While Kim Kardashian is getting richer and maintaining her billionaire status, Kanye West is said to be gradually running out of assets due to scandal.
The couple were both billionaires when they finalized their divorce in late 2022. However, there is now a huge financial gap between them. According to Forbes , Kim Kardashian’s net worth increased from $1.3 billion to $1.7 billion between 2023 and 2024. Meanwhile, Kanye West had a net worth of $2 billion in 2022, but with the loss of his Adidas contract and other major partners, the rapper’s fortune as of 2024 is around $400 million.
The 47-year-old singer and fashion designer was suspended by Adidas and a series of brands in October 2022 after he made anti-Semitic and racist comments on social media, which severely affected Kanye’s financial situation.
“Kanye has been burning through his savings at an alarming rate, ” an insider told In Touch . “He’s still making money, but since losing his Adidas deal, he’s seen a lot of zeros disappear from his net worth.”
The source said that at first Kanye didn’t let this affect his spending habits, even spending more to prove he was okay, “but now he has no choice but to cut back on spending, such as flying economy class instead of using private jets.”
In early June, a fan shared a TikTok video of Kanye West and his second wife, Bianca Censori, sitting in economy class on a commercial flight. Kanye was sleeping while his wife passed the time by scrolling through her phone. The fan captioned it: “Can’t imagine seeing Kanye West when I come out of the bathroom, to say the least.”
Meanwhile, Kim Kardashian owns a $150 million private jet and many luxury cars. “She can also hire a private jet or limousine service with the snap of a finger,” the source said.
The 43-year-old reality TV star is considered a smart money manager and good at making money. Kim’s business, especially the fashion brand Skims, is said to be booming.
According to Dailymail , Kim Kardashian has just completed the renovation of her dream villa on the Malibu coast. Kim bought this property in September 2022 for $70 million and renovated it in her favorite monochrome style, similar to the $60 million mega-mansion she and her 𝘤𝘩𝘪𝘭𝘥ren are living in in Hidden Hills.
Kanye West also bought a mansion in Malibu in 2021 for $53 million, then tore it down to renovate it to his liking. However, the mansion has since fallen into disrepair and is currently abandoned. The rapper also abandoned his 320-acre estate in Calabasas, California. In photos taken by Page Six in May, the house was in a state of disrepair and showed no signs of renovation.
Kanye just sold his Wyoming ranch, which he bought in 2019. He had many ideas for the sprawling ranch, but Kanye has reportedly been keeping a low profile lately. Sources say the rapper is currently living in a $20,000-a-month penthouse in West Hollywood, California, which he rents for two bedrooms and three bathrooms.
In Touch cites a source as saying that Kanye West’s financial situation is now so bad that he has asked Kim Kardashian for help. According to the divorce agreement, Kanye pays his ex-wife $200,000 a month in 𝘤𝘩𝘪𝘭𝘥 support for their four 𝘤𝘩𝘪𝘭𝘥ren – a sum that was once nothing compared to the rapper’s billion-dollar fortune at the time. However, the source revealed that in the current situation, Kanye has difficulty maintaining the agreement, so he “humbled himself” to ask Kim for help.
Amidst the financial difficulties, Kanye West is also facing lawsuits from former employees. He was sued by employees at Donda Academy – a private inter-level school that the rapper closed – for discrimination, harassment, and creating a hostile work environment. In addition, Kanye was sued by a former female assistant at the fashion company Yeezy for 𝓈ℯ𝓍ual harassment and unpaid wages .
