Design

When It Comes to Debt, Cities Are a Lot Like Kanye West

Being $53 million in debt is nothing compared to say, financing a sports stadium.
YeezyREUTERS/Andrew Kelly

Ever since The Artist Kanye West announced on Twitter that he was $53 million in personal debt, his financial affairs have been scrutinized and ridiculed to the point where fans have set up a GoFundMe page for him. How could this be? Isn’t West one of Forbes’ richest celebrities?

Apparently Yeezy’s financial woes are tied to efforts to launch his own fashion and sneaker lines. Vanity Fair helps clear up some of the confusion: