Kanye West Takes Out $2 Million Line of Credit to Afford New York Apartment
It's been a few weeks since Kanye West's wife Kim Kardashian was robbed of millions of dollars and some say Ye's recent finances aren't adding up. The Daily Mail reports that West took out a $2 million line of credit from JP Morgan on his New York City apartment months before Kim was robbed for millions in jewels. The credit line agreement states that the bank will make advances to Kanye in a principal amount not exceeding $2 million. According to this agreement, Kanye has until 2036 to pay back the funds. The paperwork filed Sept. 27 of this year shows that JP Morgan granted the line on July 12.
Kim was robbed in her hotel room while in Paris for Paris Fashion Week earlier this month. The reality TV star was held up at gunpoint by a group of thieves who were said to be posing as police officers. TMZ reports that the burglars stole roughly $9 million in jewelry, as well as two cell phones and a wallet with credit cards. Kanye West was in Queens, N.Y. at the time of the robbery and abruptly ended his performance at the Meadows Festival when he found out Kim was in trouble. In light of the ordeal, Kanye has rescheduled a bunch of his Saint Pablo tour stops and beefed up security around his family.
"It's incredibly traumatic what happened to her," Kim's sister Khloe Kardashian explained while on The Ellen Show earlier this week. "Our family is super close and great and we'll get through it together."
According to TMZ, Kim and Kanye are in the process of suing gossip site Media Takeout for publishing stories alleging that Kim faked the Paris robbery.
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