clock menu more-arrow no yes

Filed under:

Kanye’s Trying to Raise $100 Million to Build a Fashion Empire

Photo: WireImage/Getty Images

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Is Kanye sick of shelling out his own money on Yeezy? A very interesting Page Six report claims that Kanye's been meeting with big-name investors to back his fashion line.

Sources say that includes execs from Richemont, Silicon Valley venture capitalists, LVMH chairman and CEO Bernard Arnault, and Chris Burch, Tory Burch's ex-husband and the mastermind behind C. Wonder.

He's looking for a serious investment too. Page Six reports he's asking for $100 million, and that Kanye's currently been laying out funds for his design efforts from his own personal fortune (estimated by Bankrate at $130 million).

"Kanye is spending a lot of money," a source told the paper. "He thinks on a big scale and is currently paying for everything himself. He needs a backer to help him achieve the kind of fashion-world domination he is aiming for."