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Kanye Isn't Really $53 Million in Debt

Photo: Dimitrios Kambouris/Getty Images

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Kanye is not tied down by the rules of logic and facts. He has a song titled "Facts" that hardly lives up to its name and, according to Taylor Swift, made up an entire one-hour conversation with the pop star in which he got her blessing for a new song that mentions her.

In one of his most recent string of tweets, Kanye asked Facebook founder Mark Zuckerberg to invest $1 billion into his ideas. This is after claiming he is now $53 million in debt after financing many of his own fashion and music ventures. A recent report also has it that Kanye is raising $100 million to create a fashion empire.

TMZ reports that while it's true Kanye has poured a lot of money into himself, he is not $53 million in debt. The site's sources say that $53 million is instead the amount to date that Kanye has spent supporting his three Yeezy seasons.

Luckily, the rapper recently tweeted that billionaires and "hedge fund guys" have got in contact hoping for a chance to invest in Yeezy.

It's also reported, almost unbelievably, that Kanye didn't profit at all from his first shoe designs with Nike because he funded the project himself.

Kanye also allegedly paid to have the set for his Yeezus tour made as well as his 2012 "Cruel Summer" film.

If only Kanye were connected to an extremely wealthy reality television family that will profit off of waist trainers until the end of days! Hopefully, he'll be able to get by with annual profits in the ballpark of $22 million in 2015 and $30 million in 2014, according to Forbes.