Is Kanye West Really $53M In Debt? Rapper Renovating Home, Spotted On Lavish Shopping Spree

Kanye West shocked the world when he revealed that he was $53 million in debt over the weekend. However, the lifestyle the rapper continues to live suggests that maybe he isn't in as much debt as he claims after he was seen shopping for expensive jewelry and is reportedly putting a ton of money into a new home.

According to TMZ, the 38-year-old rapper was spotted inside of a Jacob & Co in New York City Monday night. The store sells expensive jewelry and watches, but it's unknown what Kanye bought. You can see the photos here.

People is also reporting that Kanye and his wife, Kim Kardashian, have been spending a "ton" of money on their new home in Hidden Hills, California. Sources said the costs have been "endless," including spending over $20,000 on fixtures and flooring as they've been renovating the home.

While these moves might not sound like someone who is millions in debt, it was Kanye's decision to not make his new album, "The Life of Pablo," available for sale that really turned heads. On Monday, the "Stronger" rapper tweeted that the album would never be available anywhere but Tidal. Kanye could be missing out on even more revenue if he chooses to not make "The Life of Pablo" for sale anywhere else other than the streaming service he co-owns.

On Saturday, Kanye revealed on Twitter that he was in debt. He also asked Facebook founder Mark Zuckerberg to invest $1 billion dollars in his ideas.

"Let's dance in the streets. I am consumed by my purpose to help the world. I write this to you my brothers while still 53 million dollars in personal debt ... Please pray we overcome ... This is my true heart ... This is all all is fun all in good feelings ... We will all be gone 100 years from now but what did we do to help while we were here!!!" Kanye tweeted.

Tuesday, the "Gold Digger" rapper continued to talk about his debt on Twitter and said he wanted the world to know his "struggle." However, he also hinted that he might be on his way out of debt as he can "see the clouds separating." You can see a few of his tweets below: