Kanye West Says He Was $53 Million In Debt & Now His Net Worth Is $5 Billion: Thank You Jesus


Kanye West

Kanye West Says He Was $53 Million In Debt & Now His Net Worth Is $5 Billion: Thank You Jesus

Kanye West is thanking God for brining him out of debt, and now having a net worth in the billions. In a recent tweet sent out on Thursday (Oct. 8), the rapper and designer says he was in debt, but he was able to turn that around drastically in 4 years. He tweets:

“From $53 million in debt to a net worth of $5 billion in 4 years. Thank you, Jesus. I know I fall short, but I repent. I am fully in service to our Lord and Savior Jesus Christ. We are building schools of the future. Thank God for providing the increase.”

Earlier this year in April, Kanye West fact checked Forbes, for allegedly shorting his bank account $2 billion dollars.

Forbes reported that Kanye West’s net worth was at $1.3 billion, but Kanye West said that he was actually worth $3.3 billion. According to reports, he sent a text message to Senior Editor Zack O’Malley Greenburg, that read,

“It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”

This isn’t the first time Kanye West discussed his billionaire status.  His presidential campaign has reportedly spent $5.86 million so far. With majority of the money coming from the $6.7 million loan he took from his own funds in July and August.

He has also received eight small donations from $200 to $1,000. Those are said to be from citizens.

His campaign has also reportedly racked up $1.2 million in debt. A majority of it is owed to Tempe, Arizona company “Fortified Consulting”. The firm has the same address as Lincoln Consulting, which is a political firm that Nathan Sproul, a previous executive director in the Republican Party, co-founded.

With the election only weeks away, Kanye West will not appear on the ballots for several states including Wisconsin, his home state Illinois, and Wyoming, where he currently residents. Still, he celebrated the ballots he will appear on via Twitter last month.

In another tweet Kanye West said that he was able to see $5 Billion after he secured a 10-year deal with Gap. 

He told Nick Cannon on “Cannon’s Class” podcast:

“So look, this year it was simple. I was on the Bloomberg list… [and] they finally recognized that my net worth at that time was $3.3 billion. And then my net worth almost doubled after I did the Gap deal to $5 billion.”

What are your thoughts on Kanye West’s latest tweet? Tell us in the comments! 

Authored by: Demi Lobo