Kanye West Net worth Reportedly Jumps To $6.6 Billion

Posted by: Kyeyune Andrew Jonathan in World news March 19, 2021

According to the UBS report, Kanye West ’s total net worth calculated rounded at a total of about $6.6 billion. The rapper’s bank balance got a boost from the robust Yeezy sneaker sales and earnings coming from the Yeezy Gap line that is still in the works.

This new net worth has made the rapper-turned-clothing mogul the richest black person in America. The estimate, however, paved the way for some debates. The Yeezy fashion collection is said to have an existing deal with German sportswear giant Adidas. The company is also in another hotly anticipated deal with Gap.

As it is a favorite of sneaker collections and fashion press, Yeezy now is worth a standing $3.2 to $4.7 billion. The Yeezy-Gap deal will see a collection released later this year with over $970 million worth of income expected.

Kanye West is the sole owner of the Yeezy brand.

The rest of the rapper’s wealth, $1.7 billion comes from his investment in soon-to-be-ex-wife Kim Kardashian’s shapewear line. He also has $122 million in cash and stock and $110 million from his music catalog.

Forbes, on the other hand, pushed back on the figure released by UBS saying the rapper’s net worth is less than a third of that figure.

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