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Kanye West Is Worth $6.6 Billion

todayMarch 17, 2021

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Kanye West’s net worth just went up.

The 43-year-old rapper is now worth a reported $6.6 billion, according to PEOPLE. Over half of that amount comes from his Yeezy sneaker and apparel empire, which includes partnerships with adidas and Gap. The brand was valued between $3.2 billion and $4.7 billion by UBS Group AG.

Last year, West announced a 10-year partnership with Gap, which “could be worth as much as $970 million of that total,” Bloomberg reports. The Yeezy Gap collection, which is scheduled to launch by July, is expected “to break $150 million in sales in its first full year in 2022.” Gap expects it to become a billion-dollar revenue brand within eight years, with sales exceeding $1 billion as soon as 2023.

West retains full ownership and creative control of the Yeezy brand. His shoe deal with adidas remains his largest asset and continues to grow at a “staggering” rate, according to UBS’ analysis.

West’s finances, provided by his lawyer, shows another $122 million in cash and stock and $110.5 million from his music catalog, plus $1.7 billion in other assets, including a significant investment in SKIMS, Kim Kardashian’s underwear label.

His worth has gone up significantly in the past year. Back in April 2020, Forbes declared that he was worth $1.3 billion, while Kanye disputed that figure, claiming he was worth almost triple. “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count,” he told the magazine at the time.

The $6.6 billion figure would make him wealthier than other famous billionaires including Oprah Winfrey.

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Soulja Boy Calls Out Drake for Thanking Bow Wow

Soulja Boy is going after Drake again. Earlier this week, Drake was seen celebrating his historic chart achievement with Bow Wow, while praising the rapper for paving the way for him. “If it wasn’t for you, there wouldn’t be no me, and that’s why I’ma rock with y’all forever more,” said Drake, while quoting lyrics from Bow Wow’s 2001 hit “Thank You.” But Young Drako wasn’t having it. After seeing him pay homage to Bow Wow, he put Drizzy on […]

todayMarch 17, 2021

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