Kanye West’s peculiar money management is raising quite a few eyebrows.
According to the Daily Mail, the “Famous” rapper took out a line of credit, to the tune of $2 million, just months before his wife, Kim Kardashian, was held up at gunpoint and robbed of $5.6 million in jewelry, including her engagement ring.
As for the collateral used to secure the large loan — granted to him on July 12 — records filed on Sept. 27 indicate that the 39-year-old rapper put up his $1.25 million SoHo apartment, to seal the deal. Meanwhile, the entertainment site states that the father of two will receive advances from the bank, not to exceed $2 million, with a pay back deadline of 2036. In 2013, West secretly listed his Big Apple home for $4.5 million, but failed to draw any interest, reports say.
As for the significance, last month, West purchased his reality star wife a 20-carat Lorraine Schwartz emerald-cut diamond engagement ring worth $4 million. However, during a trip to Europe for Paris Fashion Week, the massive sparkler along with another case of jewelry, was lifted when the “Keeping Up With the Kardashians” star was reportedly robbed at gunpoint by a group of masked men, who forced their way into her apartment, before tying her up with zip ties and making off with millions of dollars in goods.
Though Kardashian insisted that “Material things mean nothing. It’s not all about the money. It’s not worth it,” some outlets, like MediaTakeOut, have alleged there was evidence the robbery was “staged.” In the meantime, an investigation is ongoing and no suspects have been apprehended. Of course, West’s large line of equity, taken out prior to the armed robbery, is questionable, to say the least. Considering the reality television family’s long line of publicity stunts, can you blame people for questioning Kardashian’s claim?
Let us know your thoughts in the comment section below.
Date Posted: Wednesday, October 12th, 2016 , Total Page Views: 626
Like what you're reading? Please help us continue providing you with informative and thought provoking stories by becoming a supporter of Moorenews.net