Entertainment
Kanye West’s net worth estimated at $6.6bn – five years after claiming he was broke
Kanye West never does things by halves and that includes his bank balance as the rapper is reportedly worth an estimated $6.6 billion.
The Gold Digger rapper has made some incredibly smart business moves in recent years, including merging his popular Yeezy brand with Adidas AG and Gap Inc in very lucrative deals.
According to Bloomberg, this business venture is worth between $3.2 billion (£2.3 billion) and $4.7 billion (£3.3 billion) by UBS Group AG.
It appears the bulk of this lies in the Gap deal, which was announced last year, with the publication claiming it could be worth as much as $970 million (£694 million) of that total alone.
Projections are high for the Gap deal with experts predicting it will break $150 million (£107 million) in sales during its first full year when in 2022.
Kanye, 43, is said to have $122 million (£87 million) in cash and stock and $110 million (£79 million) from his extensive music catalogue spanning over 20 years, as well as $1.7 billion (£1.2 billion) in other assets. Interestingly, this includes a stake in his estranged wife Kim Kardashian’s Skims brand.
It’s believed that the Grammy-winning rapper has full creative and ownership control of Yeezy.
Last April, Kanye declared himself a billionaire and said his net worth had soared to $3 billion (£2.1 billion). However, Forbes countered that his fortune was much lower than claimed.
In typical Kanye fashion, he then texted the publication: ‘It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.’
The All Falls Down hitmaker has certainly come a long way since 2016 when he claimed to have racked up a $53 million (£38 million) debt.
He tweeted at the time: ‘World, please tweet, FaceTime, Facebook, instagram, whatever you gotta do to get Mark to support me,’ adding that he was ‘still 53 million dollars in personal debt’.
Kanye’s finances may be flowing but his personal life has sadly taken a bit of a hit these days.
The musician is currently in the midst of divorcing wife Kim Kardashian after more than six years of marriage.
Divorce papers cited ‘irreconcilable differences’ but they’re said to be amicably co-parenting their four children; North, seven, Saint, five, Chicago, three, and Psalm, one.
Got a showbiz story?
If you’ve got a celebrity story, video or pictures get in touch with the Metro.co.uk entertainment team by emailing us celebtips@metro.co.uk, calling 020 3615 2145 or by visiting our Submit Stuff page – we’d love to hear from you.
MORE : Kim Kardashian and Kanye West ‘no longer talking’ amid divorce but are still co-parenting children
