Kanye West “has spent almost $ 6million on his presidential campaign” and has “over $1.2 million in outstanding debt,” according to a
financial report.
It’s thought most of the money has come from a $6.7 million personal loan the rapper made to his campaign, split between July and
August.
According to The Hollywood Reporter, a report filed with the Federal Election Commission on Friday indicates that West’s campaign has spent $5.86 million so far, with most of the costs going towards consultants and fees.
It’s believed the campaign has debts amounting to more than $1.2 million, with the majority owed to ‘Fortified Consulting’ of Tempe, Arizona.
The financial report comes after Kanye denied the Republicans were funding his “walk” for president.
He also claimed he had “more money than Trump.”
The rap superstar announced he was running for the White House in July, though doubts remain over how seriously to take his campaign.
Kanye, who is running as an independent candidate, has missed the cut-off to be included on November’s ballot in many states.
This led to rumors his bid was a distraction and an attempt to lure voters from President Donald Trump’s rival, Joe Biden.
But during an appearance on Nick Cannon’s podcast, the footwear mogul dismissed the rumors and said the Republican Party cannot afford to pay him.
The entertainer said: “People keep on saying, ‘I think that y’all – you and Republicans – are in cahoots.’
“Bro, can’t nobody pay me. I’ve got more money than Trump.”
However, Kanye’s net worth is reportedly $1.3 billion, while the president’s is $2.1billion.
The Masked Singer host replied: “But people are saying that you’re a distraction, and because they don’t want four more years of Trump, maybe you might.
Kanye has denied he’s ‘in cahoots’ with the Republicans
“You want an alternative of four years of Ye. Is that realistic right now in 2020?”
The hitmaker replied: “I’m not running for president – I’m walking.”
His presidential bid has been hobbled by a failure to make the ballot in several states.
Kanye has sued Ohio’s election chief in an effort to be placed on the ballot after the Secretary of State deemed him unqualified as an independent candidate.
He has also failed to make the ballot in his home state of Illinois, as well as Wisconsin and Montana among others.