Despite Divorce, Kanye West Is Reportedly Worth $6.6 Billion — Where Does All That Cash Come From?
Making bank! Kanye West is reportedly worth a jaw-dropping $6.6 billion.
The amount is double West’s reported value in April 2020, when the "Famous" rapper claimed he had a net worth of more than $3 billion — although Forbes reported he cashed in at approximately $1.3 billion.
"It's not a billion. It's $3.3 billion since no one at Forbes knows how to count," West reportedly told Forbes at the time.
West’s Yeezy brand, which is currently in a partnership with Adidas AG and Gap Inc, is reportedly valued between $3.2 billion and $4.7 billion by UBS Group AG. According to Bloomberg, the Yeezy and Gap collaboration scheduled for a summer release "could be worth as much as $970 million of that total."
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The 43-year-old is said to have $122 million in cash and stock and $110 million from music, with $1.7 billion coming from other assets which also includes soon-to-be ex-wife Kim Kardashian’s SKIMS brand.
West is fully in control of Yeezy and signed a deal last year to design and sell clothing under Yeezy Gap, Bloomberg reported. The line will feature clothing for men, women and children, but will exclude footwear since the Yeezy and Adidas partnership is in place until 2026. The new Gap line is predicted "to break $150 million in sales in its first full year in 2022."
In 2015, West claimed to be $16 million in debt, and then in 2016 he said that he owed $53 million and asked Mark Zuckerberg to invest in him, according to Bloomberg.
Now, the Yeezy Adidas shoes managed to grow by 31% amid the coronavirus pandemic to $1.7 million in annual revenue in 2020, which reportedly gave Yeezy $191 million in royalties.
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West is "very, very focused" on the Gap collection, according to CEO Sonia Syngal, amid his divorce from Kardashian.
Kardashian and West tied the knot in 2014 and share four children together: North, 7, Saint, 4, Chicago, 2, and Psalm, 21. The Keeping Up With The Kardashians star is said to get the $20 million Hidden Hills home in Los Angeles, Calif., after she reportedly filed for divorce last month.
The former couple spent another $20 million to renovate the house which was spearheaded by West. Meanwhile, West has been living in Wyoming for some time now.