Credit: Jason Persse
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Music producer and rapper Kanye West has emerged the richest black man in all US history, with a networth of $6.6 billion.
He was in the news for clinching his 22nd Grammy a few days ago. Now he is back in the limelight on account of his networth, which is an aggregate of his musical earnings, the worth of his popular brand Yeezy and his newly announced GAP deal.
His apparel and sneaker brand, Yeezy and the multi-year contract with Gap launched West into the billionaire’s club last year.
Reports estimate the Yeezy brand to be about $4 billion, while his venture with GAP is expected to be worth more than $970 million.
West is the sole owner of the Yeezy company, and as such, much of his personal net worth is attributed to his recent business decisions and the $1.7 billion from additional assets, including his significant investment into Skims label, belonging to his ex-wife.
The musician’s entire music catalogue is estimated at $110.5 million while he is estimated to be worth $122 million in cash and stock.
Interestingly, the rapper announced he was $53 million in debt less than half a decade ago. That seems to be in the distant past now.
In 2019, he announced he had reconnected with God as a born-again Christian. He has since used every occasion to showcase his faith.
His 10th studio album, Jesus Is King, a gospel-infused project debuted at No. 1 on the Billboard 200.
