Fashion Landed Kanye West in DebtEveryone knows about Kanye West's success story as a rapper, a husband and father, and now even as a designer with his new Adidas collection getting ready to hit stores nationwide. What many people don’t know, however, is that Kanye’s love of fashion once landed him in debt. The rapper, whose net worth is estimated to be upwards of $130 million, has just revealed that the poor reception from his ready-to-wear women’s wear line from 2012 caused him to be in debt.
The 2012 ready-to-wear line was one of the rapper’s first major ventures into fashion. Kanye funded the line completely with his own money, and was left in debt after fashion critics didn’t take kindly to his work. Kanye remained optimistic despite the tough times and said, “I gained because I had the privilege to be educated. I had enough of a value to be able to go into debt, and that was a blessing. Some people don't even have the opportunity to be able to go into debt."
Though there are still a few who don’t believe in Kanye’s sartorial capabilities, the 37-year-old rapper has preserved through it all. Kanye has built a reputation for himself as a worthy designer and tastemaker and, just three years after his disastrous collection, is the head of the most talked about clothing lines of all time. It’s clear that Kanye is here to stay, whether you like his clothes or not.