The world knows by now that Kanye West has been hospitalized and is reportedly suffering from exhaustion. Yeezy had an onstage meltdown in Sacramento last weekend and subsequently canceled the rest of his tour.
All in all, it hasn’t been a great month for West or his wife, Kim Kardashian. She was reportedly robbed of several million dollars worth of diamonds while in Paris. Many people thought that Kanye had finally lost his mind when he launched into an onstage rant against Hillary Clinton, Jay-Z, and Beyonce. It seemed that people’s fears were being realized when West was admitted to hospital for “psychiatric evaluation.”
As reported by the Inquisitr, internet rumors had begun to spread claiming that West had been silenced after threatening to speak out about “Pizzagate.” For anyone who hasn’t followed the story, Pizzagate is an online allegation that senior Washington officials were involved in a pedophile ring centered on a Washington D.C. pizza joint called Comet Ping Pong. Rumors are circulating that Kanye is about to expose some of those involved.
Back in February of this year, Kanye astounded his fans when he launched into a rant on Twitter. Despite his hugely lavish lifestyle, Yeezy claimed that he was over $53 million in debt. It seemed that West missed the irony in his using Twitter to beg Facebook founder Mark Zuckerberg to invest $1 billion in him. As a result of Kanye claiming he was broke, many people were suspicious of Kim Kardashian’s robbery.
Some believed that Yeezy had set the whole thing up as an insurance scam, but as reported in the Guardian, Kim is taking legal action against a gossip site who claimed the robbery was a setup. Now it seems that conspiracy theories are emerging over Kanye’s sickness.
U.K. tabloid the Sun claims that Kanye may be due a payout of $30 million from insurers as “his insurance policy is expected to cover him for the $30 million loss these shows will incur.”
Gossip site TMZ claims that “Kanye had an insurance policy that covered him in the event illness prevented him from performing.”
“The policy provides the insurance carrier will pay Kanye for not only the money he’d make but the money he was obligated to pay others if accident or illness… prevents any insured person from appearing or continuing to appear in any or all of the Insured Performance(s) or Event(s).”
The same outlet claims that the insurers could refuse to pay out if Kanye had a preexisting condition that he failed to disclose or if the illness was caused by West’s “unreasonable or capricious behavior.”
So What Is Kanye West’s Net Worth
It is difficult to determine exactly what Kanye’s net worth is. West claims to be sinking under a mountain of personal debt, but Money Nation claims the rapper has a net worth of $67 million. If Kanye’s wealth is added to Kim Kardashian’s fortune, the couple are claimed to be worth around $217 million.
Hollywood Take claim that Yeezy’s fortune may take a hit in 2016 even if his insurers do pay $30 million for his tour cancellation and another $5 million for Kim’s jewels. They claim that album sales may dip and the revenue from merchandise sales at tour dates can probably not be recovered.
“Kanye won’t be able to promote his latest album, which could affect sales. More importantly, his antics could put his future at Tidal in jeopardy. Before his hospital stay, Kanye went on several rants against the streaming service’s primary owner, Jay Z, and their relationship likely suffered as a result.”
Of course, in Kanye’s case, the claim that he is $53 in debt is arbitrary. The Sun points out that West and Kardashian have substantial property holdings across the U.S. and beyond.
“In 2013, Kim and Kanye moved into a $10 million mansion, spending over $2 million on renovations alone. It was also reported that they purchased a $20 million pad in Hidden Hills, California, which is still in the revamping process.”
Kanye could easily pay off his debts should he wish to do so. It would still leave West with the sort of fortune most people can only dream of.
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