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How Kanye West became a billionaire

In the midst of the global fight against COVID 19 yesterday the world who was greeted by the announcement of the newest member of the billionaires club, Kanye West.

“Then yesterday, a breakthrough: West directed his team to provide what we feel is an authentic numeric look into Kanye, Inc. Three things became clear from this exercise. First, it reinforces why we put him on the cover in the first place—West, in just a few years, has created a brand that’s challenging Nike’s Air Jordan for sneaker world supremacy. It’s one of the great retail stories of the century. Second, it reinforced that West, who claims both in words and in this paperwork that he’s worth more than $3 billion, is as overly boastful as his political idol, President Donald Trump. Not a numbers guy? We agree. Finally, and perhaps most critically to West, it does confirm, based on our estimates, that his stake in Yeezy indeed makes him a billionaire. A bit over $1 billion, actually.” said Forbes

West became the latest member of the Kardashian clan to be announced as a billionaire, his sister-in-law Kylie Jenner was declared a billionaire in 2019.

prior to this happy news, Kanye West was in personal debt of 53 million dollars, which many write him off as this will be the end of his musical career. 

fast-forward to 2020 he is a billionaire thanks to a never-say-die spirit and some Ventures such as businesses that are in addition to his primary musical career.

West has partnered with Adidas on the Yeezy brand which has turned out to be very successful so far this is his biggest moneymaker

“Yeezy is West largest asset by far his personal account can they were provided and an audited balance sheet that takes the Rapper's net worth of 3.15 billion dollar dollars and list more than 200 million of other assets they include houses in California to in hidden Hills one in Thousand Oaks and another in Calabasas, as well as properties in Wyoming and his native Chicago choice, said” Forbes Magazine reports

His music catalogue is worth around 110.5 Million Dollars from the valuation by the Valatianr group below is the Ventures businesses that enlisted Kanye West into the billionaire's club. 

Yeezy 

Kanye West one hundred per cent of Yeezy brand which is into footwear and apparels. Although the footwear sold out quickly, the apparel collection did not.the apparels. Forbes believes is not making words any money. 

Kanye first major collaboration was with babe with ways babe released the First Bapiste College Dropout he also collaborated with Nike a collaboration that lasted over 5 years with the release of the earliest version of Yeezy sneakers at the follow of the collaboration with 90 where is partnered with Adidas to release software versions of Yeezy boost 

Forbes describes Yeezy as “one of the great retail stories of the century”, worth $1.26bn 

Music Catalog

“In total, his record label GOOD Music and the rights to his back catalogue are worth at least $90m, Forbes said. However, the magazine, which stressed there was a lack of independent verification for the figures, also listed West as having a debt of about $100m .” reported by the guardian

The 42-year-old star is one of the most acclaimed and biggest-selling artists of the past 20 years.

Property/Real estate

West’s other notable assets, according to his team, are $81m in property and $21m in land. West and his wife, Kim Kardashian West, are known to own several properties in Los Angeles and Wyoming.

Other assets owned by West’s include $17m in cash and $35m in stocks.

Content created and supplied by: mosesgershon (via Opera News )

Air Jordan Inc Kanye West Nike West

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