Kanye West is nothing if not over the top and his spending is no different.
According to Forbes net worth tracker, “The Life of Pablo” rapper is worth $2 billion.
While most people are aware of West’s successful foray into the fashion industry with his GAP clothing line and his contract with Adidas in 2013 that brought us Yeezy sneakers, many might forget that West was in got deeply into debt about seven years ago.
After taking to Twitter and revealing he lost 53 million in personal debt and asking Mark Zuckerberg to invest 1 billion in ‘Kanye West ideas’, many wondered how he lost so much money. in the first place.
Here are 11 expensive purchases that got Kanye West into debt.
1. Kim Kardashian’s diamond rings.
When West got engaged to his ex-wife, Kim Kardashian, he bought her a 15-carat diamond ring designed by famed jeweler Lorraine Schwartz, according to Diamond Hedge.
The price of the ring was worth around $1.3 million, and while that pales in comparison to the $8 million ring he gave her before their divorce, that money would have meant much more to him in October 2013. , just a few years before his revelation of the debt.
2. A pair of heavily armored SUVs.
According the automotive blog, JalopnikWest bought Prombron from Latvian automaker Dartz.
Although Prombron SUVs retail for around $400,000, West’s heavily armored modifications have cost him more than $1 million – for each.
The $2 million purchase was a way to protect his family, but little did he know that the consequences of his purchase would leave him alone in protecting his bank account.
3. Expensive international jet flights.
Among the long list of stars who take an absurd number of flights in their private jets, West reportedly took a series of expensive international flights when Kardashian was still pregnant with their daughter, North West.
“We are told that Kanye took at least three private jet trips from Paris to Los Angeles (at a total cost of around $100,000) so he could be there for Kim during her exams,” TMZ reported in 2013.
That’s roughly over $33,000 for a flight, and that’s just the logged flights – who knows how many times Kanye has made those international trips.
4. Flowers for his wife on special occasions.
In 2014 alone, Kanye spent over $140,000 on flowers for his wife twice, according to her.
On Valentine’s Day, Kanye gave Kardashian a thousand red roses, which cost her $3,750.
Not bad, but for Mother’s Day, Kanye went above and beyond when he ordered an entire wall of white roses, hydrangeas and peonies worth around $136,000.
Only her bank account knows what else he spent on her on her birthday.
5. Kim Birkin’s birthday and a Hawaiian getaway.
She reported that for Kardashian’s birthday in 2014, Kanye spent $100,000 on a specially personalized Birkin bag with North’s finger paint on it.
Not only that, but he shelled out an extra $3,759 on his trip to Hawai’i.
6. Wedding ceremony and reception at Fort du Belvédère.
In Florence, Italy, in 2014, West and Kardashian were married at the historic 16th-century Belvedere fort, according to a spokeswoman for the office of the mayor of Florence, via US news.
The venue, however, was not cheap.
In order to rent the entire tourist destination and historical monument, West spent $410,000 (300,000 euros at the time) – a pretty penny.
7. A SoHo apartment in New York.
Located in New York’s expensive SoHo neighborhood, West bought a luxurious 2,000+ square foot apartment for around $3.14 million, according to the Observer.
For several years, the New York apartment served as the couple’s base of operations whenever they were in the area, but they eventually sold it as they often stayed in California anyway.
8. Italian Villa in Bel-Air, California.
In 2013, West and Kardashian bought an $11 million mansion in a private, gated community in Bel-Air, California.
TMZ reported that the 10,000 square foot mansion would be gutted and replaced with a 14,000 square foot Italian villa after they finalized the purchase.
The house would include “a gym, movie theatre, full hair and makeup salon, bowling alley, basketball court, indoor and outdoor swimming pool.”
9. The Hidden Hills house for the baby.
E ! News reported that in 2014, Ois and Kardashian had purchased another home closer to Kris Jenner’s Calabasas estate — this time, in the Hidden Hills neighborhood.
They revealed that the $20 million purchase was for the baby they had together, explaining that they wanted more land and space.
“When we bought our Bel Air house, we didn’t have babies, we weren’t even pregnant” Kardashian explains to People.
“After having a baby, you realize that you need so many other things and a different space. So being in town is a different life. We wanted to be away and have more privacy.
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10. Kanye West music videos.
According to HipHopWiredtwo of West’s music videos were among the most expensive music videos in the rap category of 2012.
His “Touch the Sky” music video reportedly cost around $1 million, while the music video for his hit song, “Stronger”, cost around $1.2 million.
Widely considered a creative genius, from West creativity certainly costs a little more than one’s public reputation.
11. Yeezy Season 3 Fashion Show.
For the third season of his Yeezy fashion show, West didn’t want an ordinary place to undertake the effort – he wanted Madison Square Garden.
Insiders told RadarOnline that although Adidas tried to negotiate with the rapper, he turned down any offers that weren’t from MSG.
“Adidas had offered other sites that would have been much cheaper. Those sites were turned down,” the source said.
“Kanye wanted it to be over the top, and he got what he wanted. The rental fees were astronomical and Kanye also had to have elaborate catwalks made.”
West reportedly spent $2 million out of pocket to make the fashion show happen.
It’s safe to say that West tends not to check the price (or his bank account) when it comes to spending money, and this landed him in some pretty muddy waters before he could be bailed out.
Living a life of luxury can get too expensive, even for the rich and famous, if you’re not careful.
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Isaac Serna-Diez is an associate editor who focuses on entertainment and current affairs, social justice and politics. Follow his rants on the news on his Twitter.