Kanye West officially now a billionaire

25 Avril, 2020, 07:09 | Auteur: Christine Menetries
  • Kanye West officially now a billionaire

However, although Forbes has confirmed Kanye as a billionaire, there is speculation as to whether or not Dr. Dre and Diddy have achieved this feat as well.

According to a report from Forbes on Friday (April 24), Kanye has officially achieved billionaire status, making him the second rapper to do so after Jay-Z. Staff at the publication say they don't recall ever receiving the receipt. Things were taken a step further with texts they say he sent and included in the article where he called the 2019 piece "disrespectful" and accused the team of "purposely snubbing" him after he was left off of this year's list.

When that annual billionaire's list appeared earlier this month, the writer of the article, O'Malley Greenburg, claims that West was not happy with his name being absent. "You're toying with me and I'm not finna lie down and take it anymore in Jesus' name". He also allegedly texted that he was left off of the list purposefully because he is African American.

Kim Kardashian was a proud wife after her husband, Kanye West, finally joined Forbes' billionaire club.

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Forbes also looked into Adidas Yeezy, the fashion collaboration between the rapper and the German sportswear brand, which they claim has a revenue worth of around $1.3 billion, and around $140 million from sales just past year.

Kanye West, 42, finally earned the title he has long desired: billionaire! At that rate, he would have received royalties of over $140 million from Yeezy sales previous year. There's also a separate apparel division that we don't believe makes money. But that's a private, highly illiquid $1.4 billion - our rule-of-thumb for private assets like that is to lop off at least 10%. "It's $3.3 billion (USD), since no one at Forbes knows how to count".

Focusing on the wealth breakdown, Forbes claims that West's team provided statements that showed the rapper has $17 million in cash, $35 million in stocks, $81 million in "buildings and improvements" and $21 million in land. His G.O.O.D. Music imprint is worth a reported $90 million in addition to other investments and assets worth somewhere around $125 million.

West publicly chastised Forbes' previous estimations of his net worth during an appearance at The New York Times' Dealbook conference in November. According to the calculation, he's worth $300 million more than Kylie Jenner.

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