KANYE ISN’T BROKE

It’s basic economics, motherf*****. slate.me/1RO0028
  1. A few days ago, Kanye West went on Twitter and asked Mark Zuckerberg for $1 billion.
    He said he was $53 million in debt, and needed more money to share his ideas with the world.
  2. Later, he anointed himself this generation’s Disney, and also asked Larry Page for an investment.
    Then he accused San Franciscans of supporting schools in Africa more than rap artists.
  3. So are his money problems that bad?
  4. Actually, if he’s just on the hook for $53 million, he’s probably fine.
  5. Here’s why:
  6. His assets could be greater than his debts.
    Maybe he owes $53 million to the bank. But he could easily have $100 million in net worth.
  7. Even if they aren’t, Kanye’s still getting paid.
    Forbes estimates he makes between $22-$30 million a year.
  8. A conservative estimate would give him debt equal to 240% of his income.
    A normal American household has only 107%.
  9. But it would only take him five years to pay off his debts.
    So Kanye’s “debt” is equivalent to an average person’s mortgage.
  10. He wouldn’t even need to ask his wife for money.
    Kanye and Kim Kardashian keep separate finances, anyway.