NEWS

Kanye West is not really in $53million debt

The rapper tweeted last week that he was in $53m debt but according to TMZ, the amount is accurate but it's not a debt. TMZ reports below... The answer to that $53 million question - how the hell is Kanye West that deep in debt -- is that he isn't, but he does spend a ton ... on himself. Sources connected to Kanye tell TMZ the number - $53 mil - reflects how much dough 'Ye has invested in his own companies related to fashion and music. For instance, we're told he's sunk $40 million alone into 3 seasons worth of Yeezy fashion! (more…)