American rapper and business mogul Kanye West is now reportedly worth $6.6B. This makes him the richest black man and richest black person in US history.
West’s clothing and sneaker business is now valued between $3.2 billion and $4.7 billion. The business is supported by Addidas and Gap.
The 43-year-old has a new collaboration with Gap which is set to drop this summer, according to Bloomberg. The reports say it “could be worth as much as $970 million” of the brand’s value.
Kanye West who just bagged another Grammy after peeing on his previous Grammy Statuettes signed a 10-year agreement to design and sell fashion pieces under the Yeezy Gap label.
He also raked in $110 million from his music and has another $1.7 billion in other assets. The rapper still holds creative direction over his business ventures.
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In April 2020, Forbes declared Kanye West a billionaire; a status the he had coveted for a long time.
His asset was placed at $1.3 billion, higher than that of his sister-in-law and makeup mogul Kylie Jenner who’s valued at $1billion at that time.
Added to that, Forbes said the statement of assets they received from West’s team lists $17 million in cash (£13.7 million) and 35 million in stocks.
West’s other notable assets, according to his team, were $81 million in property and 21 million in landed properties.
However, despite being classified as a billionaire, West was unhappy as he claimed Forbes have undervalued him. “It’s not a billion,” West reportedly texted them. “It’s 3.3 billion since no one at Forbes knows how to count.”
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