Everyone knows Kanye West is a billionaire who spends his money like it’s nothing.

Despite his fortune, the “All of the Lights” rapper does not have a fixed address and instead spends money on whatever he desires.

According to a friend who spoke with TMZ, Kanye has been living like a nomad, rarely staying in the same place for more than a few days and even making risky business decisions.

This has already raised concerns about his impending financial disaster.

According to the source, the father-of-four has been renting out beautiful hotel rooms and large rental mansions and spending a lot of money on his Yeezy display in Paris.

The unnamed source said:

“He blows through his money like it’s water.”

He even allegedly bought the conservative social media platform, Parler.

Kanye has also fired his investor Shervin Pishevar and a slew of advisors and publicists.

Kanye West revealed in an interview with “Drink Champ” that he purchased a $50 million penthouse, adding to the many other real estate transactions he has made.

He also bought a house in Hidden Hills near his ex-wife Kim Kardashian. He allegedly purchased the mansion to be close to his children. However, the house required extensive remodeling.

His house, on the other hand, hasn’t been touched in a year, and he’s never lived in it.

Kanye has also begun construction on a mansion in Malibu near the home of his estranged wife, though it has yet to be completed.

Kanye West has a net worth of $2 billion, according to Forbes.

Meanwhile, the former Atlanta councilmember who established “Kanye West Day” is reportedly distancing himself from him, stating that she would not bestow the honor on him today and may never do so again.

This follows on from his previous contentious internet remarks.

According to TMZ, Natalyn Archibong is bidding him a “shocked and disgusted farewell.”

She stated that she did not want to be a part of revising history. Nonetheless, she stated that he would not make the same statement about the “Gold Digger” rapper now, especially given his anti-Semitic tweets and comments about George Floyd’s death.

Following the start of his Donda tour in Atlanta, it was speculated that July 22, 2021, would be designated as “Kanye West Day.”

The driving force behind the statement, however, revealed that it would be a one-time occurrence that could not be replicated or erased.