Kanye West. Christian. Genius. Billionaire. All descriptors that Kanye has bestowed upon himself. And all of them so questionable that they should be accompanied by a bunch of asterisks leading to the words, “Needs verification.” Because Kanye West himself confirmed that he’s really not a billionaire.
Back in April, Kanye joined his sister-in-law Kylie Jenner as a billionaire of the Koven. Forbes had named Kanye a billionaire, after calculating and estimating that his net worth was somewhere around the $1.3 billion mark. Kanye was mad, and accused them of estimating way too low (Kanye claimed it was actually $3.3 billion and that, “no one at Forbes knows how to count“). So according to Kanye, he’s a three-time billionaire. If that’s so, then why did he allegedly claim on recently filed government documents that he’s sitting on a net worth that’s worth only a couple hundred million?
According to Business Insider, Kanye filed financial forms to the Federal Election Commission. Because remember, Kanye is still running for President of the United States of America. Kanye listed the following assets, and you don’t need to get out your scientific calculator to discover it doesn’t add up to $1 billion, let alone $3.3 billion. via The Daily Mail:
The rapper and footwear designer values three of his companies at $50 million each and says his partnerships with Adidas and Nike are worth a combined $30 to $75 million. The three companies he values at more than $50 million each are Yeezy LLC, Yeezy Apparel LLC, and Yeezy Footwear LLC.
He also said he had received income of $5 million over the past year from eight different entities.
However, he also disclosed he has up to $100 million of debt, mostly from mortgages.
Kanye has reported that he’s already spent $6 million on his Presidential bid, so calculate that into the debt portion.
The Daily Mail speculates that the numbers are so low, because he’s not legally required to disclose his spouse’s financials. Kanye is of course married to Kim Kardashian, who has as much money as she has CCs of Botox in her face. Earlier this summer, Kanye congratulated Kim on becoming a billionaire, even though she too isn’t a billionaire. This was after cosmetics giant Coty Inc. paid $200 million for a 20% stake in her makeup brand, KKW Beauty. But again, according to those Federal Election Commission documents, he also owes about $100 million in debt on houses and things. If he makes $150 million from his own companies, and up to $75 million in shoe money, plus that mysterious $5 million, he’s got $230 million.
Naturally, I don’t think the FEC even really cares how much he put down on that form. After all, it kind of seems like a Presidential candidate’s bank account situation is irrelevant in the grand scheme of things. I think the person who should be most concerned here is Kim. Kim has reportedly spent her time in quarantine mapping out a divorce plan, and if she goes through with it, she’ll need to know how much money she can take from her third husband. She needs to be very specific. Like, “Kim is seeking spousal support from the amount Kanye gave to Forbes, NOT the one he gave to the government.”