THE WORD | Kanye West Managed To Get Out Of $53 million In Debt In 3 Years

On Tuesday (July 9), Forbes unveiled their latest cover featuring Kanye West, who they estimated made $150 million over the past 12 months (his team insisted "the number is even higher"), making him the third highest-paid entertainer over the last year. 

This is a huge accomplishment for the Chicago kid, especially when you weigh in the fact that just three years ago Kanye claimed to be in $53 million in debt...So, how'd he do it? According to Forbes, Kanye's fortune can greatly be attributed to his Yeezy brand and partnership with Adidas.

"I'm just blessed through the grace of God to go from tweeting at Mark Zuckerberg" to ask for money, he said, to where he is today.

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Back in August, The Blast reported that Ye was just shy of joining the billionaire club, claiming that Kanye's Yeezy brand had just reached a valuation of nearly $1.5 billion. The site cited the fact that Kanye was a majority stakeholder of the fashion label as further proof he was right at the line of being considered a billionaire. 

While Forbes reported that Ye still hasn't earned the billionaire title just yet, the mag added "the never-modest" Mr. West would certainly "claim he’s there already. And then some."