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Kanye West’s camp is clearing up confusion sparked by his tweet Saturday night claiming he was $53 million in debt.

“I write this to you my brothers while still 53 million dollars in personal debt,” he tweeted just before releasing his album on Tidal and on his website. “Please pray we overcome… This is my true heart.”

Well, it turns out that he won’t be seeking a handout from his in-laws anytime soon. According to TMZ, sources connected to the rapper/fashion designer say the $53 million “reflects how much dough ‘Ye has invested in his own companies related to fashion and music. For instance, we’re told he’s sunk $40 million alone into three seasons worth of Yeezy fashion.”

According to TMZ, Kanye’s Yeezy Season 1 shoes, in partnership with Nike, was entirely self-funded. Nike didn’t pitch in at all.

Additionally, ‘Ye reportedly spent several hundred thousand dollars to build sets for his last tour, and to make his 2012 short film, “Cruel Summer.”

Kanye’s tweetapalooza on Saturday night included a plea for Facebook founder Mark Zuckerberg to fund his “ideas,” because “I don’t have enough resources to create what I really can,” he stated:


Had It & Lost It – Celebrity Riches to Rags
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(Photo Source: AP)