Hip-Hop Star Kanye West Officially Declares His Billionaire Status to Forbes

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by Bhushan Akolkar · 2 min read
Hip-Hop Star Kanye West Officially Declares His Billionaire Status to Forbes
Photo: Super 45 | Música Independiente / Flickr

As per Forbes, Kanye West has officially reached the billionaire status. His Yeezy sneaker collaboration with Adidas has brought him over $140 million in royalties from sales last year.

Hip-hop star Kanye West has finally decided to declare his financial records after months of follow-up and requests by the media. Reportedly, Kanye West has attained his billionaire status, thanks to his wildly popular Yeezy sneaker empire.

As per the Forbes latest report, the 42-year-old hip-hop star has a current net worth of around $1.3 billion. As per the publication, West’s Yeezy sneaker collaboration with Adidas has brought him over $140 million in royalties from sales last year.

To calculate his total wealth, Forbes also took into account his “asset liquidity”, properties, and other assets. The publication has been tracking his assets for the last year raising several doubts in place. Forbes’ Zack O’Malley Greenburg wrote:

“When we featured West on the cover of Forbes last summer, delving into his incredible success with Yeezy, he seemed pleased at first. His world-famous wife, Kim Kardashian West, even tweeted her congratulations, to the positive affirmations of 32,300 of their closest Twitter friends”.

Greenburg further added:

“But without sufficient documentation on his unusual stake, versus just his word and industry guesstimates, we didn’t call him a billionaire.”

While correcting their position, the Forbes author wrote that this week they feel like West “provided what we feel is an authentic numeric look into Kanye, Inc.”

Again, the publication asserts that West’s stake in Yeezy has helped him attain the billionaire mark ultimately. Point to be noted that West has yet not provided details of his actual net-worth.

Thus, there still continues some anomalies about how much Forbes estimates West’s worth and how much actually it is! While Forbes reported West’s worth at $1.3 billion, he himself says that his worth stands at $3.3 billion. “It’s $3.3 billion since no one at Forbes knows how to count,” he wrote.

Kanye West isn’t the only billionaire among his family and circle. In the extended Kardashian family, Kanye’s sister-in-law Kylie Jenner attained the status of a self-made billionaire when she was just 21. Forbes has confirmed that Jenner retains her status and was officially the youngest billionaire in the world-beating Facebook’s Mark Zuckerberg’s record at 23.

News, Personal Finance
Bhushan Akolkar
Author: Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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