Everyone knows Kanye West is a billionaire, and he's blowing through his money like it's nothing.
Despite being worth more than a billion dollars, the "All of the Lights" rapper does not have a fixed residence and instead spends his money on anything he desires.
According to a close acquaintance who spoke to TMZ, Kanye has been living like a vagrant, rarely staying in the same spot for more than a few days and even making reckless business decisions.
This has already fueled fears about his imminent financial disaster.
According to the insider, the father-of-four has been renting out beautiful hotel rooms and big rental mansions and has apparently spent a lot of money on his Yeezy display in Paris.
"He blows through his money like it's water," the unnamed source said.
He even reportedly purchased a conservative social media platform, Parler.
Kanye has also fired his investor Shervin Pishevar and lost many advisors and publicists.
In an interview with "Drink Champ," Kanye West revealed he purchased a $50 million penthouse, another note-worthy addition to the many other real estate transactions he has made.
He also purchased a home next to his ex-wife Kim Kardashian in Hidden Hills. But the house needed major remodeling. It is said that he bought the mansion so he could be close to his kids.
However, his home hasn't been touched in the last year, nor has he ever lived in it.
Kanye has also built a mansion in Malibu near his estranged wife's home, although it has yet to be completed.
According to Forbes, Kanye West has an estimated net worth of $2 billion.
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'Kanye West Day' in Atlanta
Meanwhile, the former Atlanta councilmember who initiated the city's "Kanye West Day" is apparently distancing himself from him, stating that she would not bestow the honor on him today and may never do it again.
This follows his previous contentious internet utterances.
Natalyn Archibong, according to TMZ,is bidding him a "shocked and disgusted adieu."
She stated that she did not wish to participate in revisionist history. Still, she stated that he would not make the same pronouncement for the "Gold Digger" rapper now, especially given his anti-Semitic tweets and comments regarding George Floyd's death.
After commencing his Donda tour in Atlanta, it was originally rumored that July 22, 2021, would be "Kanye West Day."
However, the driving force behind the statement disclosed that it would be a one-time occurrence that could not be reproduced or erased.
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