artist and the greatest artist of all time.”

In yet another strange twist in the Kanye-“Life of Pablo” saga, pharmaceutical exec Martin Shkreli claimed he had been scammed out of $15 million in an attempt to buy exclusive rights to West’s new album.

“Someone named Daquan said he was Kanye’s boy and I signed the deal to buy ‘Pablo’ and sent the Bitcoin. Call the police, this is b——t,” he wrote.

Shkreli, who was recently arrested on securities fraud charges, told his Twitter followers on Sunday that he’d been in touch with Bitcoin founder Satoshi Nakamoto, who promised to get his money back.

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    1. eziotheboss says:

      thanks for the news !
      Download free albums

    2. Mercy me says:

      Simple solution. He should go to settlebankdebt.com and settle for 15 million.

    3. Jon R says:

      You people are damaged. Yeah the guy is a douche but how many of you trolls claim to be good people or even religious, yet here you are wishing death and financial ruin on someone who has a kid! Just because you don’t like someone doesn’t mean that it’s ok to act like you are any better. So the dude is stupid and rants all the time. I’ve yet to hear him same half the stuff people on here are saying. You have got to be a sad ass person to put that much energy into hating someone you don’t even know.

    4. PedalNinja says:

      I absolutely love this news, very much deserved, Obviously the only one that thinks he’s the greatest “artist” of all time, is himself. What gall and Audacity to try try to publicly enlist Zuckerberg to continue to fund his failed attempt at being a designer, I’m sure Zuckerberg needs to flush 1 billion down the toilet after watching Kanye’s ego flush 53 million, yeah he’s clearly a good businessman… LMFAO

      Poetic Justice/Karma indeed LMFAO….

      This bad publicity must be driving him insane… I love it…

      Karma always comes for you eventually.

    5. TheBigBangof20thCenturyPopCulture says:

      This desperate poison pop culture epiphany has got to be the Twilight Zone of showbiz. Imagine Elvis, The Beatles or Sinatra begging some billionaire to please give us 53 million dollars because our music is street noise that sucks and we’re in debt. We wipe our butt and call it art but just want to bring beauty to the world.

    6. eulajoe says:

      Going bankrupt couldn’t happen to a more deserving individual

    7. TheBigBangof20thCenturyPopCulture says:

      If his songbook is not making money in a poison music generation and toxic pop culture, perhaps he should reinvent himself and learn how to sing real songs with melody instead of rant rhymes set to boom box noise.

    8. Kanye West = absolute ultimate in douche-baggery. The term “Nigger-Rich” came about *exactly* because of people like Kanye West a few generations ago – and he has done nothing except perpetuate it. Thanks for setting race relations back 150 years a-hole. A scam artist who has convinced a generation of morons that his disgusting, misogynistic, ignorant and illiterate “lyrics” and “music” has some redeeming value. Well, it does not. And Kanye West is an idiot who can’t form a complete sentence in English. An angry black man who has just epitomized why most of America hates his guts, and ditto for his wife. Do us all a favor Kanye- GO AWAY.

    9. David says:

      Love ’em or hate ’em… oh how the mighty have fallen. Pride cometh before the fall. Kanye is living proof how true this really is.

    10. Farantino Morgan says:

      #KimWillBeKanyeWestDownfall_KanyewillbeBroke soon because of HER whether he admit it or not smh

      and his mother RIP would hate what has happen to her once smart son,whose a fool now,and always seeing him more with the lousy k fam. It is clear kim is going 2 ruin him. so i am not at all sorry for KANYE WEST I am sure jigga aka jay-z warn this man several times.but he married trash so there you go.”

    11. West, on Sunday morning, asked Facebook CEO Mark Zuckerburg to invest $1 billion in his ideas because he is “the greatest living artist and the greatest artist of all time.”
      LOL-YOU ARE A BAG OF BAD AIR, KANYE. A GREAT ARTIST DOESN’T BEG FOR MONEY.

    12. ME says:

      YOU REMOVED YOUR ALBUM FROM iTUNES??????????

      GOOD!

      AS A MATTE OF FACT, REMOVE YOUR LIFE FROM THIS SOLAR SYSTEM!!! I DON’T WANT THE PLANET MARS HARASSED.

    13. Kelster says:

      Gosh, first Martin Shkreli raises the prices by a gazillion percent of medicines that people need, then he’s scammed out of $15 million.

      Heartbreaker.

    14. Chicago860 says:

      What was the adage about a fool and his money? Is there a corollary about talentless fools?

    15. rad4d says:

      In all fairness, this isn’t Kanye’s fault – his ego spent all that money.

    16. Verlandersphone says:

      Is this real life?

    17. This dude has a net worth of over $180m. Married to a Kardashian herself worth about $80m. But he is $53m in debt. Oh btw, new album out! Oh, and a video game is coming to! Make sure to follow kwest on twitter and instagram too. Have you seen his sold out clothing and shoe lines? But he is $53m in debt.

    18. one says:

      I doubt he was in contact with Satoshi. Nobody knows who or what Satoshi is. It could be a group of people. Most likely getting scammed again by the same people. Shkreli sounds like a fucking idiot who shouldn’t even be using bitcoin to begin with

    19. Bobby says:

      What a complete and total douch nozzle.

    20. LymonLemon says:

      Now this “wanna be” can go crawl back into the hole he came out of.

    21. Carolynn says:

      His first mistake is he believes his own hype. Well Kanye what goes up also comes down. Humility goes a long way !!

      Now your begging for us to buy, shame on you.

    22. Michael says:

      Kanye’s been begging CEOs for Billions like a high-priced whore. I guess this is what it’s like to be a “New Slave”.

    23. Matt says:

      So is Kanye a “unicorn” like Uber? No, I guess not if unicorns have market value of $1 billion.

    24. (West proclaimed himself as ‘ the greatest living artist and the greatest artist of all time…. ‘so Mozart, The Beatles and Stones, Hendrix, Joplin, Dylan, Berlin, Richard Rodgers and Oscar Hammerstein II, Sondheim, Bernstein, the list goes on .. they’re all inferior to Mr West …. well with narcissism that gigantic, he deserve ruin … just gangster lift it from your wife’s wallet; she’s probably got that much spare change. You can ask your mother in law for a loan against you’re new reality show ‘I’m a Genius … but useless with Money’.

    25. ZoNumb says:

      Well maybe he shouldn’t have married Ray Jays Lay. Besides Kayne is a joke. What a maroon.

    26. jayredd says:

      Stupid is as stupid does.

    27. em2wice says:

      This is the new way to sell records. All publicity is good publicity.

    28. cadavra says:

      I’m sure I speak for millions of Americans when I say, AHAHAHAHAHAHAHAHAHA!!!!!!!!!

    29. Reel Injun says:

      My thoughts and prayers are with the West-Kardashian family as they endure this tragic turn of events. Praying for God to return your $53 million to you guys!!! I mean, with all the meaningful contributions you’ve made to to the plight of mankind- curing diseases, eradicating poverty and inequity around the around, your profound understanding of people and cultures outside your own experience- $53 million is a penance for your hard work. In fact, if every child in SubSaharan Africa were to donate just $1, we could easily get the West-Kardashian’s back to the wealth and status they deserve. We can make this happen!!!

    30. Jimmy Green says:

      Now we know why he was kissing Cosby’s ass…needs a loan.

    31. Bonnie White says:

      How does one become 53 MILLION DOLLARS in debt? Normally, people get their credit cancelled long before their pile of debt reaches the top of Jack’s Beanstalk. What a jerkasaurus.

    32. Jimmy Green says:

      This deadbeat should be forced to sell everything to pay off debt.Then evict his sorry no talent ass along with his slutty wife and crack head children.

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