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Kayne, keeping up with the Kardashians
Old 02-16-2016, 08:03 AM   #1
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Kayne, keeping up with the Kardashians

Pretty pricey to the tune of $53 million. Don't ever like to see anyone fall on hard times but at what point don't you understand that if you spend more than you make, you're going to be in debt.
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Old 02-16-2016, 08:46 AM   #2
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And despite being 53M in debt, he will always live like a millionaire+.
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Old 02-16-2016, 08:52 AM   #3
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He is such an arrogant person there will be a lot of scheudenfreud if he really goes bankrupt.


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Old 02-16-2016, 08:54 AM   #4
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Who is Kayne?
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Old 02-16-2016, 08:56 AM   #5
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He is married- I would think that his wife has enough money to pay the bills- and would they not be both responsible? Unless of course the debt came into the marriage. Maybe he should sell the big mansion he is building and pay off his debts.
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Old 02-16-2016, 09:06 AM   #6
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Who is Kayne?
A black rapper married to one of the Kardashians.

The guy takes himself way too seriously, IMHO.

Kim K. might consider boning up on the innocent spouse relief part of the IRC as usually these case involve tax non payment and penalties.
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Old 02-16-2016, 09:08 AM   #7
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A black rapper married to one of the Kardashians.

The guy takes himself way too seriously, IMHO.
Oh. Kanye West. Not Kayne. Someone I have no reason to care about. Thread goes on ignore for me.
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Old 02-16-2016, 09:12 AM   #8
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Oh. Kanye West. Not Kayne. Someone I have no reason to care about. Thread goes on ignore for me.
I understand but I always like to see how these things play out. Who knows, someday I could become a famous black rapper, just one option available to those of us who are FIRE.
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Old 02-16-2016, 09:25 AM   #9
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He is married- I would think that his wife has enough money to pay the bills- and would they not be both responsible? Unless of course the debt came into the marriage. Maybe he should sell the big mansion he is building and pay off his debts.

I think this is VERY common in the entertainment world but maybe not the degree of $53M. My wife has dealt with several entertainment folks here in the Atlanta area that have looked for high-end properties to rent and without fail, most of them have lousy credit and multiple judgments, bankruptcies and evictions. I have access to a database that is used to do background checks on folks (it's all publicly available information, this database just puts them all together) and the few celebrities I have pulled up have lots of negative stuff...it's somewhat surprising.
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Old 02-16-2016, 10:09 AM   #10
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Don't know much about the guy, but is it "negative net worth" of 53 million, or "that side of my balance sheet has 53 million on it that I'd rather not have"?
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Old 02-16-2016, 10:20 AM   #11
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The song "Gold Digger" seems very ironic at this point.
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Old 02-16-2016, 10:35 AM   #12
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He is imploring Mark Zuckerberg to invest $1bn in him. Pathetic!
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Old 02-16-2016, 11:25 AM   #13
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He chose to finance an 8-figure mortgage and his clothing line even though he could've paid cash for all of it. He has a net worth of $100M+, he'll be fine. He just released a new album and will do literally anything to sell more copies include tell his fans he's broke.
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Old 02-16-2016, 11:31 AM   #14
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He chose to finance an 8-figure mortgage and his clothing line even though he could've paid cash for all of it. He has a net worth of $100M+, he'll be fine. He just released a new album and will do literally anything to sell more copies include tell his fans he's broke.
Exactly. They use the bankruptcy laws to their advantage. There is a certain real estate dude on TV that's pretty famous. He has two bankruptcies, several defaults on mortgages and at least three foreclosures...all in the last 10 years (the most recent being last November). He still lives in a house that is assessed at $2.5M and is still on TV making gobs of cash. It's how they roll...
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Old 02-16-2016, 11:39 AM   #15
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IIRC, this is about asset protection because someone who is suing him. (I might have the wrong guy but I think it's him).

If the courts determine against him, "he's broke" and has no assets so....
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Old 02-16-2016, 12:01 PM   #16
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I truly resent the fact that some portion of my consciousness is devoted to being aware of these people's existence.
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Old 02-16-2016, 12:07 PM   #17
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This is one example of why I don't listen to or watch the headline "news", if you want to call it that.
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Old 02-16-2016, 12:17 PM   #18
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I truly resent the fact that some portion of my consciousness is devoted to being aware of these people's existence.
+1 Every minute of my life focused on these fools is a wasted minute; and I have limited minutes!
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Old 02-16-2016, 02:18 PM   #19
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+1 Every minute of my life focused on these fools is a wasted minute; and I have limited minutes!
I'll add my +1 to yours for the original comment, and another +1 for your post!
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Old 02-16-2016, 02:51 PM   #20
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Joan Rivers said it best "bad publicity is better than no publicity" or she's credited with saying it.

I think he's lying. I think he hasn't done anything stupid to stay in the news in a while and he's afraid Donald is upstaging him.
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