Kanye West Now the Richest Black Man in America’s History
Kanye West’s net worth has now been revealed is said to be worth $6.6 billion according to a report by Bloomberg and People – making him the wealthiest black man in American history!
The rapper’s net worth is estimated at $6.6 billion, in large part due to his Yeezy sneaker. His sneaker and clothing business now supported by Adidas AG and Gap Inc, is valued between $3.2 billion and $4.7 billion respectively.
West’s Yeezy line with Gap is expected to launch as early as this July. Adidas introduced and sold out of its latest Yeezy sneaker model, the 450, earlier this month.
Sales for Yeezy’s Adidas sneakers have continued to grow during the pandemic, increasing nearly 31% to nearly $1.7 billion in annual revenue last year. Yeezy’s footwear partnership with Adidas currently runs through 2026.
As well as having $1.7 billion in other assets, ‘Ye has $110 million from his music catalogue and $122 million in cash.
Recall that West was named one of the highest paid celebrities of the year in 2020, according to forbes.
News of Kanye’s worth comes days after his 22nd Grammy win for Best Contemporary Christian Music Album for his LP Jesus Is King.
It also comes amid his break-up with Kim Kardashian, who filed for divorce last month.