Kanye West in a Financial Free Fall?

Last month there were rumors that Kanye West was having serious money problems and had been forced to beg his ex-wife, Kim Kardashian, for financial help [click here if you missed that]. 

Now more sources are claiming Ye is in a financial free fall...

From The Sun

KANYE West is in "free fall" with his Yeezy business halting orders and mounting lawsuits, as sources fear the former billionaire could end up with financial issues.

Kanye has made desperate attempts to bounce back after outrage over his anti-Semitic comments back in 2022.

But despite his independent Vultures album release doing well on streaming services, he is allegedly considering retiring from music.

Rapper Rich The Kid shared an alleged text from the rapper this week that read, "I am retiring from professional music. Not sure what else to do."

His Yeezy fashion business has also struggled to get back on track and is currently not taking orders.

Chaos has seemingly followed the star in recent years as he is being sued by multiple former Yeezy and Donda Academy staff members, along with his ex-personal assistant.

According to Forbes, Kanye was once worth a staggering $2 billion, but in recent years that has plummetted to $400 million.

Despite still having big bucks in the bank, sources say his spending is out of control, and mounting lawsuits could result in huge payouts.

"He may have made money in the past and from his recent album, but the way he’s going he's going to have serious financial issues in the future if he keeps going the way he is," an insider told The U.S. Sun.

"He'll likely never going to be broke, but he's going to be brought back down to Earth if he doesn't get his life together."

The star is known for spending months living in luxury hotels such as Soho House and the Chateau Marmont, regularly travels to exotic locations, dines in high-end restaurants, and shops for designer clothing.

"Kanye is in free fall right now and he doesn't seem to care that everything is falling apart," the source went on.

"He's fired lawyers, refuses to get on top of all of the lawsuits, and he's gone through multiple publicists in recent months.

"His Yeezy business has not been doing well after his relaunch and now the site is fully down as more people desert him.

"There were complaints about delivery time and people not getting their shirts even before he slashed all of the prices."

An announcement on his Yeezy website on July 3 warned shoppers that the site is "no longer accepting online purchases."

It comes just days after Kanye priced all of his merchandise at just $20 per item, and following the closure of his Yews New platform which launched back in December.

The source said his Yeezy HQ in West Hollywood remains a mess after he tore the roof off, and most of his clothing was manufactured at the Los Angeles Apparel factory in Downtown Los Angeles, but now that's stalled.

He hired Los Angeles Apparel founder Dov Charney as the current CEO of Yeezy, but it is not known if he's still on board.

Kanye was seen this week at yet another large commercial building, this time on Beverly Boulevard in West Hollywood.

According to property records he does not own it, although sources say he's likely renting and planning to do construction work, despite leaving his HQ looking like an eyesore just minutes away.

"He has still been working with Gosha Rubchinskiy, the Russian designer, but Yeezy has not managed to really get off the ground," they said of his work relationships.

"Kanye changes his mind all the time still and can barely finish a project."