Kanye West possibly wealthiest black man in American history
Listen to this Article Now
Story by: Norvisi Eyiram Mawunyegah – GITFIConline.com
Date:19th March 2021
The rapper 43currently with a net worth of $6.6 billion, is doing better than any black man in American history. Inreference to financial documents obtained by The Post, West’s Yeezy shoe and streetwear empire has increased growth over last year, plus a partnership with Adidas AG and Gap Inc, resulting in a $3.2 billion to $4.7 billion valuation by UBS Group AG. The Yeezy Gap collaboration, expected to hit stores this summer, “could be worth as much as $970 million of that total”, according to Bloomberg’s reports.
Approximations suggest the 43-year rapper has coarsely $122 million in cash and stock and $110 million from his music catalog, together with $1.7 billion in other assets, including wife Kim Kardashian’s line of body-boosting apparel. Compared to other rappers, the estimations put him miles ahead: at $6.6 billion, Kanye West has hitfour times that of Jay Z ($1.4 billion estimate), Diddy ($1 billion estimate), Dr Dre ($820 million estimate) and Eminem ($230 million estimate). West currently has an agreement of ten years with yeezy gap labeland control of hisproduct, without footwear, as Yeezy’s partnership with Adidas is contracted through 2026.
Quoting document obtained by Bloomberg, the publication is expected “to break $150 million in sales in its first full year in 2022”, following a first-time surge in Gap’s stock price when the deal was announced last June. The divorce failed by his wife Kardashian perhaps may be the disturbing factor that may, affect West’s net worth; Kardashian filed for divorce mid-February and the couple share four children (daughters North, 7, and Chicago, 3, and sons Saint, 5, and Psalm, 1).