Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Entertainment
Harry Rutter

Kanye West 'months from financial crisis' after his vile racist posts shocked the world

Controversial Kanye West could be 'just months from financial crisis', claims a source.

An insider close to the Bound 2 rapper's finances says he 'could be in trouble soon' if he 'doesn't find a way to turn the tide'.

It comes after his vile racist messages, random onslaught of social media attacks and his questionable 'White Lives Matter' stunts.

The expert source claims Kanye has 'five sources of income' and that 'four of them have been shut down' or 'badly compromised' by his outburst.

He only recently purchased a $57million (£49million) home in Malibu, California – a home he's transforming from the ground up, a project said to be 'severely at risk'.

Kanye could be 'months from financial crisis', says a source (AFP via Getty Images)

"What it boils down to, says an insider, is that West’s opulent lifestyle is based on the Adidas deal and the rest was gravy," said the source.

"But with the sneaker brand heading for the hills, he’s out about three quarters of his net worth, according to Forbes — a big hole to plug," they told Page Six.

They added: "He has more than $100 million in the bank, he probably has enough in the bank to last a matter of months. It’s all about cash flow."

The insider says that if Kanye released new music, it would provide 'something of a lifeline' - but he would be 'unlikely to net as much as previous albums'.

Kanye releasing new music could be a 'financial lifeline' (AFP via Getty Images)

"He’s a many-time Grammy winner and he has such a large following that his albums go platinum instantly," the source told the outlet.

According to Billboard, his music royalties make him around $5million (£4.3million) - a figure that could 'pay his gas bill for his jet', joked the insider.

They concluded that Kanye has 'a lot of cash by anyone’s standards' but he also has a 'high cash burn rate' - something that could get him in 'trouble'.

The Mirror has contacted Kanye's representatives for a comment.

He was recently allowed back on Twitter after his racist Tweet (SplashNews.com)
The website was bought for $44billion by 'friend' Elon Musk (Instagram)

It comes after he was allowed back on Twitter after his 'friend' Elon Musk bought the social network for a rumoured $44billion (£38million).

Ye was blasted for a vileanti-Semitic tweet amid a series of strange posts also shared to his Instagram account – where he was also 'restricted'.

Meta, which owns Instagram, confirmed to The Mirror they had "deleted content from @kanyewest" for violating their policies. They also placed a restriction on his account.

But now, he's back on Twitter – and it was just one day after the world's richest man Elon took ownership of the popular social media platform.

Do you have a story to sell? Get in touch with us at webcelebs@mirror.co.uk or call us direct at 0207 29 33033.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.