Kanye West is very wealthy, as we all know. Just how wealthy and why was revealed this week by People, who updated his previous valuation from Forbes as less than a billion to $6.6 billion. That’s just since April 2020, though at the time he claimed that he was worth $3 billion.
“It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count,” he allegedly texted them after the story came out.
So where is this new money coming from in the middle of a panini?
Apparently, it’s his sneaker and apparel business Yeezy that has increased his wealth. The business is currently valued between $3.2 billion and $4.7 billion by UBS Group AG. Some of this increase came from his collaboration with Gap, which is scheduled to come out next season, just in time for vaccine summer.
Bloomberg reported that a bank estimate for the collab is worth $970 million and it’s “expected to break $150 million in sales in its first full year in 2022.” Then there’s the money he has in cash and stocks, which is about $122 million. Do you think he keeps that all in checking?
His music catalog is worth about $110 million and then he has the rest in other assets, including Kim Kardashian‘s SKIMS business. Divorced, but still entwined through business, and these businesses equal $1.7 billion. It kind of makes sense now that Rihanna isn’t making any more music, the money is in brands.