According to investment bank UBS Group AG, who made the new evaluations and announcement, the Grammy-winning artiste has become the third wealthiest celeb in the world, behind Steven Spielberg ($7 billion) and George Lucas ($10 billion).
Below are items in his wealth portfolio:
1.His business, Yeezy, which produces sneakers and apparel is where the bulk of his wealth resides. He owns Yeezy 100 per cent.
2.Yeezy, which is now in partnership with Adidas AG and Gap Inc. is valued between $3.2 billion and $4.7 billion.
3.The value of the new Gap collaboration with Yeezy, which is scheduled to hit stores this year, "could be worth as much as $970 million of that total," Bloomberg reported, citing the investment bank estimate.
4.According to the UBS, Kanye personally netted $191 million in royalties from his 2020 operations.
5.According to reports, the "Famous" rapper also has $122 million in cash and stock.
6.He has $110 million from his music catalogue.
7.West has $1.7 billion in other assets, including estranged wife Kim Kardashian's SKIMS business.
Content created and supplied by: Kakaakinews (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More