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Kanye West’s $53 Million Debt, Explained

Kanye West’s $53 Million Debt, Explained

In the off opportunity you missed it, Kanye West, whom adorns their two-year-old child in pastel furs and has now boasted in rhyme about running suicide drills on personal planes, sent the social-media commercial complex into overdrive this weekend as he bashfully announced on Twitter which he ended up being $53 million in individual financial obligation. The impecuniousness, he noted, had been the results of after his fantasies into the fashion industry.

The over-leveraged rap icon’s state of affairs is a reflection of the brutally difficult fashion business—an industry that requires significant upfront costs and can promise little in return while commentators were perplexed by his lack of frugality, or surprising surplus of modesty.