Last year, the “Famous” rapper became a certified billionaire due to his sneaker and clothing brand, Yeezy, successful multi-year contract with Gap. West currently is the sole owner of the Yeezy brand, giving him full and total creative control. The brand is valued between $3.2 billion and $4.7 billion. Gap’s new collaboration with Yeezy, set to release this summer, is an estimated $970 million.
The Yeezy owner has $122 million in cash and stock. His music catalog contributes to $110 million of his net worth. Alongside $1.7 billion in other assets and business ventures. His estranged wife, Kim Kardashian‘s SKIMS, is included in West’s assets.
The Yeezy brand has had a large boom in the recent year, despite the ongoing pandemic. West Adidas sneaker sales have seen an increase of 31 percent from last year. The brand has brought in a total of 1.7 billion USD in annual revenue. It is estimated that by the end of 2021, West will make $150 million from his partnership with Gap.
Back in April 2020, West claimed his net worth was approximately $3 billion. The whopping sum is larger than some of the most known billionaires, such as Oprah Winfrey. Forbes quickly disputed the claim after confirming West’s network was significantly lower. Forbes reported that rapper is worth 1.3 billion.
Kanye quickly “corrected” them, stating, “it’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”