Kanye West Now Worth $6.6 Billion, Making Him The Richest Black Man In US History
Kanye West is now believed to be the richest Black person in the United States, with an eye-watering $6.6 billion net worth.
The musician and fashion designer has seen a huge surge in his capital over the past 12 months, largely thanks to his Yeezy brand.
According to a bank document seen by Bloomberg, Yeezy is now worth between $3.2 billion and $4.7 billion, making up more than half of his net worth.
In June last year, Kanye signed a deal with Gap to release his Yeezy Gap line in US stores this summer, a collaboration that is believed to be worth $970 million.
The document goes on to explain that Gap has estimated more than $150 million in sales during its first full year of the 10-year deal, with a projection of more than a billion in sales within eight years.
Considering West is the sole owner of the Yeezy brand, he’s likely to make a pretty penny out of the deal.
Elsewhere, the rapper is reported to have $122 million worth of cash and stocks, $11o million from his music catalogue, and a further $1.7 billion invested in other assets.
It has been a big year for the rapper, who just 12 months ago was reported to be an official billionaire by Forbes.
A year on, that figure appears to have surged six-fold, making him the richest Black person in the United States and second richest Black person in the world, according to a list of the world’s Black billionaires curated by Visual Capitalist, using data from Forbes.
Just last month, Kanye was sat at number 12 on the global Black billionaires list and number six for the United States, behind the likes the Michael Jordan and Oprah Winfrey.
He is cited as having a net worth of $1.3 billion – the figure that was confirmed by Forbes 12 months ago – which we now know to be much higher.
It’s unclear whether West’s net worth will be impacted by his impending divorce with Kim, who herself has an estimated wealth of $780 million.
In terms of shared assets, Kim and Kanye are believed to $70 million-worth of assets, including two homes, $5 million in art, nearly $4 million in vehicles, $3.2 million in jewellery and $300,000 worth of livestock.
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