The answer to that $53 million question that had people thinking Kanye West was deep in debt has now been answered.
According to TMZ, sources connected to Kanye tell TMZ that $53 million reflects how much money he has invested in his own companies related to fashion and music. In fact, TMZ says he’s sunk $40 million alone into 3 seasons worth of Yeezy fashion!
Yeezy shoes are all the rage now, but reports say Kanye didn’t get a dime from Nike when he created the first version of the shoe because he funded the design out of his own pocket. Additionally, he also 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.