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Kanye West Admits To Being $53 Million In Debt, Makes Shocking Announcement On Twitter

By Val Powell
Published on: 18:29 PST, Feb 14, 2016

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Kanye West made yet another controversial Twitter post over the weekend after the rapper informed his over 18 million followers that he is in financial crisis.

West tweeted that he still has 53 million dollars in personal debt before asking his fans to “Please pray we overcome.” It was not clear whether or not the talented artist is merely joking.

Prior to this tweet, the rapper tweeted that he is consumed by his “purpose to help the world,” and “This isall all is fun all in good feelings… We will all be gone 100 years from now but what did we do to help while we were here!!!”

In another Twitter post, West called the attention of Facebook CEO Mark Zuckerberg to “invest 1 billion dollars into his ideas after realizing he is the greatest living artist and greatest artist of all time.”

However, Zuckerberg has not responded to his tweet on Sunday. Is West having serious financial problem? Just a year ago, the rapper admitted that he was $16 million in debt when he launched his clothing line.

West, had ranked number six on Forbes’ 2014 list of Hip Hop Cash Kings with a roughly $30 million dollars in annual earnings. According to Forbes, West’s Yeezus album tour “added double-digit millions to his bottom line, helping him to a 50 percent jump in annual earnings.”

His marriage to reality star Kim Kardashian also put him in the spotlight, making him even more famous. West and Kardashian took the number five spot on Forbes’ 2013 roster of Highest-Earning Celebrity Couples with estimated earnings of $30 million.

In 2015, West reportedly had a net worth of $147 million. His My Beautiful Dark Twisted Fantasy, which came out in November 2010, was critically and widely received, and eventually went platinum. In May 2011, the rapper reportedly earned $16 million according to Forbes magazine. Aside from his music and clothing line, the rapper also owns and runs his record label, GOOD Music, which manages artists like John Legend and Kid Cudi.

West has also recently announced the release of his latest album the Life of Pablo, a follow-up album to Yeezus, on his website and on Tidal. The rapper took to Twitter to urge his fans to subscribe to Tidal as he decided not to sell his album for another week. West’s seven previous albums have all gone platinum.

The album release came after West appeared on SNL where he performed two of his latest tracks such as “Ultra Beam Lights” with Kirk Franklin, Chance the Rapper, Kelly Price and The-Dream and a gospel choir; and “High Lights” with The-Dream, Young Thug, Price and El DeBarge. During his SNL gig, West also had a rap showdown with SNL member Kyle Mooney.

His Twitter tirade came out just moments before his SNL performance. He also used Twitter to clarify that he did not disrespect Taylor Swift in his track “Famous” in which West sings “I feel like me and Taylor might still have sex/ Why? I made that bitch famous.” Swift’s fans criticized the song’s seemingly “misogynistic message.”

West tweeted that he and Swift had talked about it and said the pop country singer “thought it was funny and gave her blessings.” The rapper interrupted Swift on the stage of MTV Music Awards in 2009.

However, a rep from Swift’s camp denied West’s claims on CNN, saying West did not ask for Swift’s approval but asked for the relaese of “Famous.” The singer also “declined and cautioned him about releasing a song with such a strong misogynistic message.”

[Image by Christopher Polk/Getty Images]

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