So Kanye’s Broke, What Does that Really Mean?

 

 

By now we have all heard that Kanye West is purportedly $53 million dollars in debt. When I heard this, I rolled my eyes, especially since this is the same man who has his daughter dressed in fur coats. Let’s just say I don’t foresee Kanye standing in line for public benefits anytime soon. So let’s unpack a debt of this magnitude. And there is no evidence that Kim Kardashian West did, in fact, bail her beau of debt with her “80 million video game check” she so famously tweeted about this week.

Whose debt is it?

It is highly unlikely that any of the $53 million is personal debt. Kanye’s business ventures, like most stars, are most likely housed in a Limited Liability Corporation (LLC), so the entity in debt is the LLC, not Kanye personally.

Related From Vivala: Tax Tips for All You Super Bloggers

READ MORE

 

How Equity Crowdfunding Helps Latinx Entrepreneurs & Diversifies Investors

    By now we have all heard that Kanye West is purportedly $53 million dollars in debt. When I […]

Read More

What the Federal Reserve Interest Rate Hike Has to Do with Millennials and Poor Folk

    By now we have all heard that Kanye West is purportedly $53 million dollars in debt. When I […]

Read More

Entrepreneurship: It Ain't Easy But It's Worth It

    By now we have all heard that Kanye West is purportedly $53 million dollars in debt. When I […]

Read More

Jesse Williams Talks Tech

    By now we have all heard that Kanye West is purportedly $53 million dollars in debt. When I […]

Read More