Kanye West Faces Costly Fallout: A Timeline of His Struggles and Struggles With His Brand
Just when you think there’s no way you could’ve handled any crisis of the last 15 years, something else entirely comes along to wipe out your vision of the perfect human life. That’s the case with Kanye West, who is now in crisis mode after Kanye West Records and Yeezy Season Records, who he founded and co-signed, are out of business.
West, who in the words of Forbes has “the most successful retail business in history,” reportedly owes his business partners $65 million he has yet to pay. Meanwhile, his wife, Kim Kardashian, who owns the Kardashian name and “the most successful entertainment company in history,” is worth over $700 million. (As if she weren’t plenty busy with her family.)
At the same time, he is now in debt up to his eyeballs. And that’s just the tip of the iceberg.
West is facing the collapse of two of the three largest business entities he’s ever worked with. He’s also in the middle of a legal battle that will cost him personally upwards of $500 million. As an aside, the legal fees alone will be enough to make West the richest man in the history of the world.
At worst, West has himself to blame for making this all happen. At best, he is to blame for allowing himself to get into the middle of business deals fraught with controversy, greed and sexual misconduct, that will end up costing him far more than the amount he had hoped to make in a few short months.
But in this current climate, it’s time to talk about the financial mess West is now in. What has his entire life been about? How did it get to this point?
Let’s jump right in. It all started in 2003, when I was 18 years old and looking for a job in Hollywood.
It wasn’t a hard-to-find position