Were Kim Kardashian and Kanye West facing money troubles prior to her robbery in Paris, France?
According to a new report, the rapper and father of Kim Kardashian’s two children, daughter North West and son Saint West, took out a $2 million line of credit against his New York City home just months prior to the scary turn of events.
“[Kanye West] took out the large equity line of credit on his New York City apartment, according to records filed on September 27. JP Morgan granted the line of credit to him on July 12,” the Daily Mail confirmed to readers on October 11.
— Perez Hilton (@PerezHilton) October 11, 2016
The report claimed West’s agreement with the bank stated that the establishment would give him advances in a principal amount which would not exceed $2 million. In turn, West was given until 2036 to pay back the amounts granted.
Kim Kardashian’s husband had purchased the New York City home for $1.25 million and joined the apartment with the unit next door. The home is located on Houston Street, where the SoHo, Greenwich Village, and Nolita areas meet.
Kim Kardashian’s net worth, as well as that of her husband, have been called into question due to the ongoing speculation into the reality star’s recent robbery in France. However, while there have been conspiracies claiming Kim Kardashian may have faked the robbery, there doesn’t appear to be any solid evidence of any such thing. Instead, the investigation into the terrifying ordeal has continued, and Kim Kardashian is now threatening to sue anyone who claims her allegations were fabricated.
— TMZ (@TMZ) October 11, 2016
Currently, according to Celeb Net Worth, Kim Kardashian is worth $150 million with an annual salary of $50 million, while her rapper husband is said to be worth $145 million. While the exact breakdown of each party’s net worth was not given, it is safe to say that a big part of Kim Kardashian’s net worth stems from her role on her family’s reality show, Keeping Up with the Kardashians, and the publicity the role gives to her other projects.
Following the robbery, Keeping Up with the Kardashians was put on hiatus, and at this point, it is unknown whether or not production will ever resume. Now, with the series’ future up in the air, Kim Kardashian’s net worth may soon be on the decline.
“[Kim Kardashian’s] well-being is our core focus right now. No decision has been made as to when production will resume,” an E! Network spokesperson told Just Jared in a statement days after the robbery took place.
“No one [in the family] has filmed anything at all since the robbery,” a source told Radar Online around the same time, and Kris Jenner is now “deciding what her next move is. Kris seems to feel that this is all her fault because her greed is what caused this to happen.”
The source went on to reveal that Kim Kardashian was ready to part ways with the series once and for all.
“[Kim Kardashian] told her mother that, as of right now, she does not want to be on the show anymore and she wants to step out of the spotlight for a while to focus on her kids and her marriage,” the source said.
For more of Kim Kardashian and her family, tune into Keeping Up with the Kardashians Season 12, which continues airing its remaining episodes on Sunday, October 23 at 9 p.m. on the E! Network.
[Featured Image by Mike Coppola/Getty Images]