Kanye West Claims He’s In Some Extreme Debt, But Is It The Truth?

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Kanye West is still tweeting and knows all eyes are on him, which is likely why he dropped this piece of news onto his timeline last night before heading to the stage on SNL:

$53 million is a lot of debt to have personally. The crushing weight of our own obligations to creditors is bad enough, so can you imagine $53 million worth of obligations just sitting right on your chest. It’s going to suck hard. Consequence of Sound has a little speculation behind this mystery:

Presumambly [sic] a majority of that debt has been accrued via his various fashion endeavors. APC founder Jean Touitou confirmed as much in a 2014 interview, at the time saying Kanye was $30 million in the hole from his line of women’s clothes.

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