While the bulk of the rapper’s income is generated from Yeezy, West also possesses about $200 million in other assets, including real estate properties and his music catalog.
It’s official: Kanye West is now a billionaire.
Over the years, West’s finances have remained mostly a mystery. But now, Forbes reports that the rapper-turned-footwear mogul has an estimated net worth of $1.3 billion.
West can attribute his entry into the billionaires club to his lucrative sneaker company, Yeezy. The sneaker brand — which is produced, marketed and distributed by Adidas — was on track to $1.3 billion in footwear revenue in 2019, according to a Bank of America document reviewed by Bloomberg.
While the bulk of West’s income is generated from Yeezy, the rapper also possesses about $200 million in other assets, including real estate properties and his music catalog. Bloomberg reports that Ye’s music catalog — which includes everything from albums The College Dropout to Jesus is King — is worth about $110.5 million, according to a valuation by the Valentiam Group.
In true West fashion, soon after Forbes published its story proclaiming him a billionaire, the rapper argued that he’s actually worth more than that. “It’s not a billion,” West texted to Forbes. “It’s $3.3 billion since no one at Forbes knows how to count.”
Trump Confirms He Will Withhold Endorsing Cornyn Until SAVE Act is On His Desk – He Also Makes Another Demand
Man accused of Iran-backed Trump assassination plot compared his plan to Butler shooting: FBI
ICE Arrests Illegal Alien in Idaho for Allegedly Trafficking Children Into State as Laborers
Spanberger lashes out at Pentagon after Hegseth pulls colleges’ support over woke ‘ideologies’
Florida Bar denies investigation into ex-US Attorney Lindsey Halligan
US signals readiness to escort tankers through Hormuz as traffic thins but no mission launched
FLASHBACK: Dem Senate nominee called illegal aliens ‘constituents,’ gave advice on evading ICE
Hegseth Honors Americans Killed in Action as Operation Epic Fury Enters Second Week: ‘Their Deaths Will Not Be in Vain’
Tourist’s bird-brained Vegas stunt with flamingo lands him behind bars on felony charges
BREAKING: GOP Rep. Nancy Mace Plans to Investigate Outgoing DHS Secretary Kristi Noem: ‘We Need to Hold Our Own Accountable’
Fox News True Crime Newsletter: Nancy Guthrie’s clues, Luigi Mangione’s evidence, Idaho murders tarot cards
Democrats pressure Mike Johnson to keep House in Washington over ‘rapidly developing’ Iran operation
Newsom declares ‘Trump is in retreat’ after Noem ouster, demands Miller be ‘next’
Pentagon Declares Major AI Company a Threat to Military Supply Chain
Trump Lays Out His Demands to Iranian Leaders, Vows to ‘MIGA’ If They Comply
West’s personal accountant, David Choi, provided an unaudited balance sheet to Bloomberg, claiming rapper’s net worth to be $3.15 billion.
Indeed, West has come a long way since claiming to be $53 million in debt just four years ago. In February 2016, after revealing his financial woes on Twitter, the rapper also used the social media platform to personally ask Facebook founder and CEO Mark Zuckerberg to invest $1 billion in his work.
“I write this to you my brothers while still 53 million dollars in personal debt… Please pray we overcome… This is my true heart…,” West tweeted at the time. “Mark Zuckerberg invest 1 billion dollars into Kanye West ideas … after realizing he is the greatest living artist and greatest artist of all time.”
Story cited here.
