Kanye West opens up about losing $2 billion in one day, sharing how he struggled financially and relied on friends for food.
Kanye West, the famous rapper and producer, recently shared shocking news about his finances.
He revealed that he lost $2 billion in just one day.
This dramatic change has left him feeling broke, and he even mentioned that friends had to buy him food during this difficult time.
Kanye West reveals difficult moment he lost $2 billion in one day and friend had to pay for his food
Kanye, who is 47 years old, explained that his money problems started when various companies decided to cut ties with him.
This happened after he made controversial statements online, including anti-Semitic remarks.
Major brands, like Adidas, ended their partnerships with him, which heavily impacted his wealth.
During an appearance on a podcast called “The Download,” Kanye talked about his sudden financial struggles.
He recounted a time when he and a friend went to a restaurant called Beauty & Essex.
At that moment, his accounts were frozen, and he had no access to his money.
It was a surprising experience for someone who once had billions.
Kanye West had to rely on friend’s budget for food
Kanye’s friend Justin Laboy shared that they had to use Justin’s credit card to pay for their meal.
“We were going there to eat every day. I remember when they froze your accounts. Man, I remember I had to put my little American Express down.”
He recalled, “That was the first time I saw a billionaire have no access to money.”
Kanye agreed, describing the situation as surreal, almost like an episode of the show “Black Mirror.”
He felt that the situation was a way for powerful people in the media and music industry to show him he couldn’t speak freely.
He indicated industry double standards, where artists can express many things, but certain messages are censored.
Kanye replied: “It was crazy. It was like some Black Mirror episode.
They wanted to do everything to prove to me that I didn’t have the right to say anything out loud that went against the people who own the media and the people who own the music industry – the people that Drake is going up against right now, ironically.
“We can say anything. We can say, ‘I’ma kill you, we can say, ‘I’ma sell drugs to you,’ we can say, ‘I do drugs,’ but you can’t message that.
You can’t even message on a song because there’s censorship still.”
Kanye’s lifestyle changed after losing wealth.
With this sudden loss of wealth, Kanye mentioned that his lifestyle has had to change.
He joked about how he needed to start dressing like a millionaire again, which he interpreted to mean wearing more jewelry.
He reflected on how, as a billionaire, he could dress casually, but now he felt pressured to show off wealth through fashion.
Kanye’s sense of humor about his situation provided a glimpse into how he copes with challenges.
“When you got money, you go in and prove you have got money.
“I remember when I lost all the money, I was like ‘damn I better start dressing like a millionaire now’, which actually means more jewellery. When you are a billionaire you can dress super bummy.”
The rapper experienced significant financial downturn.
Kanye’s financial decline is particularly striking given his previous status.
Just a week before this revelation, he had claimed to be worth $2.77 billion, citing his music and the Yeezy brand as primary sources of wealth.
However, after his controversial remarks, many business relationships were severed, leading to the drastic decrease in his net worth.
This drastic financial shift highlights the volatility of celebrity wealth.
One moment, a star can be on top of the world, and the next, they can face significant challenges.
Kanye’s case serves as a reminder of how quickly fortunes can change.
Past financial struggles
Kanye has a history of financial ups and downs. In 2016, he was reported to be $53 million in debt.
He admitted feeling overwhelmed by his finances and asked for prayers to overcome his struggles.
His experience with bipolar disorder has also made headlines over the years.
Kanye was diagnosed in 2016 after a psychiatric emergency, leading to further discussion about mental health in the public eye.