Kanye West isn’t exactly an American favorite, although for some reason he does seem to sell a lot of albums. Although those album sales don’t appear to be helping him all that much after he just made a truly shocking admission about how much debt he owes.
For reasons unknown, on Saturday night, Kanye took to Twitter to inform the world about his personal financial issues, and people were blown away. According to TMZ, the infamous rapper racked up more than half of his estimated net worth in debts alone, and now he’s asking for prayers from the public as he and wife Kim Kardashian figure out how to pay them down.
So how much debt has the hip hop “artist” accumulated? Somewhere north of $53 million, by his own estimates.
Kanye tweeted Saturday night, “I write this to you my brothers while still $53 million dollars in personal debt,” adding “Please pray we overcome.”
Ouch. That’s a ton of money, even for someone whose net worth is estimated to be more than $100 million. His wife adds a modest $50 million to the pot, but still, how could someone with that kind of money be so far in debt?
He needs to hire a new financial manager.