Fashion

Kanye West Becomes Wealthiest Black Man In American History With Reported Worth $6.6 Billion Thanks To Yeezy Brand

todayMarch 18, 2021 3 1

Background
share close

Earlier this week, Kanye West took home his 22nd Grammy for his recent ‘Jesus Is King’ project, and while he may be in the midst of a divorce from his wife Kim Kardashian, West’s bank account definitely has some new zeros to celebrate.

According to a new report from Bloomberg, the 43-year-old rapper’s sneaker and apparel business YZZY, which is in collaboration with both Adidas AG and Gap Inc, is valued from valued at $3.2 billion to $4.7 billion by UBS Group AG. Also, the value of the Gap tie-up, which hits stores this summer, is expected to rake in $970 million of the estimated total. As Gap expects to bring in $150 million in 2022 for the first full year, sales for Yeezy’s Adidas sneakers remained continued to grow during the pandemic from 31% to nearly $1.7 billion in annual revenue. Bloomberg also states that West has $122 million in cash and stock, his entire music catalog is worth $110.5 million, and more than $1.7 billion in other assets, including a significant investment in Kim Kardashian’s underwear collection Skims.

Last year, West claimed to be worth an estimated $3 billion, and now updated Forbes numbers make him the wealthiest Black man in American history!

Written by: naabradio

Rate it

Previous post

Uncategorized

Kanye West’s Former Bodyguard Is Reportedly Working on Documentary

Kanye West’s ex-bodyguard Steve Stanulis is reportedly working on a tell-all documentary about Kanye West. Yes, Stanulis plans to highlight some of West’s most infamous meltdowns ranging from his appearance of Saturday Night Live, at New York Fashion Week and the Met Gala. The film is currently being shopped around and Stanulis revealed that several streaming services are interested. “Two studios approached me. They see this as a 48 Hours for real, or a Lethal […]

todayMarch 17, 2021 1 2

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

NAA B-Radio Communication Center

LISTEN WITH YOUR APP

Licensed By
0%