Kim Kardashian is now officially a billionaire, according to reports, but her ex-husband, Kanye West, is struggling financially after losing several brand endorsement deals due to his controversies, and the rapper even had to beg his ex-wife for financial support.
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According to sources who shared with InTouch Weekly, the “American Girl” rap singer has been burning through his savings “at an alarming rate” and is starting to affect his bank balance.
You are watching: Kanye West is about to go bankrupt? Rapper reportedly asked Kim Kardashian for money amid financial difficulties
While the insider revealed that there was still money pouring in, “many zeros have reduced his net worth” after he was dropped by Adidas in 2022 following his anti-Semitic comments on social media that sparked an uproar from online users.
(Photo: ANGELA WEISS/AFP via Getty Images)Kanye West, Kim Kardashian
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“At first, he didn’t let it affect his spending habits; if anything, he spent more to prove he could,” the insider said, adding that West eventually had no choice but to adjust his spending habits, like flying instead of flying private jets.
Earlier this month, the rapper and his wife, Bianca Censori, were spotted on a commercial plane. They were even filmed by a fan who shared the video on social media and said they didn’t expect the rapper to be on their flight.
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The source added that West, who was married to Kardashian from March 2014 to March 2022, is still required to pay child support, which he is unlikely to be able to maintain, while his ex-wife continues to live a lavish lifestyle.
“So that puts him in the humiliating position of having to actually ask Kim to give him a break and help him. Having to admit to her that things aren’t as great as he wants to pretend Pretending is rock bottom for him, the only thing downstairs is falling apart so he has to humble himself and ask her for help,” the source added.
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As of this writing, the rapper has yet to publicly disclose his financial status.
According to Forbes’ World’s Billionaires list, Kim Kardashian has a whopping net worth of $1.7 billion. In 2023, her shapewear venture, Skims, was valued at $4 billion.
West was once a billionaire, but after a series of controversies, he was dropped by companies like Gap, Balenciaga and CAA, bringing his net worth to around $400 million.
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