It’s A Lie – Forbes Disputes Kanye West’s net worth of $6.6 billion dollars.
Forbes questions Kanye West’s net worth of $6.6 billion dollars. Despite recent reports that Kanye West is the wealthiest Black person in America’s history, Forbes has formally debunked the media’s claim.
Recent “reports that the celebrity is worth nearly $7 billion [USD] are based on magical thinking around sales that don’t exist yet,” according to Forbes. This is why he’s only worth a third of that right now.” According to the publication’s calculations, West is only worth around $1.8 billion dollars.
According to Forbes, Robert F. Smith of Vista Equity is the wealthiest Black person in the United States, with a net worth of $6 billion USD. Aliko Dangote of Nigeria, on the other hand, is the richest Black person in the world, with a net worth of $11.8 billion USD. The news comes just one day after Bloomberg reported Ye’s net worth of $6.6 billion USD.
The UBS report quoted in most articles, according to Forbes, was based on the assumption of future expectations. The figures are erroneous because Yeezy Gap has not yet released or received any current revenues or profits. Forbes provides a more realistic breakdown of West’s estimated net worth.
The Kanye West brand is estimated to be worth $1.5 billion USD, according to the magazine. West’s ten-year production deal with adidas is expected to have netted him $191 million in royalties last year. In terms of Yeezy revenue, West gained $214 million USD from the brand he owns 100 percent in 2020.
West has also amassed $160 million in assets over the years, including “$9.3 million in artwork, $7.6 million in jewelry, $5 million in vehicles, $3.4 million in furniture, and $1 million in livestock.” Ye’s music catalog is worth an estimated $90 million to the rap mogul, while his investment in Kim Kardashian’s Skims brand is worth $64 million.
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