Monday, March 10, 2014

Blind Item #7

That loan I talked about early last week or the week before that had not been paid back and was causing big issues between two A list rap heavyweights was settled really quietly late last week. They even did a nice little press release about how what was once all the A lister's stuff is now jointly owned with the A+ lister. So, the debt is cleared but our A lister is still going broke in a hurry. Apparently he spent $5M on his passion project with his assistant and lost every single penny of it. In one year.

38 comments:

Bacon Ranch said...

Is this the Kanye Jay-Z thing?

Tyger Lilly said...

$5M isn't going to make a dent in either Kanye's or Jay-Z's fortune. Don't know who, though.

Poni-Tayl said...

+1 Bacon Ranch

http://upi.com/2858978

LottaColada said...

Find the passion project.

Kristin (Wiglet) said...

Leather jogging pants line, Lotta. Duh.

Jacq said...

All I could find. Kinda vague

Seven of Eleven said...

Um... I see capslock in your future.

Nutty_Flavor said...

Kanye West is the M.C. Hammer of the new millennium. Had a couple of great hits, got a swollen head, soon to be broke and forgotten.

Maybe Kanye have a Vegas residency someday, like Barry Manilow and David Cassidy.

David Howes said...

Morons! $5 Million can bring in +/-$350,000 per year in income from a CRE investment!

discoflux said...

$5M may not make a dent in Kanye's fortune, per se, but he's blowing through his cash like it's never gonna stop. It's already slowed down significantly with his tour cancellations. His output vs. his intake is what should be considered. In the last year he did that ridiculous KK proposal, is doing the KK wedding, buying that ridiculous property and now buying a different piece of property, and evidently a failed "passion project." This is all on credit, mind you, and if his liquid assets can't keep up with his credit line, he's in trouble.

LottaColada said...

@Kristin- There is not enough leather in this world to stock up kimye's closet.

@Jacq- interesting find. I didn't think it was them at first but this makes more sense now.

hollywood dime said...

reeks of bullshit. so the rocnation deal was supposed to be debt repayment?! LMAOOOOOO. Okay.kanye may be blowing threw money but in debt and broke is the least of his worries. marrying Kim will be the worst mistake he'll ever make. When they get divorced in 3 years that's when you should be worried about his money.

hollywood dime said...

Settled quietly and yet a press release.

Steampunk Jazz said...

I always thought there was a $$$ motive behind his attachment to kimkay. It was either going to pay off in money or publicity but he was getting something out of it.…
Maybe fulfilling his momma's fondest wish? ( for him to marry...not for him to marry kimkay)

Sherry said...

I don't think KK and KW will get married. Not if he's smart they won't. Just a feeling I get but then I didn't think she was really pregnant either so what do I know?

sugarbread maker said...

yeah between kim and Riccardo kanye will be broke, broke.
funny how kimmycakes lands him when he is broke and at the bottom of his game not at the top.
how much of a payout did the hump get to walk away? he is laughing all the way to the bank..

sugarbread maker said...

@sherry she was definitely pregnant. her looks are gone and not coming back. you can not pillow fake those ankles. "cankles" that baby ruined her figure for LIFE. she will never SNAP BACK.
beyonce faked it 4sure.

sandybrook said...

Poor poor Kimye :)

hollywood dime said...

@sugar that's the thing though, she 'landed' him like 6 years ago. His connection public with her is what has brought his stock down. They will for sure get married against all of his teams wishes. He thinks that he's in some fairy take love story and everyone else sees it at a Greek tragedy. Kanyes drug use has increased 10 fold since going public. Even when he's exec producing he's become more like a curator of the sound and not active as he was a few years ago. She's going to ruin him.

rajahcat said...

well Kim better "work bitch"



Kristin (Wiglet) said...

Hollywood Dime always has the good shit :)

AsileM said...

Jigga Man is all about the cash!

sugarbread maker said...

Like she ruins everything else. Princess Tainted.

bellaluna said...

Oh God no. Everyone needs to Un - Kanye their everything!

sugarbread maker said...

Princess Taints a lot

under-a-rock said...

I agree w/ @hollywooddime
Ye has been fadin fast for years, IMO.
As a fmr hardcore Ye stan, his music has steadily gotten worse over the years, lyrics, beats, sounds.
He may continue winning praise from billboard and rollingstone, but no one i know still takes him or his music seriously.
As HDime said, u can tell he's more offhands in the booth, the music sounds feels detached. And then as far as cultural impact, his music is less zeitgest than ever. he has really huge overhyped album releases, and then six mos later, we remember maybe 3 songs, Jay-Z's magna carta holy grail is still gettin major airplay.
Kanye West the artist is now a metaphor for Kanye West- the artiste. Everything he does, include this KKrelationship, is his art. The music is just a minor gimme, for the whole Side Show

hollywood dime said...

@under a rock
He's VERY involved in his own work. It's just drug fueled. And bad. But when he produces for OTHERS he is just not what he once was. Cocaine. Cocaine.

nurysp said...

passion project gotta be his clothing line he kept saying he put all his money into

Kristin (Wiglet) said...

Wouldn't it be nice if that passion project was Rob's sock line?
#kindness
#sockmogul
#teamray

auntliddy said...

Well, kims stupid with money, so no worries there.

CocoaBeachBunny said...

Liddy, "kims stupid, with money." Fixed that for ya.

Renee Ortiz said...

@nutty Kanye and Barry Manilow are not even in the same category. Please don't insult Barry that way.

Mylo B said...

This is either Drake & Kanye or

Rick Ross and Snoop

Alita said...

Ahh hollywood dime, if only you and your friend would get that gossip site going! That said, it probably works well, being able to add your snippets here when something comes up.

In conclusion: love your comments and your gossip :)

under-a-rock said...

Ditto what @alita said.
Hollywooddime & VIP r more reliable than the AP & Reuters

susan carter said...

How bout all those cars, clothes, private jets, jewelry, ritardo, start up fashion company's. I mean really...what middle aged rapper lives with his ho' s mother? Pimps his ho out to some old man in vienna? Pleeeeze!! He and the ho can take that gold plated toilet and have it installed in their double wide if it cal bear the load with the human camel toe sitting on ità

susan carter said...

She thinks she cut herself a good deal with that pre nup. 1 million a yr for 1st 10 yrs. He won't even have a million to pay for one year. He's going to be back in the hood or maybe that's why he was touring that slum in brazil. Making future plans for where he will be living.

B said...

You said it discoflux! He also spends like he's wealthy, when he's just a rapper. They fall off quickly and hard.