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 and robbed of $5.6million worth of jewelry. The 39-year-old rapper 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 purchased a New York apartment in the SoHo neighborhood for $1.25million, and combined it with the unit next door.

Source: New Zealand Herald October 12, 2016 05:03 UTC