Money trouble? Kanye West took out a massive $2million line of credit against his New York apartment just months before Kim Kardashian was robbed of $5.6million worth of jewelry

Kanye West took out the large equity line of credit on his New York City apartment, according to records filed on September 27. JP Morgan granted the line of credit to him on July 12.


The agreement states that the bank will make advances to Kanye in a principal amount not exceeding $2million. Kanye has until 2036 to pay back the funds. The line of credit was taken out just months before Kanye purchased Kim a 20-carat Lorraine Schwartz emerald cut diamond engagement ring worth $4million, which was stolen during the robbery last month along with another case of jewelry. Insurance documents state that the 13 items taken during the incident are worth approximately $5.6million.