Shocking his fans and haters Kanye West announced on Twitter in February that he is broke.

And not just a little broke. Like $53 million dollars in debt broke. The announcement began a trademark Kanye Twitter tirade that ranged from the confessional to the bizarre. His haters are now relished in his financial woes.

Like many hip-hop artists, Kanye is known for flaunting an extravagant lifestyle and providing the appearance that he is extraordinarily wealthy. And he did amass a fortune as his albums and hit songs have sold millions of copies. However, West revealed in his tweets that he is also a big spender, pouring millions of dollars into his fashion line and various music and film projects.

Although his confession about his debts show that he is bad with handling money, this rap icon has risen from the bottom and clawed his way to success with his raw talent and refreshing twist on the hip hop industry and has been a popular favorite ever since.

West tweeted to his followers in humility about his personal debt, believing that his fans deserved to know his struggles. His debt isn’t a new problem. West claims that his debt has been accumulating for years and has had people use this information against him as blackmail to get West to do their bidding. West says, in a series of tweets, that he is revealing his personal debt to the world to drive a point that money doesn’t drive him and so people cannot use this against him anymore.

Some West critics claim that this financial crisis is a sort of karma for his massive ego and how he seems to project a god like persona for himself. His critics say it was his swelled ego that landed him in as much debt as he’s in right now, and that because of his “choose-y” attitude that he is suffering the consequences of his attitude and actions. They enjoy seeing him humbled in front of his fans and the general public.

Though he is in the middle of massive debt, he claims to be able to power through this problem with the help of the sponsorship of Adidas. On Twitter there has been an apparent conflict between West and Nike. West claims that Nike wouldn’t give him the creative resources he needed to create his vision and because of other disputes between West and Nike, he released a song on his new album as a diss to Nike.

Though Kanye has had this public conflict with Nike, and possibly many other brands, but whether or not he is bouncing back from this is yet to be seen.. He posted on Twitter his progress with Adidas creatively and appreciates the creative freedom the company has given him.

Many people believe that West will be able to bounce back from this debt, but it seems like it might be with him forever. Kanye is millions in debt and though he will be able to keep a stream of fans buying his products, his spending habits and his lifestyle are enough to steadily sink massive amounts of money into his lifestyle. While West’s personal financial troubles are in tumult, fans and critics will be waiting to see if he is capable of getting his life straightened out or if it will be the demise of a once promising artist.