According to reports, kanye-west may be months away “financial catastrophe”. Sources told Page Six on Sunday, October 30, that the 45-year-old rapper could be out of business if he can’t find a way to prevent brands from cutting ties with him in the wake of his anti-Semitic outbursts.
A source said the 5 million dollars he receives a year in royalties they are simply “enough to pay the gas bill for his plane.”
A source added that although Kanye has “lots of cash by anyone’s standards”also has a “high rate of cash consumption”.
Page Six quoted experts as saying that although the father of four has more than $100 million in the bank, due to his lifestyle it could run out in a matter of “months”.
One said: “It’s all about cash flow and if it’s cut off when can you revive it.”
It was reported last month that Kanye’s team tested the waters to sell his catalog of music for around $135 millionbut apparently did not garner much interest.
Adidas will suspend payments to kanyewhile gap she ended her two-year contract with him in September.
The rapper was supposed to have a show at the sofi stadium from Los Angeles on November 4, but the venue canceled it and Page Six said experts say “no other reservations” and what is “places unlikely to hire him amid scandals.”
The outlet added: “We were told that West has an album in the can, but there is no deal to distribute it at this time.”
Kanye’s contract with the label Def jam it ended in 2021 and his recent expenses included the purchase of a $57 million mansion in Malibu, California, which is in the process of being torn down and rebuilt.
He announced in 2016 that he had a debt of $54 millionwhich was related to her attempts to launch a fashion line and a luxurious lifestyle.