http://consequenceofsound.net/2016/02/kanye-west-says-hes-53-million-in-personal-debt/

Plus, Kanye reveals the inspiration behind his new album's title

BY ALEX YOUNGON FEBRUARY 13, 2016, 7:10PM

Say what you will about Kanye West’s personality, and Yeezus knows there’s a lot to be said, but there’s no denying the man’s commitment to his craft. In a series of tweets prior to his performance on Saturday Night Live this evening, Kanye revealed that he’s racked up over $53 million in personal debt.

KANYE WEST ✔ @kanyewest
I write this to you my brothers while still 53 million dollars in personal debt... Please pray we overcome... This is my true heart...
6:46 PM - 13 Feb 2016
5,211 5,211 Retweets 12,629 12,629 likes

resumambly a majority of that debt has been accrued via his various fashion endeavors. APC founder Jean Touitou confirmed as much in a 2014 interview, at the time saying Kanye was $30 million in the hole from his line of women’s clothes.

In a separate tweet, Kanye revealed that his new album The Life of Pablo is not named about Pablo Picasso or Pablo Escobar, but rather Paul the Apostle.

KANYE WEST ✔ @kanyewest
Paul ... The most powerful messenger of the first century... Now we stand here 20 centuries later... Because he was a traveler...
6:44 PM - 13 Feb 2016
4,615 4,615 Retweets 11,758 11,758 likes

KANYE WEST ✔ @kanyewest
He was a learned man not of the original sect so he was able to take the message to the rest of the world...
6:44 PM - 13 Feb 2016
3,324 3,324 Retweets 8,961 8,961 likes

KANYE WEST ✔ @kanyewest
He was saved from persecution due to his Roman citizenship... I have the right to speak my voice...
6:45 PM - 13 Feb 2016
3,135 3,135 Retweets 8,595 8,595 likes

Lastly, all memes are wrong.

KANYE WEST ✔ @kanyewest
All memes are wrong... The Life of Paul... The life of Pablo... Ultralight beams... Moms dads daughters sons stand up...
6:46 PM - 13 Feb 2016
6,657 6,657 Retweets 12,947 12,947 likes

KANYE WEST ✔ @kanyewest
Let's dance in the streets. I am consumed by my purpose to help the world.
6:46 PM - 13 Feb 2016
10,248 10,248 Retweets 15,635 15,635 likes

Don't mind me as I find it difficult to thoroughly examine what $10 million of debt looks like. Yeezus pushes the culture to new heights but $53 million of debt sucks.

You don't start ANY business without creating an LLC so you aren't collecting that debt on your own.

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

>You don't start ANY business without creating an LLC so you
>aren't collecting that debt on your own.

For that exact reason, he could just easily get out of it. And he has no record in the fashion industry. It'd be a bad investment.

Now Kanye himself, he has an income stream from his music and he owns homes and personal assets and is married to kim kardashian who I'm sure has a prenup but can at least pay the mortgage and take care of the kids while Kanye pays back his debts.

There's a lot of stupid money getting thrown around out there. There's a lot of rich starfuckers out there as well that would throw some money his way.

B. Kanye stated an LLC for the restaurants he bought. He knew not to be on the hook for that. He should have known for this (and maybe he did and this is all overblown.)

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

http://www.businessinsider.com/vcs-arent-investing-in-kanye-wests-donda-2013-12

http://www.ballerstatus.com/2016/02/12/kanye-west-has-approached-fashion-moguls-for-100m-investment/

he's been trying for years.

and he self-funded.

it is, what it is.

And I'll admit I discounted the issue of Kanye getting in his own way when it came to getting money. If Kanye wanted to actually run a fashion line as a business (and find a business partner ala Jay and everyone else), he could have found the money.

Kanye took a terrible approach to it and ended up having to take an even costlier terrible approach - self-funding.

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

Never reflects what someone has in the bank or in assets. It's a highly speculative process where they try to assign value to their brand and visible holdings.




**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

Or did he hit his Yeezy on Jumpman's shoulder and subsequently bust
his head on the pavement?

~
~
~
~
~
Days like this I miss Sha Mecca

Jokes aren't your thing

~
~
~
~
~
Days like this I miss Sha Mecca

~
~
~
~
~
Days like this I miss Sha Mecca

Walks away

Jokes aren't your thing

Neither is making sense, apparently

~
~
~
~
~
Days like this I miss Sha Mecca

If so its not as bad as it sounds

------------------------------

17x NBA Champions

goes this nigga own a white SUV??

------------------------------------
2019 CABG Survivor

2016 OK Survivor Champion

be about it or be without it

RIP GOATs

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

>goes this nigga own a white SUV??

For how many minutes?

____________
Twitter & IG: @rulerofmyself
SC: rulerofmyself17

Yes! She's on the drugs. (c) BoHagon

.

************************************************************

He wanted to pay out of pocket for some extravagant ish and Jay was like Naw, I want this tour to make money?

Well Kanye got to do the tour he wanted to after that right?

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

he was losing cash. It's probably not a stretch considering how many motherfuckers are involved in the actual performance that you gotta pay a real wage (dancers/models) as opposed to a handful of roadies dealing with a crazy setup (aka U2).

Also unlike a U2 who heavily brand their tours, it seems Kanye keeps it pretty minimal.

That said, its not hard for him to make it back considering his wife's is also pretty wealthy with a healthy income (not like there's a high overhead in being the Queen Thot) and he's still at his commercial height where he sells out consistently.

Like he sold out Madison Square garden playing tracks on a laptop.

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

There are so many ways for celebrities and rich people to make money (on top of all of the assets they own) that that's not really a huge issue right now since, as you said, he's still at his peak.

But hopefully, this will teach him a lesson and he'll learn to be more frugal so if/when his celebrity does start to decline, he won't have to start doing Psychic Network ads to pay the bills.

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

Quite like Kanye.

______________________________________

Everything looks like Oprah kissing Harvey Weinstein these days

Yeah, he fucks up alot. But we can all unite behind that important spiritual belief.

they're bopping their heads to his little ditties, meanwhile laughing at his antics -- the fashion crap and awards show displays of mental instability.

If Kanye made a Formation-type video, it'd be "There's Kanye being Kanye." Obviously, some talking heads would make a big deal of it so they could use Kanye's name to get attention but that's about it.

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

Hell just read the comments on his IG page or anything else Kanye related on the internet.

He is very oj-ish in that way.

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

He called W a racist on TV, screamed on all types of white artist ONSTAGE after they won awards and called Taylor Swift a bitch.

and somehow they see OJ?

and Buddy just called the cops on a nigga too.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

>He is very oj-ish in that way.


In a way, u r quite right....But he's not ALL Juice...Def got some Juice in him though....

GOAT of his era......long live Prince.....God is alive....

Please. Lol

fuck you.

what more do you want? lol...

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

He wants what they got to such a degree it's making him crazy. Po thang.

fuck you.

Him whining about being the main designer at Givenchy doesn't negate the fact he says he's gonna fuck Taylor Swift.

That said, its unfortunate a nigga selling out ugly sneakers at a premium cries every chance he gets for old european fashion establishment asking for love when we've ALWAYS been our own fashion trendsetters even when buying their shit. but hey, let him have his fuckups

>Him whining about being the main designer at Givenchy doesn't
>negate the fact he says he's gonna fuck Taylor Swift.
>
>That said, its unfortunate a nigga selling out ugly sneakers
>at a premium cries every chance he gets for old european
>fashion establishment asking for love when we've ALWAYS been
>our own fashion trendsetters even when buying their shit. but
>hey, let him have his fuckups


This^^^^

GOAT of his era......long live Prince.....God is alive....

http://www.hollywoodreporter.com/news/kanye-west-asks-white-publications-865664

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

as a Artist IMO. OJ shucked, grined and jive off camera, however in his prime on a football field he was a beast and not a clown.

Kayne ain't never been the Best MC in the game ever. got a personality,but nowhere near as charasmatic as OJ ever was.

OJ had the kind of "Juice" pun intended often reserved for White quarterbacks and that was deep love.

Kayne is a bit more soulful with his than Juice.however not alot much though.
to Me Kayne stopped growning as a Artist some time ago. OJ was great in college and the Pros. Kayne been on that reality show tip for a good few years now.

to me 03-08 was Kayne's peak and prime if you will IMO

mistermaxxx R.Kelly, Michael Jackson,Stevie wonder,Rick James,Marvin Gaye,El Debarge, Barry WHite Lionel RIchie,Isleys EWF,Lady T.,Kid creole and coconuts,the crusaders,kc sunshine band,bee gees,jW,sd,NE,JB

Miami Heat, New York Yankees,buffalo bills

so I can't call it.

______________________________________

Everything looks like Oprah kissing Harvey Weinstein these days

#joeschmoeproblems

♚♚♚♚

#BYLUG >>> https://goo.gl/1ooFp6

♚♚♚♚

screamin' mothafuck a 12 /
bitches ain't shit /
cops ain't neither /
they huntin' my people /

- i. rashad

♚♚♚♚

------------------
One Hundred.

http://www.marketwatch.com/story/kanye-west-wants-a-1-billion-from-facebooks-mark-zuckerberg-2016-02-15



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

Kanye needs an intervention more than an investment.

----
NBA MOCK DRAFT #1 - https://thecourierclass.com/whole-shebang/2017/5/18/2017-nba-mock-draft-1-just-lotto-and-lotta-trades

we can only hope to understand it 30 years from now.

“So back we go to these questions — friendship, character… ethics.”

fuck you.

.

<---https://www.amazon.com/dp/B01DL9AVTQ

and aviator jackets.

We need a revolution!

<---https://www.amazon.com/dp/B01DL9AVTQ

You can have $53MM in personal debt and $200MM in assets (he likely has more) and shouldn't boohoo over it. How?
He's likely loaned himself the money or cosigned/pledged for loans for his fashion line, and then he can say he's put in $53MM in capital or shareholder loans to the thing. Then, he double-dips by repaying himself a high interest-only amount, which the business can treat as a tax deduction, and eventually converts the debt to equity in the business. Trump, by example, has always been in tremendous personal debt by virtue of loan covenants and guarantees that were theoretically backed by his personal assets but had other instruments backstopping his direct involvement and responsibility for the debt; if projects go well, he converts his position; if it goes bad, he files or liquidates and gets the tax benefit, personally, of the failed business without any direct personal loss.

I think none of what you written is correct except he probably guaranteed 53 Million in debt.

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

Not to mention publishing rights, endorsement deals and personal property (including a difficult to value art collection due to how modern it trends). If we know anything about Kanye outside of his public ego, it's that he isn't dumb. His money is well taken care of. Jay-Z doesn't do big deals these days with people throwing money away and living album to album. "$53M in debt" is an easy way to glamorize obscene wealth. For example, part of that debt is $11MM in acquisition and another $3-4M in renovation loans for a home he and his wife are never going to live in but are instead going to sell for $20M, minimum. Poor guy.

Most people in his income/wealth bracket wouldn't talk about this as debt but instead as "investments". But you don't get publicity by saying "I GOT $53M IN PRIVATELY CONTROLLED INVESTMENTS"!

50 cent type broke.

He hasn't nearly made the type of money 50 made but seems to be living even bigger and extended himself even more.

Publishing rights ain't what they use to be.

50% of Roc-A-Fella was sold for 10M in 2004
50% of bad boy was purchased for 30M in 2005
All of death row sold for 24M in 2008

Kanye, as a signed artist, I doubt sees millions upon millions from publishing.

I would think his biggest dough comes from his sneaker deals.

I thought 50's bankruptcy would expose that this rappers aren't nearly as paid as they want us to believe.


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

I doubt Ye files, more than likely he restructures his debt.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

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!

Yeezy shoes are all the rage now, but we're told Kanye didn't get a dime from Nike when he created the first gen of the shoe. He funded the design out of his own pocket.

Additionally, we're told he spent several hundred thousands to build sets for his last tour, and to make his 2012 short film, "Cruel Summer."

The good news for Kanye is he'll make back his investment because he earns like crazy -- $22 million in 2015 and $30 million in 2014, according to Forbes.

Bottom line, no one's turning off his lights.

Read more: http://www.tmz.com/2016/02/15/kanye-west-debt-53-million-investment/#ixzz40MTwCHsC

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

.....haven't check for Kanye albums in a long time, but he's the last popular producer to still sample as far as i can remember

< Live Mixshow - Thurs 11PM/EST >
https://twitch.tv/djchiefone

----Mixtape Archives-----
https://soundcloud.com/djchiefone

my avy: Deep in your heart, you know he's right: http://coreyrichardsonneedsajob.com/
my hustle: http://SupaSoulSounds.com

*RIP: John T. "220v" Richardson, Blessing Benson, and Dilla*

http://pagesix.com/2016/02/17/dont-f-k-with-me-hear-kanyes-uncensored-snl-meltdown/

I thought all that twitter and everything else were just staged antics. But this is apparently when no one was paying attention.

_______________________________________

The "How Sway?" incident was the first time I thought he might really be off

_______________________________________

he sounded just as crazy

that audio sounds weird - like it was edited.

the article gives some context but it's Page 6 so i'm not sure.

fuck you.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

after standing on the side of the stage for two minutes to me.


~~~~~~~~~
"This is the streets, and I am the trap." � Jay Bilas
http://www.popmatters.com/pm/archive/contributor/517
Hip Hop Handbook: http://tinyurl.com/ll4kzz