Despite recent news that Kanye West has become the richest black person in America, with a net worth of $6.6 billion, Forbes has come out and said that those numbers are based on non-existent revenue.
According to Bloomberg, Kanye’s sneaker brands Yeezy and Yeezy Gap have a total net worth of approximately $4.7 billion, with a further $1.7 billion in cash.
Forbes disputes these estimates, claiming that the Yeezy Gap’s worth is dubious since they have not yet sold a single piece of apparel and based their figures on estimated revenue that did not yet exist.
The Yeezy Gap valuation overlooked the fact that it had not yet produced any sales or benefit.
However, his sneaker brand Yeezy boosted its sales by 30% in 2020, with its limited 450 Cloud White sneaker selling out in under a minute.
Kanye West’s net worth is reported to be between $1.3 and $1.8 billion and much of it comes from his Yeezy brand which he soley owns, according to Forbes.
Kanye has previously complained that Forbes was snubbing him about the fact that he was a billionaire; let’s just hope a Forbes diss track isn’t loading.
His net worth is divided as follows: Yeezy worth $1.5 billion, cash and other assets worth $160 million, music catalogue worth $90 million, investment in soon-to-be-ex-wife’s Skims worth $64 million, and Yeezy Gap worth $0.
His wife Kim is now on the verge of becoming a billionaire, with a net worth of $900 million, owing largely to her KKW Beauty brand.
According to Forbes, her brand KKW Beauty was valued at $1 billion as a result of her collaboration with Coty.
After almost 7 years of marriage, she recently filed for divorce from the rapper.