$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.