Kanye West in trouble? Sources reveal massive financial strain could be career-threatening
is known for getting into trouble, but this time it could cost him everything. People say that Ye is in a lot of money trouble that could end his career. This is because other countries have banned it, the team is breaking up, and there is a growing backlash.
How bad is Kanye West's financial situation?
According to reports, Kanye West is "under huge financial pressure." People who know him say he might lose his billionaire status and power around the world. He is experiencing a financial "crisis" as his reputation continues to suffer due to his numerous scandals.
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He is banned from performing in major European cities and other US and UK locations due to his controversial support for Hitler and is reportedly frantically looking for shows.
People say he is so desperate to get work that he pays his wife a lot of money to do public stunts and loses friends he has known for a long time.
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According to reports, Kanye West also lost an incredible $3 million in a single night, but he still pays his wife, Bianca Censori, "hundreds of thousands" of dollars to perform her controversial public stunts while wearing barely noticeable clothing, as per a report by The Blast.
Next week, the "Vultures 1" rapper will play at the Rubicon festival in Slovakia's capital, Bratislava. The venue has a capacity of 26,000, so he probably wouldn't have thought of doing such a gig before.
Why can't Kanye book shows anymore?
Kanye West is going through a crisis in his career as a result of his controversial social media comments and outspoken support for fascism.
Due to his pro-Nazi beliefs, West has been advised to "stay away" from Germany, France, the United Kingdom, Spain, Italy, Scandinavia, and Australia, so it appears he has no other option.
According to reports, he was blacklisted by the London Stadium and Wembley Stadium in the UK even before he released his song "Heil Hitler" in May, forcing him to compete for bookings all over the world.
"He's reportedly asking for $7 million a night, and he's getting his team to call around frantically looking for gigs.
The Daily Mail reported that, "No one will use a barge pole to touch him." "Wembley and London Stadium both said: 'No chance, we don't need the protests,' and that was before the single came out."
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"Everywhere they have asked, it's the same story," the source continued. Almost all of Europe has banned him; either the venues won't let him in or he can't get a visa to enter the country,' as per a report by The Blast.
Why is the rapper facing strong opposition to his concert in Bratislava?
Since it is unclear how the rapper will profit from his current business endeavors in the context of his career trajectory, the Bratislava concert is met with strong opposition.
His Slovakian show can accommodate 26,000 people, according to the Daily Mail, but even if tickets sell for $200, it's difficult to imagine how the gig could cover the outrageous $7 million appearance fee he's requesting.
According to insiders in the music industry, "the economics make no sense" because the venue cannot possibly recover its expenses unless it receives a portion of the more expensive resale tickets.
A petition with over 3,500 signatures has been signed by the mayor of Bratislava, requesting that the rapper be prohibited from performing because it is "an insult to historical memory, a glorification of wartime violence, and a debasement of all victims of the Nazi regime."
The petition alleges that West has "repeatedly and openly adhering to symbols and an ideology connected with the darkest period of modern global history."
Given that Australia's Home Affairs Minister, Tony Burke, declared last week that Kanye West is now prohibited from entering the country because of his divisive opinions, the rapper may never again have the opportunity to travel there to visit his wife's family.
Is anyone still in Kanye's corner?
As Kanye West loses out on relationships in addition to money, his inner circle gets smaller. Longtime manager John Monopoly and his publicist Milo Yiannopoulos have parted ways, and he is facing a number of potentially expensive lawsuits from former workers that allege unfair treatment and sexual harassment.
FAQs
Why is Kanye struggling to book concerts?
Given his antisemitic remarks and controversial stunts, venues in Europe and the United States have reportedly blacklisted him.
Is Kanye West still a billionaire?
No. Forbes now estimates his net worth at $400 million, down from more than $1 billion after losing major brand deals.
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