Published February 17th 2016
Last week, Kanye West released his new album, “The Life of Pablo” during his a big Yeezus 3 fashion event in New York. Since, he’s managed to keep people talking about everything other than the album and his music, especially when he confessed he was $53 million in debt.
Is Nothing What It Seems With Kanye West?
Kanye West and his business skills
Of course, you’d have to realize he’s a business man and, this has been reported too, the money is what he personally invested in his own businesses, mainly his clothing line. And just like any business man, I would hope, he has a plan to make it profitable to make this money back, and then some.
It’s also been reported that he is perfectly capable of earning the money back. Just last year he’s grossed $22 million and $30 million the year before. So, if he calculated it correctly, he should just bite the bullet for a little while, until his investment returns.
And yes, in the mean time he’s shut down as an entrepreneur, because more capitol is needed for him to keep moving forward, which is why he’s asked a major investment, of $1 billion, from Facebook’s founder Mark Zuckerburg. He’s, very wisely, not responded.
All of this is actual the normal method of doing business, but, in this case, it’s done in a typically over dramatic way by an oversharing Kanye West.
Entrepreneur vs Investor
It has raised an interesting question among entrepreneurs. How much is enough to invest in your plans? Any entrepreneur is restricting by money issues. The more funds you have available the more you can do to make things happen, but most investors, and I’m sure Kanye will get to hear this too, will look at the facts and figures only.
If you have $53 million invested, only make $22 million back, then you are asking for an unreleastic amount when asking for $1 billion. An investor would also like to see positive figures, like growth and/or profits. Kanye made less in 2015 than in 2014. It’s just not looking good, but then again, if you never ask, you know for sure you are never going to get it.
Crowdfunding
But that’s where a writer decided to help Kanye West with his debt. He created a GoFundMe page to raise the $53 million and push Kanye forward.. Of course it is pretty senseless, because if Kanye West were good at doing business, he’ll get out of his debt all on his own, but the page has raised $250 at the time of publication. When the first story broke about this crowdfunding page, earlier today, it was set at $63, so publicity is helping the cause.
