Kanye: I'm $53M in Debt

Kanye West drops surprising tweet before 'SNL' appearance
By Neal Colgrass,  Newser Staff
Posted Feb 14, 2016 3:39 PM CST
Updated Feb 14, 2016 5:15 PM CST
Kanye West reacts as he accepts the video vanguard award at the MTV Video Music Awards at the Microsoft Theater on Sunday, Aug. 30, 2015, in Los Angeles.   (Photo by Matt Sayles/Invision/AP)

(Newser) – Kanye West may be wildly successful, but is he stone broke? Well, he tweeted Saturday that he's $53 million in "personal debt" and asked his 18.7 million Twitter fans to "Please pray we overcome... This is my true heart," Sky News reports. Kanye didn't go into details, but has admitted to losing about $16 million through his Yeezy clothing line. "I was trying to play a sport that's a billionaire sport," he said at the 2015 BET Honors show, Vibe reported last year. "It’s not a millionaire sport and I’m proud of the debt. I don’t care about somebody’s Ghost (Phantom) or somebody’s house. I care about my vision."

Kanye made the latest confession before going onstage at Saturday Night Live to preview his new album, The Life of Pablo—which infamous pharmaceutical executive Martin Shkreli apparently tried to buy for $10 million. Once the record was released, CNBC reports, Shkreli tweeted that he had been defrauded somehow after paying West with bitcoin. As for West, he's rumored to be worth more than $100 million and his wife Kim Kardashian almost $50 million, TMZ reports. "Dude needs a good Kickstarter campaign," says the gossip site. (Update: Kanye on Sunday asked these billionaires for cash.)

My Take on This Story
Show results without voting  |