Something isn’t adding up here. As fans may recall, Kanye West claimed to be $53 million in debt last year, surprising pretty much everyone since he’s, you know, a super successful rapper/designer. But now, an insider tells Life & Style exclusively that his money woes are even more disturbing given how much the 40-year-old can easily earn in a day.
“His profits are through the roof when it comes to concerts and merchandise,” the insider reveals. “For just the two shows Kanye had scheduled Dec. 30 and 31 at Brooklyn’s Barclays Center, he was guaranteed more than $1.5 million per performance.” Though not every stop on his Saint Pablo Tour racked in millions for the father-of-two, each was guaranteed to net Yeezy an astounding $550,000. We’d take it.
According to the insider, profit guarantee for 38 shows between Aug. 25 and Nov. 1, 2016, was $20.75 million. “On top of that, he sells merchandise through the roof,” the insider explains. Add in album sales and other ventures, like his sneakers, and you’re looking at a staggering number. Yet somehow, Kanye still finds himself in a massive amount of debt.
A different source shares that the “Famous” hitmaker spends an “outrageous” amount on security for wife Kim Kardashian and kids North, 4, and Saint, 20 months, as well as on nannies. Plus, he owns a $4.5 million NYC apartment, a house in Bel Air worth $11 million, and a $20 million Hollywood Hills mansion that he’s been renovating since 2014. Not to mention, he’s always taking private jets, which cost roughly $30,000 per flight.
“He also has a team of doctors he uses whenever he’s not feeling well, which is often,” the source adds. “He’s just always got more money going out than going in.”
For more info on Kanye’s current financial situation, pick up the latest issue of Life & Style, on newsstands now. And scroll through the gallery below for a look back at the musician’s most memorable quotes about Kim!