Kanye West Is Now Claiming to Be a Multi-Billionaire but Forbes Disagrees
The entertainment industry doesn’t see a success story as interesting as that of rapper turned businessman Kanye West often. Growing up in the South Side of Chicago, he found fame and fortune as a critically-acclaimed musician in the 2000s only to see his wealth slip from his fingers.
In fact, he was even reportedly millions of dollars in debt at one point. West managed to bounce back though and he did so well various outlets are saying he’s finally reached billionaire status with some estimating his net worth to be over $3 billion.
Find out what assets make up the world’s richest rapper’s personal wealth.
Calculations of West’s net worth will include every detail of his finances like stock investments, real estate holdings, music catalog earnings, his fashion venture, liquid assets as well as liabilities.
Speaking of the last, some sources speculate that the 42-year-old musician has about $100 million in liabilities. This amount is made up of all his bank loans and mortgages.
It’s also worth noting that West was $53 million in debt just four years ago.
What Yeezy Is Worth
It looks like the ‘Famous’ singer’s biggest moneymaker is his stake in his fashion brand Yeezy. The sneaker empire’s revenues within the past years alone are impressive enough.
It reportedly clocked in $864 million in 2018 and a whopping $1.5 billion just last year. That said, the near future is looking bright for Yeezy and West as the brand’s projected earnings the current year and the coming one is $1.7 billion (even with the coronavirus pandemic) and $2 billion, respectively.
West certainly enjoys his fair share of the fruits of this success. According to reports, he can expect to receive $214 million in annual royalties in 2020 alone.
Meanwhile, the entire brand’s valuation is currently pegged at a whopping $3.2 billion considering both terminal value and the present value of its royalties.
Net Worth Breakdown
Other items that make up his net worth include his real estate holdings ($120 million), his music catalog ($80 million), and other assets not specified ($20 billion). Subtracting his liabilities, Celebrity Net Worth estimates that West is now $3.2 billion rich.
And that’s not even considering the wealth of his reality star wife Kim Kardashian yet. Combined, the power couple has a fortune of about $3.6 billion overtaking another extremely wealthy celebrity couple, Jay-Z and Beyonce, who only has $1.5 billion together.
More in Career
How Pippa Middleton Became Instrumental in Kate Middleton and Prince William’s 2007 Reconciliation
Breakups can be hard to process, which is why it is important for our trusty family to be always there to...March 9, 2021
All the Celebrity Weddings That Have Been Put on Hold Due to This Unexpected Event
Can true love wait? The Covid-19 outbreak has disrupted the norm as we know it and has canceled everything that people...March 5, 2021
Billie Eilish Finally Reveals the REAL Reason Why She Has Worn Baggy Clothes for Years
Billie Eilish is without a doubt the biggest teen act in the music scene right now and she’s already accomplishing a...February 22, 2021
A Viral Twitter Thread Exposed an Ugly Side of Ellen DeGeneres You’ve Never Seen Before
Comedian and host Ellen DeGeneres is one of the few celebrities who’s universally loved by all. She’s known for her sunny...February 18, 2021
These Are the Most Recommended Books for People Who Want to Unlock Their Billionaire Potential
With people having a lot more free time while they’re stuck indoors, now is the perfect opportunity to develop a reading habit...February 14, 2021
David & Victoria Beckham’s New Miami Penthouse Looks Absolutely Insane
David and Victoria Beckham are among the most admired celebrity power couples and they have been for years now. Ever since...February 7, 2021
Five Tech Products You Use on the Daily That Weren’t Around 10 Years Ago
A lot can happen in the span of 10 years, especially in the world of technology. With the pace new apps...January 22, 2021
Ready to Merge Finances with Your Significant Other? Follow these Steps to Make the Process a Success
So, you’re ready to take your relationship to the next level. You’re starting to think about your future together and planning...January 20, 2021
Melania Trump Is a First Lady Americans Have Never Seen Before–Here’s Why
In a sense, the American public hasn’t seen the first lady like Melania Trump in a long time. Unlike her predecessors,...January 13, 2021