Kanye West joins Forbes 36th Annual World’s Billionaires List, along with the other 2,668 ultra-rich people around the world with a net worth that exceeds ten figures. However, it looks like Kim Kardashian’s ex-husband is not happy about it.
Forbes poses Kanye West’s net worth as $2 billion, making him sit at the 1,513th ranking on the list. But Ye feels the publication underestimates his wealth, revealing only more than a fraction of what he really owns.
Kanye West’s Issues with Forbes
The 44-year-old rapper has dramatically jumped more than 200 places and $200 million in value compared to last year’s list. However, he remains to have an issue with the publication about his net worth.
Last year, he texted its staff writer, Zack O’Malley Greenburg, to clear his fortune was worth $3.3 billion and say, “no one at Forbes knows how to count, per HipHopDX.
In its article published last March, Bloomberg claimed that the artist’s net worth had increased to $6.6 billion, making him the wealthiest Black guy in the U.S.
But after some fact-checking, Forbes only pegged it at about $1.8 billion.
Alternatively, Kanye West told Hollywood Unlocked in January that his net worth was at $10 billion, but Forbes once again doubted it and revealed his fortune as only $2 billion.
Estimating Kanye West’s Net Worth
According to Metro UK, Kanye West claimed Forbes is “trying to control and diminish him even at the cost of their own integrity.”
However, they have been reportedly told the process to determine someone’s net worth is “partially based on revenue from last year only.” It doesn’t include the “enterprise value of long-term deals that are in place.”
So, it doesn’t take into consideration how valuable the deals he has today. For starters, he has a multi-year contract with Adidas for his Yeezy brand.
He also partnered with Gap in June 2020 for a line of Yeezy clothing designed for the brand, which reportedly hit $1 billion in sales in the first year. This gave birth to the higher-end line, Yeezy Gap Engineered by Balenciaga.
Of course, his lucrative music catalogue also accounts for earning almost $180 million, including his own work and production credits.
He also owns a small stake in his ex-wife’s shapewear brand, Skims, and despite their divorce, they will remain to have their own wealth, thanks to their prenup, The Blast noted.
So totaling Kanye West’s net worth, including his assets and liabilities, he is valued at $6.6 billion, as cited by Celebrity Net Worth.
His real estate assets are worth $120 million, music catalogue worth $80 million, Yeezy.com website worth $100 million, Yeezy brand value worth $5 billion, Gap partnership worth $1 billion, cash, equities and other assets worth $400 million and liabilities and other considerations worth $100 million.
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