Kanye West allegedly thinks that he’s set for life since he’s a billionaire, but his overspending could send him into financial ruin.

A source told Globe that West has been overspending nonstop because he thinks he will never run out of cash. But he seemingly forgot that he just lost his deals with high-end brands like Balenciaga and Adidas.

“He’s spending an absolute fortune on his team, throwing around tens of thousands in loyalty bonuses and dropping millions into harebrained investments. And on top of that, he’s alienating the bigger name businesses that have propped up his brand,” the source said.

The source also claimed that there’s no stopping West right now because he doesn’t think it’s possible for him to ever lose his money. But he could be proven wrong by his beliefs.

In recent weeks, West has also found himself at the center of several controversies. He was recently photographed wearing a White Lives Matter shirt. And when asked what he meant by it, he said that White lives are as important as Black lives. However, the fact that the rapper is Black is what upset his critics.

Shortly after, West also went on a tirade against the Jewish people. But his anti-Semitic comments did not sit well with celebrities and even his ex-wife, Kim Kardashian.

Following the recent incidents, rumors swirled that West could be on the verge of a psychiatric breakdown that’s why his behavior has been questionable.

And just this week, there were also claims that West could be a danger to society because of the things that he has been saying and doing.

“The fear is that Kanye has graduated from being an obnoxious bully to a danger to society. Everything he does and says creates disunity and confusion, and his enemies are growing by the day,” the source said.

However, one should take the tabloid’s claims with a grain of salt. This is not the first time that West behaved this way. In fact, the rapper is known for his questionable stands and statements.

Shortly before he and Kardashian split, the reality TV star also had to defend the rapper because of his unique artistry. But now that Kardashian is no longer in his life, no one wants to stand up and defend West to the public.