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Kanye West is Finally a Billionaire, Forbes Says

Posted on the 25 April 2020 by Thiruvenkatam Chinnagounder @tipsclear
Kanye West is finally a billionaire, Forbes says

Now the 42-year-old star has received the title from Forbes magazine, which estimates he has a current net worth of $ 1.3 billion - though he would still be unhappy with it.

Friday, Forbes gave the title to the hip-hop star after West shared his financial records after "months of requests".

Forbes reporter Zack O'Malley Greenburg said that when the magazine featured West on the cover of the magazine last year, they didn't call him a billionaire.

"Without sufficient documentation of his unusual stake, based on his word and his industry estimates, we have not called him a billionaire," wrote O'Malley Greenburg.

The company also did not include the musician in its annual list of billionaires, citing a lack of documentation to support the claim.

But after receiving an "authentic digital look at Kanye, Inc.", Forbes began to crunch the numbers.

The magazine calculated the value of the artist's assets, including West Yeezy's collaboration with Adidas, which, according to Forbes, earned him more than $ 140 million in royalties from last year's sales. properties, assets and its GOOD record company, worth at least $ 90 million.

The final total of $ 1.3 billion, according to the magazine, took into account debts, "illiquidity of assets" and the magazine's tendency to "look at self-assessments with some skepticism".

Forbes reported that West insists it is worth $ 3.3 billion, and texted the magazine to say, "It's $ 3.3 billion because no one in Forbes knows count. " But the figure of $ 1.3 billion still puts it on an exclusive list.

He also sees him worth more than his sister-in-law, Kylie Jenner, who was nicknamed the "youngest self-taught billionaire" in 2018.

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