“Life of Pablo” rapper Kanye West surprised some people when he announced he was $53 million in debt in February. It’s even led some people to think that months later he and his wife, “Keeping Up With the Kardashians” star Kim Kardashian, planned her armed robbery as an insurance scam.

Remember when he wrote this?

“I write this to you my brothers while still 53 million dollars in personal debt... Please pray we overcome... This is my true heart...” The post was shared more than 15,000 times and garnered more than 35,000 likes.

The main problem is even if West has “$53 million in debt,” his total net worth would easily engulf his debt, if he chose to pay it off, and still leave him richer than most.

That’s because the Chicago native has a net worth of $145 million, according to Celebrity Net Worth. It could be as high as $180 million, Bustle reported. With Kardashian’s money added to the mix, that brings their fortune to a total of $230 million. While there is no limit to some people’s greed, it’s unlikely they would have orchestrated an armed theft of more than $10 million in jewels to get more money, a theory that has been claimed by some.

That said, the famous couple likes to spend their money. West dropped $6.2 million on his marriage proposal alone, according to Go Banking Rates. Their wedding set them back $2.8 million.


Who enjoyed the finale? _ #KUWTK @iamkimwest you are beautiful!

A photo posted by Yeezus. (@privatekanye) on

The couple also likes to travel — and they don’t do commercial. A private jet from California to New York can set them back as much as $50,000, Go Banking Rates noted.

They have lived with Kardashian’s mom, Kris Jenner, since 2013. But it doesn’t mean they’re saving on rent. The Kardashian-Wests purchased a Bel Air, California, mansion for $9 million and spent $2 million on renovations, but never moved into it in 2013. A year later, they bought a $20 million mansion in Hidden Hills, California, but are still revamping it.

Some of the pricey fixtures consist of $20,000 faucets, Go Banking Rates revealed. They got rid of the pool so they could add a “body of water.” “They removed the old pool that was there, and this will be double the size of the old pool – and an unusual shape,” an insider told Us Weekly in May 2015.

That’s just in California. The couple also has real estate in Paris, France and New York City.

When it comes to cars, the more expensive the better. West is the proud owner of a Mercedes-Maybach, which can cost up to $190,000. He also has two armored cars, which set him back $1 million. Kardashian owns a Rolls-Royce Ghost, which starts at $300,000.

After he tweeted about his debt, West wrote days later: “Yes I am personally rich and I can buy furs and houses for my family,” which essentially means, he still has millions to spend on his loved ones.

Consider the insurance scam debunked. Whether it was done as a publicity stunt is something netizens have discussed at length.

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