Thursday, February 18, 2016

Kanye West and Kim too much speeding on renovating their $20m mansion... might be the reason for $53m debt

So much work: Kim Kardashian and Kanye West are spending a fortune remodeling their $20m Hidden Hills, California, mansion, according to a Wednesday report from People
Kanye West declared this week on Twitter that he is having financial issues because he has invested $53m of his own money into his projects. And on Wednesday, People pointed out that the 38-year-old singer has been overspending on his $20m Hidden Hills, California, mansion that is currently undergoing a second round of renovations.

Not satisfied: The couple - seen here in NYC on early February, snapped up the home, once owned by Elvis' daughter Lisa Marie Presley, in August 2014 and have since done two renovations to it

But the rapper soon after clarified he still has a great deal of personal wealth, but the statement put a big spotlight on his finances with many scratching their heads over his claims as he continues to lead an opulent lifestyle with wife Kim Kardashian.


'They both make a ton of money but they also spend a ton,' said a source. It was also noted that Kim made $53m in 2015 and Kanye made $20m in 2014,

The insider continued: 'And they are sparing no expense with their new house. They are spending $20,000 fixtures, the perfect flooring – the costs have been endless.'
The home is also being resurfaced, which the couple admitted to earlier this month when they spray painted their love for each other on the old surface.

Pricey: A People insider said: 'And they are sparing no expense with their new house. They are spending $20,000 fixtures, the perfect flooring – the costs have been endless'
Their last money pit: They had purchased a home in Bel-Air in 2013 for $11m and had extensive renovations done to it, but were never happy with the work and never lived in the place. 'It was a huge mistake,' an insider told People
The estate sits on 3.5 acres of land and features two swimming pools, two spas, two barbecue centers and even a vineyard.

This comes after already having spent millions on the first remodel which took around six months (while their home is being worked on, they live at Kris Jenner's Hidden Hills property).

And it also comes after the parents to North and Saint spent millions decorating the palatial house. Those old furnishings may have already been sent to Goodwill.
The couple snapped up the property, once owned by Elvis' daughter Lisa Marie Presley, in August 2014.. 

Always on the go: Mr and Mrs West in New York City on Sunday with daughter North; they have since flown back to Los Angeles

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