Kanye Approached LVMH CEO and Many Others In Hopes of Raising $100M for His Vast Artistic Endeavors
“Who’s going to be the Medici family?”
Kanye receives his fair share of slack, and at times, it’s arguably deserving. However just as this documentary explains, Mr. West has been a strong advocate for all artists and the marginalization they often face from wealthy investors and industry pundits. He’s gone on record a number of times to discuss this topic, usually concluding with the question, ‘Who’s going to back me?’
In an interview with Sirius back in 2013, during his promotional tour for YEEZUS, Kanye stated, “I am Warhol. I am the number one most impactful artist of our generation. I am Shakespeare in the flesh. Walt Disney, Nike, Google — now who’s going to be the Medici family and stand up and let me create more, or do you want to marginalize me until I’m out of my moment?”
Kanye’s goals are very much apparent – dominate the fashion, music and design worlds, but we’re also aware that he’s been spending a lot of his own money to reach these mountaintops with his followers in tow. His hunt for proper investors is known, but details are not. However, Page Six has just reported that Kanye “has been reaching out to heavyweights in the fashion business to back his Yeezy clothing line to the tune of $100 million (USD).” This includes “LVMH chairman and CEO Bernard Arnault, Richemont and Chris Burch, who helped launch Tory Burch’s fashion line and later started C. Wonder.”
Page Six doesn’t mention who, if anyone, has invested in ‘Ye’s brand, but with his forthcoming events in mind, we’ll likely hear much more about it.
