Is Kanye West really $53,000,000 in debt?

People can have debt, but they can also have assets and future income. It's quite possible a celebrity is $53 million in debt, but how much does he have as assets? Liquid assets such as cash, less liquid assets like cars, houses, real-estate? read more

Not really. It's important to separate Kanye's work from his personal debt to get a better understanding of what he means. Kanye is pretty well off and makes around $40 million annually. The $53 Million which he mentioned in his tweets was closer to the amount of money he's invested in his business ideas (fashion shows, tours, shoes, etc). read more

Kanye West releases long-delayed new album,"The Life of Pablo," on"Saturday Night Live" The entertainer also tweets that he is $53 million in personal debt,"please pray we overcome" (CNN)Oh, Kanye West. Wow. read more

In his first “season,” West told BET he went $16 million in debt getting his line off the ground. Those numbers, while significant, are not surprising to industry insiders tasked with coming up with business plans for people like West, who have grand visions without the slightest idea of what they might cost to execute. read more