Kanye West and Kim Kardashian are known for their vast wealth and flashy lifestyle which they flaunt regularly. So it comes as a huge surprise that Kanye West took out a $2million line of credit just months before his wife, Kim Kardashian, was held up at gunpoint in her Paris apartment where she was robbed of $5.6million worth of jewellery.
The controversial rapper took out the large equity line on his New York City apartment, which he purchased for $1.25million, from JP Morgan on July 12. The 39-year-old has until 2036 to repay the $2million.
To make matters more confusing, Kanye recently purchased a 20-carat Lorraine Scwartz emerald cut diamond engagement ring for Kim worth $4million.
This intriguing series of events has many questioning the timing of the loan and the ring purchase. This ring was stolen during the Paris robbery last week along with another case of jewellery.
Since the robbery, Kim has been laying low as she recovers from the ordeal. However, one thing she has done is file a lawsuit against MediaTakeOut.com for its post regarding alleged evidence that Kim ‘staged’ the robbery.
Kim has also filed an insurance claim for the stolen items, including her engagement ring.