While Kim Kardashian is getting richer and maintaining her billionaire status, Kanye West is said to be gradually running out of assets due to scandals.

The couple were both billionaires when they finalized their divorce in late 2022. However, there is now a big financial gap between them. According to Forbes, Kim Kardashian’s net worth increased from $1.3 billion to $1.7 billion between 2023 and 2024. Meanwhile, Kanye West had a net worth of $2 billion in 2022, but with the loss of his contract with Adidas and other major partners, the rapper’s assets by 2024 will be around $400 million.

The 47-year-old singer and fashion designer was cut off from Adidas and a series of brands in October 2022 after he made anti-Semitic and racist comments on social media. This has had a strong impact on Kanye’s financial situation.

Kanye’s abandoned mansion in Malibu, California (center).

“Kanye has been burning through his savings at an alarming rate,” an insider told In Touch. “He’s still making money, but since losing his Adidas deal, he’s seen a lot of zeros disappear from his net worth.”

The source said that Kanye initially didn’t let this affect his spending habits, and even spent more to prove he was okay, “but now he has no choice but to cut back, like flying economy class instead of private jets.”

In early June, a fan shared a TikTok video of Kanye West and his second wife, Bianca Censori, sitting in economy class on a commercial flight. Kanye slept while his wife passed the time by scrolling through her phone. The fan captioned it: “Can’t imagine seeing Kanye West when I get out of the bathroom, to say the least.”

Kanye West and his wife sat in economy class.

Meanwhile, Kim Kardashian owns a $150 million private jet and a slew of luxury cars. “She can also charter a private jet or a limousine service with the snap of a finger,” the source said.

The 43-year-old reality TV star is considered a smart money manager and good at making money. Kim’s business, especially the fashion brand Skims, is said to be booming.

According to Dailymail, Kim Kardashian has just completed the renovation of a dreamy villa on the Malibu coast. Kim bought this property in September 2022 for $ 70 million and renovated it in her favorite monochrome style, similar to the $ 60 million mega-mansion she and her children are living in in Hidden Hills.

Kanye West also bought a villa in Malibu in 2021 for $ 53 million, then demolished it to renovate it to his liking. However, until now, the villa has become dilapidated and is abandoned. The rapper also abandoned his 320-acre estate in Calabasas, California. In the photos taken by Page Six in May, the house was in a state of disrepair and showed no signs of being renovated.

Kanye had just sold his Wyoming ranch – a property he bought in 2019. He had many ideas for the vast ranch, but Kanye has reportedly not paid much attention to it recently. Sources say the American rapper is currently living in a $20,000-a-month rented penthouse in West Hollywood, California. The apartment has two bedrooms and three bathrooms.

In Touch quoted a source as saying that Kanye West’s financial situation is so bad that he has had to ask Kim Kardashian for help. According to the divorce agreement, Kanye pays his ex-wife $200,000 a month in child support for their four children – an amount that was nothing compared to the rapper’s billion-dollar fortune at the time. However, the source revealed that in the current situation, Kanye has difficulty maintaining the agreement, so he “humbled himself” to ask Kim for support.

Amidst the financial difficulties, Kanye West is also facing lawsuits from former employees. He was sued by employees at Donda Academy – a private inter-level school that the rapper closed – for discrimination, harassment, and creating a hostile work environment. In addition, Kanye was sued by a former female assistant at the fashion company Yeezy for sexual harassment and unpaid wages.