Kanye West is reportedly facing a financial “crisis” as his star power continues to take a hit amid his various scandals.
Following his controversial support for Hitler, the “Donda” rapper, who has been banned from performing in major European cities, as well as other locations across the UK and the US, is now said to be scrambling for shows to perform.
Kanye West also reportedly lost a staggering $3 million overnight, yet pays his wife, Bianca Censori, “hundreds of thousands” of dollars to make her controversial stunts in public with barely-there clothes.
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Why Kanye West Is ‘Under Serious Financial Pressure’
West is reportedly experiencing a crisis in his career following his controversial social media remarks and vocal support for fascism, as a new report claims he is “under huge financial pressure’
The “Vultures 1” rapper is scheduled to perform at the Rubicon festival in Bratislava, the capital of Slovakia, next week. With a 26,000-capacity venue, he likely wouldn’t have considered such a gig in the past.
However, West seems not to have a choice as he has been told to “stay away” from Germany, France, the U.K., Spain, Italy, Scandinavia, and Australia due to his pro-Nazi views.
Reports suggest both Wembley Stadium and the London Stadium in the UK blacklisted him even before he released his “Heil Hitler” song in May, leaving him to scramble for bookings around the globe.
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“He’s getting his team to phone around desperately asking for gigs, and he is said to be asking for $7 million a night. No one will touch him with a barge pole,” a source told the Daily Mail. “Wembley and London Stadium both said: ‘No chance, we don’t need the protests,’ and that was before the single came out.'”
The source added, “It’s the same story everywhere they have asked. He is banned pretty much everywhere in Europe – either the venues won’t touch him or he isn’t able to travel there as he cannot get a visa.”
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The Rapper Faces Stiff Opposition To Bratislava Concert
It remains to be seen how the rapper will benefit from his current business ventures amid his career trajectory.
According to the news outlet, his Slovakian show comes with a capacity of 26,000 fans, but even if seats sell for $200, it’s very hard to see how the gig can pay the outrageous $7 million appearance fee he’s asking for.
Music industry insiders said that “the economics make no sense” as the venue cannot possibly recoup its costs unless it’s getting a share of the higher-value resale tickets.
Things could worsen for West as more than 3,500 people have signed a petition asking the Mayor of Bratislava to bar the rapper from performing, calling it “an insult to historical memory, a glorification of wartime violence and debasement of all victims of the Nazi regime.”
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Kanye West Was Slammed As One Of ‘The World’s Most Famous Antisemites’
The petition, which is endorsed by representatives from organizations such as Peace for Ukraine and Cities for Democracy, accuses West of “repeatedly and openly adhering to symbols and an ideology connected with the darkest period of modern global history.”
The rapper was further described as “one of the world’s most famous antisemites” and says it is “unacceptable that Bratislava should be the only city in Europe” to host a performance by West.
It stressed that he be allowed to perform, it could attract “radical and extremist groups from Slovakia and abroad.”
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The Rapper Pays His Wife ‘Hundreds Of Thousands’ For Controversial Stunt
Despite his financial issues, West reportedly still pays his wife, Bianca Censori, “hundreds of thousands” of dollars to put on her controversial outfits, which he often chooses.
The couple is known to be quite carefree when it comes to spending, as they rarely stay in the country, often residing in five-star hotels together and apart, despite having a home in Beverly Hills.
According to the Daily Mail, insiders claim that West lost more than $3 million overnight in May as his other sources of income closed one after another.
The “Carnival” rapper has since seen his billionaire net worth fall to a $400 million evaluation by Forbes following his controversial antisemitic rants in 2022.
At the time, West’s Yeezy brand lost its lucrative clothing deal with Adidas, as brands like Balenciaga, The Gap, and Spotify also severed ties with him.
A source told the news outlet that West is still living like a billionaire, but the money has stopped coming in, adding that he was “badly hurt by the end of the Adidas deal.”
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Kanye West’s Inner Circle Shrinks
It’s hard to see a silver lining in the situation as the father-of-four is not only losing out on money but also his relationships.
West and his publicist, Milo Yiannopoulos, have since gone their separate ways, which has now been followed by his long-time manager, John Monopoly, who has dropped the rapper.
Amid reports that he and Censori went through a divorce scare, West also faces several potentially costly lawsuits from former employees bordering on sexual harassment, as well as claims of unfair treatment.
He might also never get the chance to fly to Australia to see his wife’s family again, as the country’s Home Affairs Minister, Tony Burke, announced last week that the rapper is now banned from Australia due to his controversial views.
