The rapper’s medical emergency could have saved him millions of dollars. According to TMZ, ‘Ye had an insurance policy that covered him in the event illness prevented him from performing. The insurance policy says that the carrier will pay Kanye for not only the money he’d make, but the money he was obligated to pay others if “accident or illness prevents any Insured Person from appearing or continuing to appear in any or all of the Insured Performance(s) or Event(s).”
Kanye announced the cancellation of his Saint Pablo tour six hours before he was handcuffed to a stretcher and taken to UCLA Medical Center for psychiatric evaluation. Yeezy not only reportedly lost around $30 million for his cut of the remaining concerts, but he’s still on the hook for money owed to venues and other vendors he made contracts with.
However, the insurance company can deny coverage if Kanye had a preexisting condition that he didn’t disclose at the time the policy was issued, or if his illness was caused by his “unreasonable or capricious behavior,” the site reports.
‘Ye has yet to speak out about his hospitalization, but sources say that Saint Pablo is “going to pull through.”