Kanye West has clarified recent claims he made, saying he was $53 million in debt and needed the help of Mark Zuckerberg and Larry Page to help him out of his financial struggle. The rapper took to Twitter once again, where he explained his situation in more detail — assuring fans he was far from bankruptcy status.
Having left his millions of fans confused over the weekend when claiming to be “broke,” the 38-year-old “Real Friends” hitmaker used the social media platform to clarify previous comments, stating that he is still wealthy in his own right, but could use the help of entrepreneurs to further himself.
Yes, because helping the broke Kanye West is way more important for kids in need. Thanks for clearing that up Kanye! pic.twitter.com/dFQg0Muljm
— Madison Goodfellow (@MadiGoodfellow) February 15, 2016
“Yes I am personally rich and I can buy furs and houses for my family. But I need access to more money in order to bring more beautiful ideas to the world…If I spent my money on my ideas I could not afford to take care of my family. I am in a place that so many artist end up.”
As stated above, Kanye West firmly believes that his supposed $120 million net worth could not cover the creative ideas he plans on showcasing to the world — presumably referring to an expansion of his fashion empire. Instead, he needs the help of billionaires, including Zuckerberg and Page, who could fund his expenses while he takes care of his family with his own fortune.
The idea has confused many of West’s fans, especially when one considers the fact that Kanye’s multi-million dollar deal with Adidas runs for several years. That alone could be enough money to feed his two children, Twitter users vented on the site, distressed over the idea that a rapper with such an astounding worth still isn’t satisfied with what he already has.
“Also for anyone that has money they know the first rule is to use other people’s money. There are people who support artist and philanthropist…and I think the idea of being a celebrity a lot of times blocks the understanding of what my purpose is. I am of service to the world with my art and I just want to serve more.”
West went on to argue his point, saying that even the richest person in the world faces problems — including those that revolve around money.
With the release of his latest album, “The Life of Pablo,” Kanye is convinced that he needs more investors to back him with projects, as opposed to being forced to use his own money to pay for things. Because he sees himself as a creative genius, West is puzzled with the thought of not being able to find any sponsors.
Kanye West is broke. At least that’s what he claims. $53 million in debt. Yep. Publicity stunt? Or for real? pic.twitter.com/v0GRjkDt8G
— Tim Elliott (@WISN_Tim) February 15, 2016
Aside from his gigantic net worth, billionaires may not see an interest to invest in Kanye West’s projects for the simple fact that many of them have failed in the past.
The Chicago-born artist infamously launched a clothing line less than five years ago but the clothes were unaffordable to the average person and the reviews were anything but great. It consequently led to Kanye’s fashion collection falling apart, giving West a loss of more than $13 million, as famously stressed in his interview on Sway In The Morning.
So far, nobody has made any moves in helping West with his ambitions in finding others to sponsor his work whilst Kim Kardashian lavishly spends the rapper’s fortune.
[Photo by Dimitrios Kambouris/Getty Images]