Kanye West Officially A Billionaire Thanks To His Yeezy!
Rapper Kanye West is now a billionaire thanks largely to the basketball shoes bearing his name that he developed with Adidas, Forbes magazine said Friday. Read on…
CelebNFashion247.com has learned that Kim Kardashian’s hubby Kanye West has a major stack of money, about $1.3 billion.
Take that Jay-Z, Kanye West is a Billionaire man!
There’s only one number that West cares about. A billion, as in dollars. And he cares a lot.
The 42-year-old, Chicago-born rapper’s Yeezy footwear often sells for more than $200 a pair in the United States and elsewhere.
Forbes said that for years West has been pressing the magazine to be listed as one of its mega-rich but that it declined, for lack of proof.
Well it appears that West no longer has to beg the magazine to be part of their Forbes Billionaire list since the musician is now on its list of people worth at least $1 billion.
When Forbes billionaires list appeared earlier this month, again with West absent—still no documentation, and now a pandemic to boot—West again reacted with hurt and venom.
You know what you’re doing. You’re toying with me and I’m not finna lye [sic] down and take it anymore in Jesus name.
At one point, he texted that Forbes was “purposely a part of a group of media” that was trying to suppress his self-made narrative because of his race. That sister-in-law Kylie Jenner did make the list also clearly stuck in his craw.
Then yesterday, a breakthrough: West directed his team to provide what we feel is an authentic numeric look into Kanye, Inc.
Yeezy is a complicated asset. West owns 100% of it. But it’s functionally tied, at least for five-plus years based on the documents we saw, to Adidas, which produces, markets and distributes the shoes. There’s also a separate apparel division that we don’t believe makes money. Last year, our sources projected the shoes would finish 2019 with revenue north of $1.5 billion (Adidas would not comment then, or now)—per recent conversations and internal documents, we believe the final revenue number ended up closer to $1.3 billion.